Trilogy Capital Inc. Buys 68 Shares of American Express Company $AXP

Trilogy Capital Inc. increased its stake in shares of American Express Company (NYSE:AXP) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,671 shares of the payment services company’s stock after acquiring an additional 68 shares during the quarter. Trilogy Capital Inc.’s holdings in American Express were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in American Express by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 45,843,893 shares of the payment services company’s stock worth $12,334,299,000 after buying an additional 605,900 shares during the period. Wellington Management Group LLP lifted its holdings in American Express by 13.7% in the 1st quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company’s stock worth $4,849,777,000 after buying an additional 2,168,445 shares during the period. Nuveen LLC purchased a new stake in American Express in the 1st quarter worth approximately $1,454,667,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in American Express by 1.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,093,807 shares of the payment services company’s stock worth $1,370,489,000 after buying an additional 78,538 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in American Express by 25.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,752,690 shares of the payment services company’s stock worth $1,278,711,000 after buying an additional 965,221 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. William Blair restated an “outperform” rating on shares of American Express in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods raised their target price on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on American Express from $371.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Royal Bank Of Canada restated an “outperform” rating on shares of American Express in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. raised their target price on American Express from $260.00 to $342.00 and gave the company a “neutral” rating in a research note on Friday, July 11th. Eight analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $319.95.

Insider Activity at American Express

In other American Express news, insider Anna Marrs sold 5,500 shares of American Express stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the sale, the insider owned 20,311 shares of the company’s stock, valued at approximately $6,312,049.47. This trade represents a 21.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of American Express stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the sale, the chief executive officer directly owned 92,810 shares of the company’s stock, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,996 shares of company stock worth $85,261,270 over the last quarter. 0.20% of the stock is currently owned by company insiders.

American Express Stock Down 1.0%

AXP stock opened at $328.76 on Thursday. American Express Company has a twelve month low of $220.43 and a twelve month high of $349.19. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 1.80. The firm has a market cap of $228.77 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.29. The business has a 50 day moving average of $319.19 and a 200 day moving average of $297.32.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 18th. The payment services company reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.86 by $0.22. American Express had a return on equity of 32.87% and a net margin of 14.78%.The company had revenue of $17.86 billion during the quarter, compared to analyst estimates of $17.70 billion. During the same quarter last year, the company earned $3.49 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, research analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio (DPR) is 23.02%.

American Express Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.