Beacon Investment Advisory Services Inc. Grows Stock Position in American Express (NYSE:AXP)

Beacon Investment Advisory Services Inc. increased its holdings in shares of American Express (NYSE:AXP) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,630 shares of the payment services company’s stock after purchasing an additional 155 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in American Express were worth $3,539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fort Point Capital Partners LLC lifted its position in American Express by 0.7% during the third quarter. Fort Point Capital Partners LLC now owns 7,467 shares of the payment services company’s stock worth $1,251,000 after buying an additional 55 shares during the period. B. Riley Wealth Management Inc. lifted its position in American Express by 1.7% during the third quarter. B. Riley Wealth Management Inc. now owns 3,373 shares of the payment services company’s stock worth $565,000 after buying an additional 56 shares during the period. Financial Management Professionals Inc. lifted its position in American Express by 6.1% during the third quarter. Financial Management Professionals Inc. now owns 1,015 shares of the payment services company’s stock worth $170,000 after buying an additional 58 shares during the period. JFS Wealth Advisors LLC increased its stake in American Express by 5.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,198 shares of the payment services company’s stock worth $196,000 after acquiring an additional 58 shares during the last quarter. Finally, Foster & Motley Inc. increased its stake in American Express by 3.6% during the fourth quarter. Foster & Motley Inc. now owns 1,708 shares of the payment services company’s stock worth $279,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 83.98% of the company’s stock.

AXP traded up $2.04 on Tuesday, reaching $186.52. The company’s stock had a trading volume of 66,946 shares, compared to its average volume of 4,269,414. The stock has a market cap of $141.25 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. American Express has a 1 year low of $140.68 and a 1 year high of $199.55. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.68 and a quick ratio of 1.68. The business’s 50 day moving average is $184.86 and its 200 day moving average is $176.17.

American Express (NYSE:AXPGet Rating) last issued its quarterly earnings results on Tuesday, January 25th. The payment services company reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.40. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.55 billion. American Express had a return on equity of 33.20% and a net margin of 18.92%. American Express’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.76 earnings per share. As a group, research analysts forecast that American Express will post 9.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 10th. Investors of record on Friday, April 8th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, April 7th. This represents a $2.08 dividend on an annualized basis and a yield of 1.12%. This is an increase from American Express’s previous quarterly dividend of $0.43. American Express’s dividend payout ratio is currently 20.82%.

In other American Express news, insider Laureen Seeger sold 30,808 shares of the stock in a transaction that occurred on Monday, January 31st. The stock was sold at an average price of $175.57, for a total transaction of $5,408,960.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Anre D. Williams sold 139,909 shares of the stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $196.82, for a total value of $27,536,889.38. The disclosure for this sale can be found here. Insiders sold 440,177 shares of company stock valued at $81,094,533 in the last three months. 0.11% of the stock is currently owned by company insiders.

Several equities research analysts have commented on the company. BMO Capital Markets upped their price target on American Express from $152.00 to $155.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 26th. Oppenheimer restated an “outperform” rating and set a $200.00 price target on shares of American Express in a research note on Wednesday, March 23rd. Barclays upped their price target on American Express from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 26th. Morgan Stanley upped their price target on American Express from $218.00 to $223.00 and gave the stock an “overweight” rating in a research note on Monday, March 28th. Finally, JPMorgan Chase & Co. lowered American Express from an “overweight” rating to a “neutral” rating and set a $200.00 price target for the company. in a research note on Monday, April 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $197.82.

American Express Profile (Get Rating)

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

See Also

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 (NYSE:AXPGet Rating).

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

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