Skandinaviska Enskilda Banken AB publ Decreases Position in American Express (AXP)

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Skandinaviska Enskilda Banken AB publ trimmed its holdings in American Express (NYSE:AXP) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,910 shares of the payment services company’s stock after selling 9,339 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in American Express were worth $13,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. IFG Advisory LLC increased its stake in shares of American Express by 4.6% in the 3rd quarter. IFG Advisory LLC now owns 14,091 shares of the payment services company’s stock worth $1,500,000 after acquiring an additional 620 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of American Express by 16.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 137,688 shares of the payment services company’s stock worth $14,662,000 after acquiring an additional 19,881 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of American Express by 6.3% in the 3rd quarter. Gulf International Bank UK Ltd now owns 250,046 shares of the payment services company’s stock worth $26,627,000 after acquiring an additional 14,850 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of American Express by 1.6% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 117,789 shares of the payment services company’s stock worth $12,543,000 after acquiring an additional 1,800 shares in the last quarter. Finally, BP PLC increased its stake in shares of American Express by 36.6% in the 3rd quarter. BP PLC now owns 112,000 shares of the payment services company’s stock worth $11,928,000 after acquiring an additional 30,000 shares in the last quarter. Institutional investors own 82.98% of the company’s stock.

In other news, Chairman Stephen J. Squeri sold 12,500 shares of American Express stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $103.84, for a total value of $1,298,000.00. Following the completion of the sale, the chairman now directly owns 209,957 shares in the company, valued at $21,801,934.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc D. Gordon sold 25,948 shares of American Express stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $107.83, for a total transaction of $2,797,972.84. Following the completion of the sale, the insider now owns 33,111 shares of the company’s stock, valued at $3,570,359.13. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Several brokerages recently issued reports on AXP. BMO Capital Markets increased their price target on shares of American Express from $103.00 to $106.00 and gave the stock a “market perform” rating in a research note on Thursday, July 19th. Jefferies Financial Group reiterated a “hold” rating and issued a $105.00 price target on shares of American Express in a research note on Monday, July 16th. Bank of America set a $125.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Friday, October 19th. Barclays increased their price target on shares of American Express from $113.00 to $115.00 and gave the stock a “hold” rating in a research note on Friday, October 19th. Finally, Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. American Express currently has a consensus rating of “Buy” and an average price target of $112.70.

NYSE:AXP opened at $108.28 on Friday. The stock has a market cap of $91.67 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.45 and a beta of 1.06. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.88 and a quick ratio of 1.88. American Express has a fifty-two week low of $87.54 and a fifty-two week high of $111.77.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, October 18th. The payment services company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.06 billion. American Express had a net margin of 9.51% and a return on equity of 31.26%. American Express’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. Equities research analysts expect that American Express will post 7.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Friday, October 5th were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, October 4th. This is a positive change from American Express’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.44%. American Express’s payout ratio is currently 26.58%.

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About American Express

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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