Segall Bryant & Hamill LLC Buys 1,126 Shares of American Express Company (AXP)

Segall Bryant & Hamill LLC grew its stake in shares of American Express Company (NYSE:AXP) by 25.3% during the third quarter, Holdings Channel reports. The institutional investor owned 5,578 shares of the payment services company’s stock after purchasing an additional 1,126 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in American Express were worth $505,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AXP. Flagship Harbor Advisors LLC grew its stake in shares of American Express by 20.1% in the first quarter. Flagship Harbor Advisors LLC now owns 4,322 shares of the payment services company’s stock worth $338,000 after purchasing an additional 722 shares during the last quarter. Cypress Wealth Advisors LLC grew its stake in shares of American Express by 3.3% in the first quarter. Cypress Wealth Advisors LLC now owns 8,214 shares of the payment services company’s stock worth $650,000 after purchasing an additional 260 shares during the last quarter. First Financial Equity Corporation bought a new stake in shares of American Express in the first quarter worth about $264,000. Bfsg LLC bought a new stake in shares of American Express in the first quarter worth about $1,042,000. Finally, Salem Investment Counselors Inc. bought a new stake in shares of American Express in the first quarter worth about $221,000. 83.35% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Anre D. Williams sold 30,761 shares of American Express stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the completion of the transaction, the insider now directly owns 28,720 shares in the company, valued at $2,682,735.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Peter Bush sold 12,789 shares of American Express stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the transaction, the insider now owns 92,504 shares of the company’s stock, valued at $9,199,522.80. The disclosure for this sale can be found here. Insiders have sold 442,869 shares of company stock valued at $42,823,869 over the last quarter. Company insiders own 0.67% of the company’s stock.

Several analysts recently issued reports on the company. Bank of America raised their target price on American Express from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Barclays set a $93.00 target price on American Express and gave the stock a “hold” rating in a research note on Thursday, October 19th. Jefferies Group reissued an “in-line” rating and issued a $93.00 target price (up from $85.00) on shares of American Express in a research note on Thursday, October 19th. Buckingham Research assumed coverage on American Express in a research note on Monday, October 2nd. They issued a “neutral” rating and a $92.00 target price on the stock. Finally, Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a research note on Wednesday. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $96.68.

Shares of American Express Company (NYSE AXP) opened at $101.08 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $87,737.03, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. American Express Company has a 12-month low of $75.06 and a 12-month high of $101.65.

American Express (NYSE:AXP) last posted its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The business had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 EPS. equities research analysts anticipate that American Express Company will post 5.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 annualized dividend and a yield of 1.39%. American Express’s payout ratio is 26.97%.

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American Express Company Profile

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

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