American Express Company (AXP) Shares Bought by Founders Capital Management LLC

Founders Capital Management LLC boosted its position in American Express Company (NYSE:AXP) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,125 shares of the payment services company’s stock after purchasing an additional 964 shares during the period. American Express comprises approximately 3.4% of Founders Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Founders Capital Management LLC’s holdings in American Express were worth $7,158,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AXP. BlackRock Inc. boosted its position in American Express by 2,686.0% during the first quarter. BlackRock Inc. now owns 44,177,867 shares of the payment services company’s stock valued at $3,494,913,000 after buying an additional 42,592,136 shares during the period. Wellington Management Group LLP lifted its holdings in American Express by 21.7% in the first quarter. Wellington Management Group LLP now owns 17,198,787 shares of the payment services company’s stock worth $1,360,596,000 after buying an additional 3,071,573 shares during the period. Veritas Asset Management LLP lifted its holdings in American Express by 15.2% in the second quarter. Veritas Asset Management LLP now owns 10,303,201 shares of the payment services company’s stock worth $867,942,000 after buying an additional 1,358,474 shares during the period. Renaissance Technologies LLC purchased a new stake in American Express in the second quarter worth about $101,526,000. Finally, Canada Pension Plan Investment Board lifted its holdings in American Express by 944,765.8% in the second quarter. Canada Pension Plan Investment Board now owns 1,077,147 shares of the payment services company’s stock worth $90,739,000 after buying an additional 1,077,033 shares during the period. Institutional investors and hedge funds own 83.35% of the company’s stock.

In other news, insider Anre D. Williams sold 30,761 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total value of $2,873,385.01. Following the completion of the sale, the insider now owns 28,720 shares of the company’s stock, valued at approximately $2,682,735.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Linda Zukauckas sold 3,196 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $95.42, for a total transaction of $304,962.32. The disclosure for this sale can be found here. Insiders sold a total of 211,199 shares of company stock valued at $19,978,410 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

A number of brokerages have weighed in on AXP. Bank of America raised their target price on shares of American Express from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Jefferies Group reaffirmed an “in-line” rating and set a $93.00 target price (up previously from $85.00) on shares of American Express in a research note on Thursday, October 19th. Keefe, Bruyette & Woods set a $95.00 target price on shares of American Express and gave the company a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Wednesday, November 1st. Finally, Wells Fargo & Company began coverage on shares of American Express in a research note on Tuesday, October 10th. They set an “outperform” rating and a $105.00 target price for the company. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $91.56.

Shares of American Express Company (NYSE AXP) opened at $98.21 on Thursday. The stock has a market cap of $85,679.91, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.90 and a quick ratio of 1.90. American Express Company has a 52-week low of $72.23 and a 52-week high of $99.75.

American Express (NYSE:AXP) last released its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.03. The company had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. equities research analysts anticipate that American Express Company will post 5.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be given a $0.35 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.40 annualized dividend and a yield of 1.43%. American Express’s dividend payout ratio (DPR) is 26.97%.

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About American Express

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

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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