YorkBridge Wealth Partners LLC Trims Holdings in American Express (NYSE:AXP)

YorkBridge Wealth Partners LLC trimmed its position in American Express (NYSE:AXP) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,542 shares of the payment services company’s stock after selling 194 shares during the period. YorkBridge Wealth Partners LLC’s holdings in American Express were worth $656,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Welch Group LLC increased its stake in shares of American Express by 2.2% during the 2nd quarter. Welch Group LLC now owns 3,855 shares of the payment services company’s stock valued at $476,000 after acquiring an additional 84 shares during the last quarter. Signaturefd LLC lifted its stake in American Express by 2.0% during the second quarter. Signaturefd LLC now owns 4,492 shares of the payment services company’s stock worth $554,000 after purchasing an additional 88 shares during the last quarter. Hodges Capital Management Inc. lifted its stake in American Express by 0.7% during the second quarter. Hodges Capital Management Inc. now owns 12,708 shares of the payment services company’s stock worth $1,569,000 after purchasing an additional 90 shares during the last quarter. Acropolis Investment Management LLC lifted its stake in American Express by 0.9% during the third quarter. Acropolis Investment Management LLC now owns 10,561 shares of the payment services company’s stock worth $1,249,000 after purchasing an additional 97 shares during the last quarter. Finally, Nachman Norwood & Parrott Inc lifted its stake in American Express by 4.1% during the second quarter. Nachman Norwood & Parrott Inc now owns 2,561 shares of the payment services company’s stock worth $316,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 83.90% of the company’s stock.

Shares of AXP traded up $2.09 during trading hours on Monday, reaching $118.85. 953,328 shares of the company’s stock traded hands, compared to its average volume of 3,271,852. The firm has a market capitalization of $98.81 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.44 and a beta of 1.06. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.84 and a quick ratio of 1.84. American Express has a twelve month low of $89.05 and a twelve month high of $129.34. The business’s fifty day simple moving average is $117.67 and its two-hundred day simple moving average is $119.68.

American Express (NYSE:AXP) last released its earnings results on Friday, October 18th. The payment services company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.01. The firm had revenue of $10.99 billion for the quarter, compared to analyst estimates of $10.94 billion. American Express had a return on equity of 29.75% and a net margin of 16.60%. American Express’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.88 earnings per share. On average, equities research analysts expect that American Express will post 8.15 EPS for the current year.

The company also recently announced a 0.39000 dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be issued a dividend of $0.43 per share. This represents a yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 3rd. American Express’s payout ratio is currently 23.47%.

In related news, CEO Stephen J. Squeri sold 15,000 shares of American Express stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $118.33, for a total transaction of $1,774,950.00. Following the transaction, the chief executive officer now directly owns 199,609 shares of the company’s stock, valued at $23,619,732.97. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 15,455 shares of American Express stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $127.06, for a total value of $1,963,712.30. Following the transaction, the insider now directly owns 35,931 shares in the company, valued at $4,565,392.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,500 shares of company stock worth $4,618,653. 0.21% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on AXP shares. BMO Capital Markets raised their price objective on American Express to $119.00 and gave the stock a “market perform” rating in a research note on Monday, July 22nd. Cfra restated a “hold” rating on shares of American Express in a research note on Friday. William Blair restated a “buy” rating on shares of American Express in a research note on Friday. Morgan Stanley set a $142.00 price objective on American Express and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Oppenheimer set a $127.00 price objective on American Express and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $124.29.

American Express Profile

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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