Trust Co. of Toledo NA OH Sells 1,099 Shares of American Express (AXP)
Trust Co. of Toledo NA OH trimmed its position in shares of American Express (NYSE:AXP) by 10.9% in the 4th quarter, HoldingsChannel reports. The firm owned 9,019 shares of the payment services company’s stock after selling 1,099 shares during the period. Trust Co. of Toledo NA OH’s holdings in American Express were worth $896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of AXP. Beach Investment Management LLC. purchased a new position in shares of American Express during the 2nd quarter valued at approximately $678,000. One Capital Management LLC grew its stake in American Express by 4.7% in the 2nd quarter. One Capital Management LLC now owns 28,603 shares of the payment services company’s stock valued at $2,410,000 after acquiring an additional 1,291 shares during the period. Cobblestone Capital Advisors LLC NY grew its stake in American Express by 1.2% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 93,295 shares of the payment services company’s stock valued at $7,859,000 after acquiring an additional 1,061 shares during the period. Welch Group LLC grew its stake in American Express by 16.1% in the 2nd quarter. Welch Group LLC now owns 2,709 shares of the payment services company’s stock valued at $228,000 after acquiring an additional 375 shares during the period. Finally, Lincoln National Corp acquired a new stake in American Express in the 2nd quarter valued at $210,000. 83.37% of the stock is owned by hedge funds and other institutional investors.
Shares of American Express (AXP) opened at $94.18 on Wednesday. The stock has a market cap of $82,199.24, a PE ratio of 32.61, a P/E/G ratio of 1.30 and a beta of 1.19. American Express has a fifty-two week low of $75.51 and a fifty-two week high of $102.39. The company has a debt-to-equity ratio of 3.11, a current ratio of 2.37 and a quick ratio of 1.90.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 5th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.49%. American Express’s dividend payout ratio (DPR) is presently 48.28%.
In related news, insider James Peter Bush sold 13,356 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total transaction of $1,317,569.40. Following the sale, the insider now directly owns 100,790 shares in the company, valued at $9,942,933.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ashwini Gupta sold 57,306 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $95.04, for a total transaction of $5,446,362.24. The disclosure for this sale can be found here. Insiders have sold 326,110 shares of company stock worth $31,858,001 over the last quarter. Insiders own 0.67% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Instinet lifted their price target on shares of American Express from $91.72 to $108.00 and gave the company a “buy” rating in a research note on Monday. Nomura raised shares of American Express from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Monday. Morgan Stanley lifted their price target on shares of American Express from $108.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. TheStreet cut shares of American Express from a “b+” rating to a “c+” rating in a research note on Thursday, January 18th. Finally, Guggenheim cut shares of American Express from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $98.03 to $102.00 in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $102.68.
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American Express Company 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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