LGL Partners LLC Has $993,000 Holdings in American Express (NYSE:AXP)

LGL Partners LLC decreased its position in American Express (NYSE:AXP) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,344 shares of the payment services company’s stock after selling 44 shares during the period. LGL Partners LLC’s holdings in American Express were worth $993,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. FMR LLC lifted its stake in shares of American Express by 8.5% in the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after purchasing an additional 866,110 shares during the period. World Investment Advisors LLC increased its holdings in American Express by 35,213.7% in the third quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock worth $86,002,000 after purchasing an additional 316,219 shares in the last quarter. National Bank of Canada FI lifted its stake in American Express by 73.7% in the third quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock valued at $191,842,000 after buying an additional 300,138 shares during the period. Nordea Investment Management AB boosted its holdings 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 buying an additional 247,864 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of American Express by 5.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock worth $1,249,415,000 after buying an additional 239,173 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Trading Down 0.8 %

Shares of AXP stock opened at $293.12 on Wednesday. American Express has a 52-week low of $213.25 and a 52-week high of $326.27. The company has a 50-day simple moving average of $307.21 and a two-hundred day simple moving average of $285.86. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The company has a market capitalization of $205.93 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.41 and a beta of 1.24.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Research analysts anticipate that American Express will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, January 3rd. American Express’s dividend payout ratio (DPR) is currently 19.99%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AXP. JPMorgan Chase & Co. boosted their target price on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Citigroup upped their price objective on shares of American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. William Blair restated an “outperform” rating on shares of American Express in a research note on Monday, January 27th. HSBC upped their price target on American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, StockNews.com cut American Express from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Express presently has an average rating of “Hold” and an average price target of $296.38.

Insider Activity at American Express

In other news, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the transaction, the insider now owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This represents a 38.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the sale, the insider now directly owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. This trade represents a 41.27 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

American Express Company 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.