IFM Investors Pty Ltd Has $19.91 Million Stock Holdings in American Express (NYSE:AXP)

IFM Investors Pty Ltd grew its position in shares of American Express (NYSE:AXPGet Rating) by 16.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,492 shares of the payment services company’s stock after purchasing an additional 14,812 shares during the quarter. IFM Investors Pty Ltd’s holdings in American Express were worth $19,914,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AXP. Traverso Chambers Private Wealth Management LLC raised its position in shares of American Express by 102.8% during the first quarter. Traverso Chambers Private Wealth Management LLC now owns 13,215 shares of the payment services company’s stock worth $2,471,000 after acquiring an additional 6,699 shares during the last quarter. Wealth Management Partners LLC bought a new stake in American Express in the first quarter worth approximately $228,000. Perkins Coie Trust Co acquired a new stake in American Express in the first quarter valued at approximately $28,000. Atticus Wealth Management LLC acquired a new stake in American Express in the first quarter valued at approximately $468,000. Finally, Columbia Trust Co 01012016 grew its stake in American Express by 3.1% in the first quarter. Columbia Trust Co 01012016 now owns 2,289 shares of the payment services company’s stock valued at $414,000 after acquiring an additional 68 shares during the period. 85.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXP has been the subject of a number of research reports. Robert W. Baird raised American Express from a “neutral” rating to an “outperform” rating and set a $175.00 price objective for the company in a research note on Friday, June 17th. JPMorgan Chase & Co. cut American Express from an “overweight” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Monday, April 11th. Royal Bank of Canada lifted their target price on American Express from $175.00 to $180.00 and gave the company a “maintains” rating in a research report on Monday, July 25th. BMO Capital Markets reaffirmed a “maintains” rating on shares of American Express in a research report on Tuesday, July 26th. Finally, Piper Sandler cut their target price on American Express from $202.00 to $163.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $178.00.

Insiders Place Their Bets

In other American Express news, Director Theodore Leonsis sold 4,005 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $166.63, for a total value of $667,353.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

American Express Stock Performance

Shares of AXP opened at $154.02 on Monday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.63 and a quick ratio of 1.63. American Express has a 1 year low of $134.12 and a 1 year high of $199.55. The firm has a market cap of $115.48 billion, a PE ratio of 15.80, a PEG ratio of 1.17 and a beta of 1.15. The stock’s fifty day moving average price is $150.30 and its two-hundred day moving average price is $168.82.

American Express (NYSE:AXPGet Rating) last released its quarterly earnings data on Friday, July 22nd. The payment services company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.16. American Express had a return on equity of 32.81% and a net margin of 15.69%. The company had revenue of $13.40 billion for the quarter, compared to analyst estimates of $12.54 billion. During the same period in the previous year, the company posted $2.80 EPS. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. On average, equities research analysts forecast that American Express will post 9.74 EPS for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Friday, July 1st will be paid a $0.52 dividend. The ex-dividend date is Thursday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 1.35%. American Express’s dividend payout ratio is currently 21.33%.

American Express Profile

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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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