Moon Capital Management LLC bought a new stake in American Express Company (NYSE:AXP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,765 shares of the payment services company’s stock, valued at approximately $275,000.
Several other hedge funds have also recently made changes to their positions in AXP. Advisors Asset Management Inc. increased its holdings in 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 buying an additional 6,709 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in American Express by 10.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,669 shares of the payment services company’s stock worth $478,000 after buying an additional 554 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in American Express during the third quarter worth about $5,505,000. Westpac Banking Corp increased its holdings in 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 buying an additional 5,252 shares during the last quarter. Finally, Shelton Capital Management purchased a new stake in American Express during the second quarter worth about $670,000. Institutional investors own 83.35% of the company’s stock.
American Express Company (NYSE AXP) opened at $100.97 on Friday. The firm has a market cap of $87,433.27, a PE ratio of 19.45, a PEG ratio of 1.45 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.90 and a quick ratio of 1.90. American Express Company has a 12 month low of $75.39 and a 12 month high of $101.65.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.39%. American Express’s dividend payout ratio (DPR) is currently 26.97%.
In other news, insider James Peter Bush sold 12,789 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05. Following the completion of the transaction, the insider now directly owns 92,504 shares in the company, valued at $9,199,522.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anre D. Williams sold 30,761 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the completion of the transaction, the insider now owns 28,720 shares of the company’s stock, valued at $2,682,735.20. The disclosure for this sale can be found here. Insiders sold 442,869 shares of company stock valued at $42,823,869 over the last 90 days. 0.67% of the stock is owned by company insiders.
AXP has been the subject of a number of research analyst reports. Bank of America restated a “buy” rating and set a $102.00 price objective on shares of American Express in a report on Monday, October 9th. Oppenheimer set a $99.00 price objective on shares of American Express and gave the stock a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Wednesday, November 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $116.00 price objective on shares of American Express in a report on Friday, December 22nd. Finally, Deutsche Bank initiated coverage on shares of American Express in a report on Tuesday, January 2nd. They set a “buy” rating and a $118.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $98.96.
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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