MetLife Investment Advisors LLC bought a new stake in American Express (NYSE:AXP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 222,909 shares of the payment services company’s stock, valued at approximately $22,137,000.
A number of other institutional investors have also recently modified their holdings of the stock. UBS Asset Management Americas Inc. increased its holdings in American Express by 59.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 5,305,396 shares of the payment services company’s stock worth $526,879,000 after purchasing an additional 1,968,718 shares in the last quarter. Millennium Management LLC increased its holdings in American Express by 847.9% during the 4th quarter. Millennium Management LLC now owns 1,480,273 shares of the payment services company’s stock worth $147,006,000 after purchasing an additional 1,324,105 shares in the last quarter. Swedbank bought a new stake in American Express during the 4th quarter worth approximately $98,751,000. Janus Henderson Group PLC increased its holdings in American Express by 55.9% during the 3rd quarter. Janus Henderson Group PLC now owns 2,675,599 shares of the payment services company’s stock worth $242,003,000 after purchasing an additional 959,824 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in American Express by 373.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,155,096 shares of the payment services company’s stock worth $114,710,000 after purchasing an additional 911,306 shares in the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on AXP. Sandler O’Neill set a $109.00 price objective on American Express and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Thursday, January 11th. Morgan Stanley boosted their price objective on American Express from $108.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Guggenheim lowered American Express from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $98.03 to $102.00 in a report on Monday, January 22nd. Finally, Oppenheimer set a $117.00 target price on American Express and gave the company a “buy” rating in a report on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the company. American Express presently has an average rating of “Hold” and a consensus target price of $103.89.
American Express stock opened at $95.61 on Monday. American Express has a 12 month low of $75.51 and a 12 month high of $102.39. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.06. The company has a market capitalization of $82,251.26, a P/E ratio of 32.97, a P/E/G ratio of 1.31 and a beta of 1.16.
American Express (NYSE:AXP) last posted its earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.04. The firm had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $8.73 billion. American Express had a return on equity of 26.00% and a net margin of 8.08%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 earnings per share. equities analysts expect that American Express will post 7.14 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Friday, April 6th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.46%. American Express’s dividend payout ratio is currently 48.28%.
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).
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