American Express Company (AXP) Position Held by Barnett & Company Inc.

Barnett & Company Inc. held its stake in shares of American Express Company (NYSE:AXP) during the third quarter, Holdings Channel reports. The firm owned 6,040 shares of the payment services company’s stock at the end of the third quarter. Barnett & Company Inc.’s holdings in American Express Company were worth $387,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Motco increased its position in shares of American Express Company by 31.6% in the third quarter. Motco now owns 1,815 shares of the payment services company’s stock valued at $116,000 after buying an additional 436 shares in the last quarter. Advisory Services Network LLC increased its position in shares of American Express Company by 10.4% in the third quarter. Advisory Services Network LLC now owns 2,140 shares of the payment services company’s stock valued at $137,000 after buying an additional 201 shares in the last quarter. Alpha Windward LLC increased its position in shares of American Express Company by 1.3% in the third quarter. Alpha Windward LLC now owns 2,392 shares of the payment services company’s stock valued at $153,000 after buying an additional 31 shares in the last quarter. SRB Corp increased its position in shares of American Express Company by 8.0% in the third quarter. SRB Corp now owns 2,397 shares of the payment services company’s stock valued at $154,000 after buying an additional 178 shares in the last quarter. Finally, Clean Yield Group increased its position in shares of American Express Company by 3.9% in the third quarter. Clean Yield Group now owns 2,453 shares of the payment services company’s stock valued at $157,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 81.71% of the company’s stock.

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

Shares of American Express Company (NYSE:AXP) opened at 78.91 on Tuesday. American Express Company has a one year low of $52.73 and a one year high of $79.18. The company has a market cap of $71.33 billion, a price-to-earnings ratio of 13.97 and a beta of 1.19. The company’s 50-day moving average is $76.59 and its 200-day moving average is $69.41.

American Express Company (NYSE:AXP) last announced its quarterly earnings results on Thursday, January 19th. The payment services company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by $0.07. The company earned $8 billion during the quarter, compared to analysts’ expectations of $7.92 billion. American Express Company had a net margin of 16.63% and a return on equity of 33.49%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 earnings per share. On average, equities analysts predict that American Express Company will post $5.66 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 10th. Shareholders of record on Friday, January 6th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, January 4th. This represents a $1.28 annualized dividend and a yield of 1.62%. American Express Company’s dividend payout ratio is currently 22.74%.

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A number of research analysts recently weighed in on the stock. Vetr downgraded shares of American Express Company from a “hold” rating to a “sell” rating and set a $71.74 price objective on the stock. in a research report on Wednesday, December 21st. Bank of America Corporation upgraded shares of American Express Company from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $65.00 to $68.00 in a research report on Thursday, October 20th. Zacks Investment Research upgraded shares of American Express Company from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, October 24th. J P Morgan Chase & Co upgraded shares of American Express Company from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $76.00 to $90.00 in a research report on Tuesday, January 17th. Finally, JMP Securities restated a “market perform” rating on shares of American Express Company in a research report on Friday, January 20th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $76.24.

In other news, insider L Kevin Cox sold 52,902 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $72.30, for a total transaction of $3,824,814.60. Following the transaction, the insider now directly owns 52,903 shares in the company, valued at $3,824,886.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 217,208 shares of company stock worth $16,639,162 over the last quarter. 0.78% of the stock is currently owned by insiders.

American Express Company Company Profile

American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

5 Day Chart for NYSE:AXP

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP).

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