American Express (NYSE:AXP) is Foster Dykema Cabot & Partners LLC’s 9th Largest Position

Foster Dykema Cabot & Partners LLC reduced its stake in shares of American Express (NYSE:AXP) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,163 shares of the payment services company’s stock after selling 202 shares during the period. American Express accounts for about 2.6% of Foster Dykema Cabot & Partners LLC’s holdings, making the stock its 9th biggest position. Foster Dykema Cabot & Partners LLC’s holdings in American Express were worth $33,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in shares of American Express by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 11,752,084 shares of the payment services company’s stock valued at $3,484,312,000 after acquiring an additional 268,572 shares in the last quarter. Fisher Asset Management LLC raised its stake in American Express by 1.1% in the 4th quarter. Fisher Asset Management LLC now owns 8,761,336 shares of the payment services company’s stock valued at $2,600,277,000 after purchasing an additional 95,927 shares during the last quarter. Norges Bank purchased a new position in American Express in the 4th quarter valued at about $1,785,867,000. Charles Schwab Investment Management Inc. lifted its holdings in American Express by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,878,434 shares of the payment services company’s stock valued at $1,151,080,000 after purchasing an additional 14,282 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of American Express by 12.7% during the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after purchasing an additional 247,864 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In other American Express news, Director Michael J. Angelakis purchased 3,700 shares of American Express stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the transaction, the director now owns 3,700 shares in the company, valued at $998,593. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the sale, the insider now directly owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the topic of several recent analyst reports. StockNews.com downgraded shares of American Express from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Citigroup decreased their price objective on American Express from $320.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Monness Crespi & Hardt lifted their price objective on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, January 27th. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Monday, January 27th. Finally, Wells Fargo & Company lifted their price target on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Express currently has an average rating of “Hold” and an average price target of $296.81.

American Express Stock Down 1.8 %

AXP stock opened at $253.30 on Thursday. The company has a market capitalization of $177.95 billion, a P/E ratio of 18.08, a PEG ratio of 1.41 and a beta of 1.16. The firm has a 50 day simple moving average of $275.21 and a 200-day simple moving average of $287.85. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. American Express has a twelve month low of $216.52 and a twelve month high of $326.28.

American Express (NYSE:AXP) last released its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. On average, equities research analysts predict that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, April 4th. This is an increase from American Express’s previous quarterly dividend of $0.70. American Express’s dividend payout ratio (DPR) is currently 23.41%.

American Express Profile

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.