Cognios Capital LLC purchased a new position in American Express (NYSE:AXP) during the 1st quarter, Holdings Channel reports. The firm purchased 10,104 shares of the payment services company’s stock, valued at approximately $1,104,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AXP. Pearl River Capital LLC bought a new stake in shares of American Express during the fourth quarter valued at approximately $25,000. JNBA Financial Advisors bought a new stake in shares of American Express during the fourth quarter valued at approximately $26,000. Camarda Financial Advisors LLC bought a new stake in shares of American Express during the first quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV bought a new stake in shares of American Express during the first quarter valued at approximately $28,000. Finally, Clarfeld Financial Advisors LLC bought a new stake in shares of American Express during the fourth quarter valued at approximately $31,000. 83.65% of the stock is currently owned by institutional investors.

Shares of AXP opened at $122.00 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.63. American Express has a 12-month low of $89.05 and a 12-month high of $124.74. The firm has a market cap of $101.76 billion, a PE ratio of 16.64, a PEG ratio of 1.41 and a beta of 1.07.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, April 18th. The payment services company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.01. American Express had a return on equity of 29.86% and a net margin of 16.60%. The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.46 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts anticipate that American Express will post 8.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, July 3rd. American Express’s dividend payout ratio (DPR) is presently 21.28%.

In other news, insider Michael John O’neill sold 15,749 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $113.94, for a total transaction of $1,794,441.06. Following the transaction, the insider now owns 69,941 shares of the company’s stock, valued at $7,969,077.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey C. Campbell sold 6,500 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $122.93, for a total value of $799,045.00. Following the transaction, the chief financial officer now directly owns 68,379 shares in the company, valued at approximately $8,405,830.47. The disclosure for this sale can be found here. Insiders have sold 183,797 shares of company stock worth $21,861,060 in the last ninety days. 0.21% of the stock is currently owned by insiders.

Several analysts recently commented on AXP shares. UBS Group lowered American Express from a “buy” rating to a “neutral” rating and set a $117.60 price target on the stock. in a research note on Monday, April 29th. Oppenheimer set a $119.00 price target on American Express and gave the company a “buy” rating in a research note on Wednesday, April 17th. Morgan Stanley boosted their price target on American Express from $113.00 to $123.00 and gave the company an “equal weight” rating in a research note on Monday, April 22nd. DZ Bank lowered American Express from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Stephens set a $131.00 price target on American Express and gave the company a “buy” rating in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $116.63.

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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.

Further Reading: What is Forex?

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:AXP).

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

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