Chesley Taft & Associates LLC Has $12.52 Million Stake in American Express (NYSE:AXP)

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Chesley Taft & Associates LLC grew its holdings in American Express (NYSE:AXP) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,572 shares of the payment services company’s stock after buying an additional 1,015 shares during the period. Chesley Taft & Associates LLC’s holdings in American Express were worth $12,520,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Garrett Wealth Advisory Group LLC acquired a new stake in shares of American Express in the third quarter valued at approximately $27,000. Winthrop Partners WNY LLC bought a new position in shares of American Express during the third quarter worth approximately $30,000. FNY Investment Advisers LLC bought a new position in shares of American Express during the third quarter worth approximately $35,000. Enterprise Trust & Investment Co bought a new position in shares of American Express during the third quarter worth approximately $38,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of American Express during the third quarter worth approximately $41,000. 84.13% of the stock is owned by institutional investors.

In other American Express news, CEO Stephen J. Squeri sold 15,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $117.96, for a total transaction of $1,769,400.00. Following the transaction, 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 filing with the SEC, which is available through this hyperlink. Also, insider Denise Pickett sold 2,400 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $118.39, for a total value of $284,136.00. Following the transaction, the insider now owns 9,788 shares in the company, valued at approximately $1,158,801.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,820 shares of company stock worth $3,033,961. Corporate insiders own 0.21% of the company’s stock.

American Express stock traded up $0.08 during mid-day trading on Friday, reaching $127.89. 397,636 shares of the company were exchanged, compared to its average volume of 2,559,548. The company has a fifty day simple moving average of $122.64 and a 200-day simple moving average of $121.50. American Express has a 12 month low of $96.37 and a 12 month high of $129.34. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $102.73 billion, a PE ratio of 17.45, a PEG ratio of 1.32 and a beta of 1.05.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 18th. The payment services company reported $2.08 EPS for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.01. American Express had a return on equity of 29.68% and a net margin of 16.51%. The firm had revenue of $10.99 billion for the quarter, compared to analyst estimates of $10.94 billion. During the same quarter last year, the company earned $1.88 EPS. The company’s revenue was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that American Express will post 8.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.39. American Express’s dividend payout ratio (DPR) is 23.47%.

A number of equities analysts have recently weighed in on AXP shares. JPMorgan Chase & Co. set a $122.00 target price on American Express and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Robert W. Baird started coverage on American Express in a research note on Wednesday. They set a “neutral” rating and a $124.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of American Express in a research note on Tuesday, December 10th. Wells Fargo & Co reiterated a “buy” rating on shares of American Express in a research note on Friday, December 6th. Finally, Oppenheimer set a $126.00 target price on American Express and gave the stock a “buy” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $126.31.

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.

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

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