Boston Trust Walden Corp Reduces Stock Position in American Express (NYSE:AXP)

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Boston Trust Walden Corp cut its stake in American Express (NYSE:AXP) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 550,982 shares of the payment services company’s stock after selling 2,567 shares during the quarter. Boston Trust Walden Corp’s holdings in American Express were worth $68,592,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AXP. Tiedemann Advisors LLC grew its position in shares of American Express by 0.9% in the third quarter. Tiedemann Advisors LLC now owns 9,670 shares of the payment services company’s stock valued at $1,143,000 after purchasing an additional 85 shares during the last quarter. Titus Wealth Management grew its position in shares of American Express by 3.2% in the third quarter. Titus Wealth Management now owns 2,815 shares of the payment services company’s stock valued at $333,000 after purchasing an additional 86 shares during the last quarter. Taylor Cottrill Erickson & Associates Inc. grew its position in shares of American Express by 1.0% in the third quarter. Taylor Cottrill Erickson & Associates Inc. now owns 8,544 shares of the payment services company’s stock valued at $1,011,000 after purchasing an additional 88 shares during the last quarter. Hodges Capital Management Inc. grew its position in shares of American Express by 0.7% in the second quarter. Hodges Capital Management Inc. now owns 12,708 shares of the payment services company’s stock valued at $1,569,000 after purchasing an additional 90 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its position in shares of American Express by 13.3% in the fourth quarter. Contravisory Investment Management Inc. now owns 809 shares of the payment services company’s stock valued at $101,000 after purchasing an additional 95 shares during the last quarter. 84.13% of the stock is owned by institutional investors.

AXP has been the topic of several research reports. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Tuesday, December 10th. ValuEngine lowered shares of American Express from a “hold” rating to a “sell” rating in a research report on Wednesday, December 4th. Oppenheimer set a $126.00 target price on shares of American Express and gave the stock a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. set a $122.00 target price on shares of American Express and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Finally, Robert W. Baird began coverage on shares of American Express in a research report on Wednesday. They set a “neutral” rating and a $124.00 target price on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $126.31.

In other American Express news, Director Theodore Leonsis sold 8,420 shares of American Express stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $116.44, for a total value of $980,424.80. Following the transaction, the director now owns 11,580 shares in the company, valued at approximately $1,348,375.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Stephen J. Squeri sold 15,000 shares of American Express stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $117.96, for a total transaction of $1,769,400.00. Following the completion of the transaction, the chief executive officer now owns 184,090 shares in the company, valued at approximately $21,715,256.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,820 shares of company stock worth $3,033,961. 0.21% of the stock is owned by company insiders.

NYSE AXP traded down $0.53 during mid-day trading on Friday, reaching $127.28. 2,788,654 shares of the stock were exchanged, compared to its average volume of 2,675,971. American Express has a 1-year low of $96.37 and a 1-year high of $129.34. The business’s fifty day simple moving average is $122.81 and its 200 day simple moving average is $121.52. The stock has a market capitalization of $102.73 billion, a PE ratio of 17.36, a PEG ratio of 1.32 and a beta of 1.05. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.86 and a current ratio of 1.86.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 18th. The payment services company reported $2.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.01. The company had revenue of $10.99 billion for the quarter, compared to analyst estimates of $10.94 billion. American Express had a net margin of 16.51% and a return on equity of 29.68%. American Express’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $1.88 EPS. On average, analysts anticipate that American Express will post 8.16 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, January 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.39. American Express’s dividend payout ratio (DPR) is 23.47%.

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 three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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

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