Bokf Na Has $5.84 Million Stake in American Express (NYSE:AXP)

Bokf Na decreased its stake in American Express (NYSE:AXP) by 9.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,663 shares of the payment services company’s stock after selling 2,672 shares during the quarter. Bokf Na’s holdings in American Express were worth $5,841,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC lifted its stake in American Express by 0.3% in the fourth quarter. Venture Visionary Partners LLC now owns 23,211 shares of the payment services company’s stock valued at $4,349,000 after buying an additional 65 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its stake in American Express by 5.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 11,587 shares of the payment services company’s stock valued at $2,171,000 after buying an additional 609 shares during the period. Cerity Partners LLC raised its position in shares of American Express by 417.3% during the fourth quarter. Cerity Partners LLC now owns 415,696 shares of the payment services company’s stock worth $77,876,000 after purchasing an additional 335,338 shares during the period. Cullen Investment Group LTD. acquired a new stake in shares of American Express during the fourth quarter worth about $2,460,000. Finally, J.W. Cole Advisors Inc. raised its position in shares of American Express by 35.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 9,806 shares of the payment services company’s stock worth $1,837,000 after purchasing an additional 2,572 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other American Express news, EVP Quinn Jessica Lieberman sold 3,141 shares of American Express stock in a transaction on Monday, May 6th. The stock was sold at an average price of $232.36, for a total value of $729,842.76. Following the completion of the transaction, the executive vice president now directly owns 258 shares of the company’s stock, valued at approximately $59,948.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Quinn Jessica Lieberman sold 3,141 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $232.36, for a total transaction of $729,842.76. Following the completion of the transaction, the executive vice president now owns 258 shares of the company’s stock, valued at approximately $59,948.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anna Marrs sold 3,592 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $230.93, for a total value of $829,500.56. Following the sale, the insider now owns 19,932 shares in the company, valued at approximately $4,602,896.76. The disclosure for this sale can be found here. Insiders sold 138,844 shares of company stock valued at $32,404,735 in the last three months. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AXP. StockNews.com raised American Express from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. BMO Capital Markets raised their price target on American Express from $167.00 to $175.00 and gave the stock an “underperform” rating in a research report on Monday, April 22nd. HSBC raised their price target on American Express from $232.00 to $239.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. raised their price target on American Express from $240.00 to $268.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Finally, Wells Fargo & Company lifted their target price on American Express from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $230.70.

American Express Stock Performance

AXP traded up $5.71 during trading on Friday, hitting $245.89. The stock had a trading volume of 2,174,459 shares, compared to its average volume of 2,695,599. The company has a 50 day moving average price of $236.19 and a 200-day moving average price of $223.92. The firm has a market cap of $174.81 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.38 and a beta of 1.21. American Express has a one year low of $140.91 and a one year high of $253.73. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.66 and a quick ratio of 1.62.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 19th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.23. The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.60 billion. American Express had a return on equity of 32.94% and a net margin of 15.53%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.89 EPS. As a group, research analysts predict that American Express will post 13.24 EPS for the current year.

American Express Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a $0.70 dividend. The ex-dividend date is Friday, July 5th. This is a boost from American Express’s previous quarterly dividend of $0.10. This represents a $2.80 annualized dividend and a yield of 1.14%. American Express’s payout ratio is currently 23.06%.

American Express Profile

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.