Webster Bank N. A. Has $2.63 Million Stock Position in American Express (NYSE:AXP)

Webster Bank N. A. trimmed its position in American Express (NYSE:AXP) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,040 shares of the payment services company’s stock after selling 395 shares during the quarter. Webster Bank N. A.’s holdings in American Express were worth $2,630,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bison Wealth LLC boosted its holdings in American Express by 2.1% during the second quarter. Bison Wealth LLC now owns 20,444 shares of the payment services company’s stock worth $3,561,000 after buying an additional 416 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of American Express by 25.0% during the 3rd quarter. National Bank of Canada FI now owns 499,340 shares of the payment services company’s stock valued at $74,584,000 after purchasing an additional 99,813 shares in the last quarter. Beutel Goodman & Co Ltd. lifted its holdings in shares of American Express by 7.6% during the 2nd quarter. Beutel Goodman & Co Ltd. now owns 1,785,141 shares of the payment services company’s stock valued at $310,971,000 after purchasing an additional 125,990 shares in the last quarter. GYL Financial Synergies LLC lifted its holdings in shares of American Express by 1.0% during the 3rd quarter. GYL Financial Synergies LLC now owns 23,987 shares of the payment services company’s stock valued at $3,579,000 after purchasing an additional 242 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of American Express by 6.9% during the 4th quarter. Nordea Investment Management AB now owns 1,574,663 shares of the payment services company’s stock valued at $294,856,000 after purchasing an additional 102,132 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Trading Up 0.5 %

Shares of AXP stock opened at $226.69 on Thursday. The stock has a 50-day moving average of $216.17 and a 200-day moving average of $182.98. The stock has a market cap of $164.09 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.28 and a beta of 1.23. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.71. American Express has a 1-year low of $140.91 and a 1-year high of $231.69.

American Express (NYSE:AXPGet Free Report) last announced its quarterly earnings results on Friday, January 26th. The payment services company reported $2.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.02). The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16 billion. American Express had a return on equity of 30.99% and a net margin of 13.84%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.07 EPS. On average, equities research analysts forecast that American Express will post 12.83 earnings per share for the current year.

American Express Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.18%. American Express’s dividend payout ratio is presently 21.41%.

Insider Activity

In related news, CEO Stephen J. Squeri sold 69,356 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $213.02, for a total transaction of $14,774,215.12. Following the completion of the sale, the chief executive officer now directly owns 122,158 shares of the company’s stock, valued at $26,022,097.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Laureen Seeger sold 84,420 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $212.98, for a total transaction of $17,979,771.60. Following the completion of the sale, the insider now directly owns 57,512 shares of the company’s stock, valued at $12,248,905.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen J. Squeri sold 69,356 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $213.02, for a total value of $14,774,215.12. Following the sale, the chief executive officer now directly owns 122,158 shares of the company’s stock, valued at $26,022,097.16. The disclosure for this sale can be found here. Insiders have sold 172,047 shares of company stock worth $36,528,388 over the last 90 days. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AXP. Oppenheimer lifted their price objective on American Express from $208.00 to $219.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Deutsche Bank Aktiengesellschaft started coverage on American Express in a report on Wednesday, January 10th. They set a “buy” rating and a $235.00 price objective on the stock. The Goldman Sachs Group boosted their target price on American Express from $186.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, December 18th. Royal Bank of Canada boosted their target price on American Express from $220.00 to $226.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Finally, Morgan Stanley cut American Express from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $212.00 to $222.00 in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Express has an average rating of “Hold” and a consensus price target of $193.68.

View Our Latest Report on AXP

American Express Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express (NYSE:AXPFree Report).

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

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.