Evermay Wealth Management LLC Has $470,000 Position in American Express (AXP)
Evermay Wealth Management LLC lifted its stake in shares of American Express (NYSE:AXP) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,737 shares of the payment services company’s stock after purchasing an additional 985 shares during the quarter. Evermay Wealth Management LLC’s holdings in American Express were worth $470,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in AXP. Capital Analysts LLC bought a new stake in shares of American Express during the 2nd quarter valued at $115,000. Zions Bancorporation raised its stake in shares of American Express by 912.9% during the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock valued at $121,000 after purchasing an additional 1,205 shares during the period. Westside Investment Management Inc. raised its stake in shares of American Express by 0.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock valued at $129,000 after purchasing an additional 8 shares during the period. WFG Advisors LP raised its stake in shares of American Express by 38.8% during the 2nd quarter. WFG Advisors LP now owns 1,568 shares of the payment services company’s stock valued at $132,000 after purchasing an additional 438 shares during the period. Finally, Fusion Family Wealth LLC bought a new stake in shares of American Express during the 4th quarter valued at $146,000. Institutional investors own 83.37% of the company’s stock.
In other news, insider James Peter Bush sold 13,548 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $97.60, for a total value of $1,322,284.80. Following the completion of the sale, the insider now owns 90,052 shares of the company’s stock, valued at approximately $8,789,075.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Michael John O’neill sold 43,741 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $98.85, for a total value of $4,323,797.85. Following the completion of the sale, the executive vice president now directly owns 43,731 shares of the company’s stock, valued at approximately $4,322,809.35. The disclosure for this sale can be found here. Insiders sold a total of 326,110 shares of company stock valued at $31,858,001 over the last quarter. Company insiders own 0.67% of the company’s stock.
American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.04. American Express had a return on equity of 26.07% and a net margin of 8.08%. The firm had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the business earned $0.91 EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. research analysts anticipate that American Express will post 7.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 5th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Thursday, January 4th. American Express’s payout ratio is currently 48.28%.
A number of research firms recently issued reports on AXP. Barclays set a $93.00 price objective on American Express and gave the company a “hold” rating in a research note on Thursday, October 19th. Bank of America boosted their price objective on American Express from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Jefferies Group restated an “in-line” rating and set a $93.00 target price (up from $85.00) on shares of American Express in a research report on Thursday, October 19th. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Wednesday, January 3rd. Finally, Instinet started coverage on American Express in a research report on Wednesday, January 3rd. They set a “buy” rating and a $110.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $101.56.
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American Express Profile
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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