Stifel Financial Corp Boosts Stake in American Express Company (AXP)

Stifel Financial Corp grew its stake in shares of American Express Company (NYSE:AXP) by 10.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 717,681 shares of the payment services company’s stock after buying an additional 68,515 shares during the quarter. Stifel Financial Corp owned 0.08% of American Express worth $60,420,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AXP. Bank Hapoalim BM purchased a new stake in shares of American Express during the 1st quarter valued at $461,000. Private Advisor Group LLC grew its holdings in shares of American Express by 43.3% during the 1st quarter. Private Advisor Group LLC now owns 37,260 shares of the payment services company’s stock valued at $2,402,000 after purchasing an additional 11,256 shares during the last quarter. GWM Advisors LLC grew its holdings in shares of American Express by 4.0% during the 1st quarter. GWM Advisors LLC now owns 3,657 shares of the payment services company’s stock valued at $283,000 after purchasing an additional 140 shares during the last quarter. Private Management Group Inc. bought a new position in shares of American Express during the 1st quarter valued at $23,582,000. Finally, Hutner Capital Management Inc. grew its holdings in shares of American Express by 2.1% during the 1st quarter. Hutner Capital Management Inc. now owns 34,434 shares of the payment services company’s stock valued at $2,724,000 after purchasing an additional 717 shares during the last quarter. Hedge funds and other institutional investors own 84.12% of the company’s stock.

In related news, insider Ashwini Gupta sold 90,658 shares of American Express stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $94.71, for a total transaction of $8,586,219.18. Following the completion of the transaction, the insider now directly owns 289,996 shares of the company’s stock, valued at approximately $27,465,521.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Susan Sobbott sold 6,000 shares of American Express stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $84.39, for a total transaction of $506,340.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,345 shares of company stock valued at $13,716,103. 0.67% of the stock is currently owned by corporate insiders.

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AXP has been the topic of several recent research reports. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $94.00 target price (up previously from $87.00) on shares of American Express in a report on Saturday, July 22nd. Guggenheim reaffirmed a “buy” rating and set a $95.00 target price (up previously from $90.00) on shares of American Express in a report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $85.00 target price on shares of American Express in a report on Saturday, July 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $99.00) on shares of American Express in a report on Saturday, July 22nd. Finally, BidaskClub lowered shares of American Express from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $91.56.

American Express Company (NYSE:AXP) opened at $93.69 on Friday. American Express Company has a 12-month low of $70.77 and a 12-month high of $96.90. The stock has a market cap of $81,322.55, a PE ratio of 17.95, a P/E/G ratio of 1.56 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 6th were given a dividend of $0.35 per share. This is a boost from American Express’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, October 5th. American Express’s dividend payout ratio (DPR) is 26.97%.

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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