Rehmann Capital Advisory Group cut its stake in American Express (NYSE:AXP) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,392 shares of the payment services company’s stock after selling 753 shares during the quarter. Rehmann Capital Advisory Group’s holdings in American Express were worth $635,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its position in shares of American Express by 4.9% during the third quarter. Advisors Asset Management Inc. now owns 143,134 shares of the payment services company’s stock worth $12,948,000 after purchasing an additional 6,709 shares during the last quarter. Westpac Banking Corp lifted its position in shares of American Express by 2.2% during the third quarter. Westpac Banking Corp now owns 243,683 shares of the payment services company’s stock worth $22,044,000 after purchasing an additional 5,252 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of American Express during the third quarter worth $5,505,000. Schroder Investment Management Group raised its holdings in shares of American Express by 17.5% in the third quarter. Schroder Investment Management Group now owns 1,416,401 shares of the payment services company’s stock valued at $127,674,000 after acquiring an additional 211,304 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of American Express by 8.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,420 shares of the payment services company’s stock valued at $3,750,000 after acquiring an additional 3,399 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.
In other news, insider James Peter Bush sold 13,356 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $98.65, for a total transaction of $1,317,569.40. Following the sale, the insider now owns 100,790 shares in the company, valued at $9,942,933.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is currently owned by insiders.
American Express (NYSE AXP) opened at $91.33 on Friday. American Express has a 52 week low of $75.51 and a 52 week 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 stock has a market capitalization of $81,502.81, a PE ratio of 31.73, a price-to-earnings-growth ratio of 1.29 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, beating the consensus estimate of $1.54 by $0.04. American Express had a return on equity of 26.00% and a net margin of 8.08%. The company had revenue of $8.84 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. equities research analysts expect that American Express will post 7.15 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 6th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.53%. American Express’s payout ratio is 48.28%.
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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).
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