Yarbrough Capital LLC Purchases 615 Shares of American Express (NYSE:AXP)

Yarbrough Capital LLC increased its stake in American Express (NYSE:AXP) by 28.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,747 shares of the payment services company’s stock after buying an additional 615 shares during the period. Yarbrough Capital LLC’s holdings in American Express were worth $514,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. SBK Financial Inc. bought a new position in American Express in the fourth quarter worth about $25,000. Tyler Stone Wealth Management bought a new position in American Express in the fourth quarter worth about $25,000. Cornerstone Advisory LLC bought a new position in American Express in the fourth quarter worth about $32,000. Consolidated Planning Corp bought a new position in American Express in the third quarter worth about $34,000. Finally, Castle Financial & Retirement Planning Associates Inc. bought a new position in American Express in the fourth quarter worth about $43,000. 85.49% of the stock is owned by institutional investors.

A number of brokerages have weighed in on AXP. Bank of America raised their target price on shares of American Express from $204.00 to $206.00 in a research note on Thursday, March 17th. Oppenheimer reaffirmed a “buy” rating and set a $212.00 target price on shares of American Express in a research note on Friday, June 10th. Royal Bank of Canada raised their target price on shares of American Express from $195.00 to $200.00 and gave the company a “sector perform” rating in a research note on Monday, April 25th. JPMorgan Chase & Co. downgraded shares of American Express from an “overweight” rating to a “neutral” rating and set a $200.00 target price for the company. in a research note on Monday, April 11th. Finally, Morgan Stanley raised their target price on shares of American Express from $218.00 to $223.00 and gave the company an “overweight” rating in a research note on Monday, March 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $194.17.

In other news, CEO Stephen J. Squeri sold 48,160 shares of American Express stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $178.38, for a total transaction of $8,590,780.80. Following the transaction, the chief executive officer now owns 31,285 shares in the company, valued at approximately $5,580,618.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore Leonsis sold 4,005 shares of American Express stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $166.63, for a total transaction of $667,353.15. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

AXP stock traded down $2.59 on Thursday, hitting $141.80. The company had a trading volume of 41,310 shares, compared to its average volume of 2,940,929. American Express has a 12-month low of $136.49 and a 12-month high of $199.55. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.71. The stock’s 50-day simple moving average is $164.82 and its 200 day simple moving average is $172.95. The stock has a market cap of $106.78 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 1.12 and a beta of 1.08.

American Express (NYSE:AXPGet Rating) last issued its earnings results on Friday, April 22nd. The payment services company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.30. American Express had a net margin of 17.49% and a return on equity of 33.35%. The company had revenue of $11.74 billion for the quarter, compared to analysts’ expectations of $11.66 billion. During the same quarter last year, the company posted $1.74 earnings per share. The firm’s quarterly revenue was up 29.5% on a year-over-year basis. Research analysts forecast that American Express will post 9.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Stockholders of record on Friday, July 1st will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, June 30th. American Express’s dividend payout ratio is presently 20.84%.

American Express Company Profile (Get Rating)

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

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

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