American Express (NYSE:AXP) Stock Position Decreased by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its holdings in shares of American Express (NYSE:AXP – Get Rating) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,261,019 shares of the payment services company’s stock after selling 100,360 shares during the period. Nuveen Asset Management LLC owned 0.68% of American Express worth $860,702,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Consolidated Planning Corp bought a new stake in shares of American Express during the 3rd quarter valued at about $34,000. Bell Investment Advisors Inc acquired a new position in American Express during the 3rd quarter valued at about $34,000. Castle Financial & Retirement Planning Associates Inc. acquired a new position in American Express during the 4th quarter valued at about $43,000. FSB Premier Wealth Management Inc. acquired a new position in American Express during the 4th quarter valued at about $38,000. Finally, Hoese & Co LLP boosted its stake in American Express by 40.0% during the 4th quarter. Hoese & Co LLP now owns 280 shares of the payment services company’s stock valued at $46,000 after purchasing an additional 80 shares during the period. 85.49% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on AXP shares. Stephens boosted their target price on shares of American Express from $190.00 to $197.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 26th. Wolfe Research lowered shares of American Express from an “outperform” rating to a “peer perform” rating and reduced their target price for the company from $213.00 to $146.00 in a research note on Thursday, May 12th. Wells Fargo & Company upped their price target on shares of American Express from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 26th. JPMorgan Chase & Co. lowered shares of 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. Finally, BMO Capital Markets upped their price target on shares of American Express from $152.00 to $155.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 26th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, American Express presently has an average rating of “Hold” and an average price target of $192.26.

Shares of AXP stock traded up $4.86 during trading hours on Thursday, reaching $165.37. 2,463,865 shares of the stock traded hands, compared to its average volume of 4,008,508. American Express has a 1-year low of $149.71 and a 1-year high of $199.55. The business has a fifty day moving average price of $176.47 and a 200 day moving average price of $174.82. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $124.53 billion, a PE ratio of 16.08, a PEG ratio of 1.24 and a beta of 1.08.

American Express (NYSE:AXP – Get Rating) last released its quarterly earnings results on Friday, April 22nd. The payment services company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.30. American Express had a net margin of 17.49% and a return on equity of 33.35%. The business had revenue of $11.74 billion for the quarter, compared to analyst estimates of $11.66 billion. During the same quarter in the previous year, the business earned $1.74 earnings per share. The firm’s revenue was up 29.5% compared to the same quarter last year. Research analysts expect that American Express will post 9.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Stockholders of record on Friday, July 1st will be issued a dividend of $0.52 per share. The ex-dividend date is Thursday, June 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.26%. American Express’s dividend payout ratio is currently 20.84%.

In other American Express news, CEO Stephen J. Squeri sold 48,160 shares of the company’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $178.38, for a total value of $8,590,780.80. Following the transaction, the chief executive officer now owns 31,285 shares in the company, valued at approximately $5,580,618.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.11% of the stock is owned by insiders.

American Express Company 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.

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