TCI Wealth Advisors Inc. Buys 115 Shares of American Express (NYSE:AXP)

TCI Wealth Advisors Inc. grew its stake in shares of American Express (NYSE:AXP) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,359 shares of the payment services company’s stock after buying an additional 115 shares during the period. TCI Wealth Advisors Inc.’s holdings in American Express were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of AXP. Northern Oak Wealth Management Inc. lifted its holdings in shares of American Express by 429.1% during the 4th quarter. Northern Oak Wealth Management Inc. now owns 15,874 shares of the payment services company’s stock valued at $1,976,000 after purchasing an additional 12,874 shares in the last quarter. Welch Group LLC lifted its holdings in shares of American Express by 36.5% during the 4th quarter. Welch Group LLC now owns 5,326 shares of the payment services company’s stock valued at $663,000 after purchasing an additional 1,425 shares in the last quarter. Fulton Bank N.A. lifted its holdings in shares of American Express by 54.2% during the 4th quarter. Fulton Bank N.A. now owns 8,424 shares of the payment services company’s stock valued at $1,048,000 after purchasing an additional 2,962 shares in the last quarter. 10 15 Associates Inc. lifted its holdings in shares of American Express by 260.7% during the 4th quarter. 10 15 Associates Inc. now owns 6,283 shares of the payment services company’s stock valued at $782,000 after purchasing an additional 4,541 shares in the last quarter. Finally, Nippon Life Global Investors Americas Inc. lifted its holdings in shares of American Express by 6.9% during the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 189,410 shares of the payment services company’s stock valued at $23,580,000 after purchasing an additional 12,270 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

AXP has been the topic of several recent analyst reports. Credit Suisse Group lifted their price objective on American Express from $115.00 to $120.00 and gave the company an “underperform” rating in a report on Monday. ValuEngine cut American Express from a “hold” rating to a “sell” rating in a report on Wednesday, December 4th. Robert W. Baird initiated coverage on American Express in a report on Wednesday, January 8th. They set a “neutral” rating and a $124.00 price objective on the stock. Wells Fargo & Co lifted their price objective on American Express from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday. Finally, William Blair reiterated an “outperform” rating on shares of American Express in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $131.96.

NYSE AXP opened at $130.89 on Monday. The stock has a market capitalization of $110.56 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.42 and a beta of 1.05. The stock’s 50 day moving average price is $125.98 and its two-hundred day moving average price is $121.93. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.86 and a current ratio of 2.41. American Express has a 52 week low of $99.48 and a 52 week high of $138.13.

American Express (NYSE:AXP) last released its earnings results on Friday, January 24th. The payment services company reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.03. The firm had revenue of $11.37 billion for the quarter, compared to analysts’ expectations of $11.36 billion. American Express had a return on equity of 30.24% and a net margin of 15.44%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.84 EPS. On average, equities research analysts forecast that American Express will post 9.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be paid a $0.43 dividend. This is a boost from American Express’s previous quarterly dividend of $0.39. The ex-dividend date is Thursday, January 2nd. This represents a $1.72 annualized dividend and a yield of 1.31%. American Express’s payout ratio is presently 20.98%.

In other American Express news, CEO Stephen J. Squeri sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $117.96, for a total value of $1,769,400.00. Following the sale, the chief executive officer now owns 184,090 shares in the company, valued at approximately $21,715,256.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.

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.

See Also: How to Invest in an Index Fund

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:AXP).

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

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.