Today, American Express Co. (AXP) Stake Maintained by Boston Family Office LLC

Today, American Express Co. (AXP) Stake Maintained by Boston Family Office LLC

Boston Family Office LLC maintained its position in American Express Co. (NYSE:AXP) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,858 shares of the payment services company’s stock at the end of the third quarter. Boston Family Office LLC’s holdings in American Express were worth $1,656,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AXP. First Citizens Bank & Trust Co. increased its position in American Express by 0.3% in the third quarter. First Citizens Bank & Trust Co. now owns 4,256 shares of the payment services company’s stock worth $273,000 after buying an additional 11 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in American Express by 0.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,607 shares of the payment services company’s stock worth $158,000 after buying an additional 12 shares during the last quarter. Assetmark Inc. increased its position in American Express by 0.9% in the second quarter. Assetmark Inc. now owns 3,217 shares of the payment services company’s stock worth $195,000 after buying an additional 29 shares during the last quarter. Alpha Windward LLC increased its position in American Express by 1.3% in the third quarter. Alpha Windward LLC now owns 2,392 shares of the payment services company’s stock worth $153,000 after buying an additional 31 shares during the last quarter. Finally, Institutional & Family Asset Management LLC increased its position in American Express by 1.1% in the second quarter. Institutional & Family Asset Management LLC now owns 4,114 shares of the payment services company’s stock worth $250,000 after buying an additional 44 shares during the last quarter. 82.13% of the stock is owned by institutional investors.

American Express Co. (NYSE:AXP) traded down 0.03% during trading on Friday, hitting $72.86. 1,900,447 shares of the company’s stock traded hands. American Express Co. has a 52-week low of $50.27 and a 52-week high of $73.18. The company’s 50 day moving average price is $66.37 and its 200 day moving average price is $64.57. The company has a market cap of $66.69 billion, a PE ratio of 12.95 and a beta of 1.19.

American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, October 19th. The payment services company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.28. The firm had revenue of $7.80 billion for the quarter, compared to analysts’ expectations of $7.70 billion. American Express had a return on equity of 27.84% and a net margin of 16.67%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 EPS. Analysts expect that American Express Co. will post $5.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Friday, January 6th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Wednesday, January 4th. American Express’s payout ratio is 22.70%.

A number of brokerages recently issued reports on AXP. Zacks Investment Research cut shares of American Express from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup Inc. reiterated a “buy” rating on shares of American Express in a research report on Wednesday, August 10th. Jefferies Group reiterated a “hold” rating and set a $60.00 target price on shares of American Express in a research report on Saturday, October 22nd. Nomura cut shares of American Express from a “neutral” rating to a “reduce” rating and dropped their target price for the stock from $62.00 to $56.00 in a research report on Thursday, October 6th. Finally, Evercore ISI reiterated a “hold” rating on shares of American Express in a research report on Saturday, October 15th. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the stock. American Express presently has a consensus rating of “Hold” and a consensus target price of $67.65.

In related news, insider Ashwini Gupta sold 146,030 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $72.28, for a total value of $10,555,048.40. Following the transaction, the insider now directly owns 298,910 shares in the company, valued at approximately $21,605,214.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Susan Sobbott sold 19,186 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $70.45, for a total value of $1,351,653.70. Following the completion of the transaction, the insider now owns 56,870 shares in the company, valued at $4,006,491.50. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

About American Express

American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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