Rosenberg Matthew Hamilton Has $365,000 Holdings in American Express (NYSE:AXP)

Rosenberg Matthew Hamilton grew its holdings in American Express (NYSE:AXP) by 10.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,229 shares of the payment services company’s stock after acquiring an additional 113 shares during the period. Rosenberg Matthew Hamilton’s holdings in American Express were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Auxier Asset Management lifted its holdings in American Express by 0.5% during the 3rd quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock valued at $1,934,000 after purchasing an additional 35 shares during the last quarter. Abel Hall LLC raised its position in shares of American Express by 3.6% in the third quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after purchasing an additional 35 shares during the period. Sunflower Bank N.A. lifted its stake in shares of American Express by 0.9% during the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock worth $1,203,000 after buying an additional 35 shares during the last quarter. Sovereign Financial Group Inc. boosted its holdings in shares of American Express by 2.7% during the 3rd quarter. Sovereign Financial Group Inc. now owns 1,467 shares of the payment services company’s stock worth $398,000 after buying an additional 38 shares during the period. Finally, Legacy Financial Strategies LLC grew its stake in American Express by 2.5% in the 3rd quarter. Legacy Financial Strategies LLC now owns 1,632 shares of the payment services company’s stock valued at $443,000 after buying an additional 40 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Express

In related news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the transaction, the chief financial officer now owns 6,433 shares in the company, valued at $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the sale, the insider now owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. The trade was a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,998 shares of company stock worth $26,423,439. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AXP shares. UBS Group raised their price objective on shares of American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target on American Express from $286.00 to $301.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Monness Crespi & Hardt increased their price objective on American Express from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, TD Cowen boosted their target price on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $277.82.

American Express Stock Performance

NYSE:AXP opened at $297.33 on Tuesday. The stock’s 50-day moving average is $297.43 and its 200-day moving average is $270.12. The stock has a market cap of $209.45 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23. American Express has a 1-year low of $177.81 and a 1-year high of $307.82. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.22. The firm had revenue of $16.64 billion during the quarter, compared to analysts’ expectations of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.30 EPS. Equities research analysts anticipate that American Express will post 13.4 earnings per share for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, January 3rd. American Express’s payout ratio is presently 20.60%.

About American Express

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.