GM Advisory Group Inc. cut its stake in shares of American Express (NYSE:AXP) by 16.0% in the 4th quarter, Holdings Channel reports. The firm owned 66,527 shares of the payment services company’s stock after selling 12,702 shares during the quarter. American Express comprises approximately 1.8% of GM Advisory Group Inc.’s holdings, making the stock its 17th biggest position. GM Advisory Group Inc.’s holdings in American Express were worth $6,607,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of AXP. Capital Analysts LLC bought a new position in shares of American Express during the second quarter valued at approximately $115,000. Zions Bancorporation grew its holdings in shares of American Express by 912.9% during the third quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock valued at $121,000 after purchasing an additional 1,205 shares during the last quarter. Trustcore Financial Services LLC bought a new position in American Express in the 4th quarter worth approximately $128,000. Westside Investment Management Inc. grew its holdings in American Express by 0.5% in the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after buying an additional 8 shares in the last quarter. Finally, WFG Advisors LP grew its holdings in American Express by 38.8% in the 2nd quarter. WFG Advisors LP now owns 1,568 shares of the payment services company’s stock worth $132,000 after buying an additional 438 shares in the last quarter. 82.38% of the stock is owned by institutional investors.
In other news, insider James Peter Bush sold 12,789 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the completion of the sale, the insider now owns 92,504 shares in the company, valued at approximately $9,199,522.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kenneth I. Chenault sold 96,440 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $97.30, for a total value of $9,383,612.00. Following the sale, the chief executive officer now owns 1,178,333 shares of the company’s stock, valued at approximately $114,651,800.90. The disclosure for this sale can be found here. Insiders have sold a total of 326,110 shares of company stock valued at $31,858,001 in the last quarter. Insiders own 0.67% of the company’s stock.
Shares of American Express (NYSE:AXP) opened at $96.79 on Tuesday. The firm has a market capitalization of $83,266.38, a P/E ratio of 33.38, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19. The company has a debt-to-equity ratio of 3.11, a current ratio of 2.37 and a quick ratio of 1.90. American Express has a 52-week low of $75.51 and a 52-week high of $102.39.
American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.04. American Express had a return on equity of 26.07% and a net margin of 8.08%. The company had revenue of $8.84 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. equities analysts predict that American Express will post 7.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 5th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%. American Express’s dividend payout ratio (DPR) is presently 48.28%.
About American Express
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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