The American Express Company (AXP) Shares Bought by Investment House LLC

The American Express Company (AXP) Shares Bought by Investment House LLC

Investment House LLC raised its position in shares of American Express Company (NYSE:AXP) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,575 shares of the payment services company’s stock after buying an additional 100 shares during the period. Investment House LLC’s holdings in American Express Company were worth $549,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Banced Corp acquired a new stake in shares of American Express Company during the second quarter worth $639,000. LS Investment Advisors LLC increased its stake in shares of American Express Company by 2.8% in the second quarter. LS Investment Advisors LLC now owns 26,753 shares of the payment services company’s stock worth $1,626,000 after buying an additional 734 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in shares of American Express Company by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 6,197 shares of the payment services company’s stock worth $377,000 after buying an additional 68 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in shares of American Express Company by 45.8% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 193,743 shares of the payment services company’s stock worth $11,771,000 after buying an additional 60,836 shares during the last quarter. Finally, MSI Financial Services Inc increased its stake in shares of American Express Company by 12.6% in the second quarter. MSI Financial Services Inc now owns 18,951 shares of the payment services company’s stock worth $1,152,000 after buying an additional 2,114 shares during the last quarter. 80.61% of the stock is owned by institutional investors.

American Express Company (NYSE:AXP) traded up 1.16% during midday trading on Wednesday, hitting $77.49. The stock had a trading volume of 5,988,353 shares. The firm has a market capitalization of $70.92 billion, a price-to-earnings ratio of 13.77 and a beta of 1.20. The firm has a 50-day moving average price of $74.77 and a 200-day moving average price of $67.53. American Express Company has a 1-year low of $50.27 and a 1-year high of $78.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 10th. Stockholders of record on Friday, January 6th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, January 4th. American Express Company’s dividend payout ratio (DPR) is presently 22.70%.

A number of equities research analysts have weighed in on AXP shares. Nomura downgraded shares of American Express Company from a “neutral” rating to a “reduce” rating and cut their price target for the company from $62.00 to $56.00 in a report on Thursday, October 6th. Vetr downgraded shares of American Express Company from a “buy” rating to a “strong sell” rating and set a $53.00 price target for the company. in a report on Thursday, October 13th. Evercore ISI reissued a “hold” rating on shares of American Express Company in a report on Saturday, October 15th. Bank of America Corporation raised shares of American Express Company from an “underperform” rating to a “neutral” rating and upped their price target for the company from $65.00 to $68.00 in a report on Thursday, October 20th. Finally, BMO Capital Markets upped their price target on shares of American Express Company from $73.00 to $75.00 and gave the company a “market perform” rating in a report on Thursday, October 20th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $72.78.

In other news, insider L Kevin Cox sold 52,902 shares of American Express Company stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $72.30, for a total transaction of $3,824,814.60. Following the transaction, the insider now owns 52,903 shares in the company, valued at approximately $3,824,886.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Sobbott sold 19,186 shares of American Express Company stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $70.45, for a total value of $1,351,653.70. Following the transaction, the insider now owns 56,870 shares in the company, valued at approximately $4,006,491.50. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

American Express Company Company Profile

American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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