Orion Portfolio Solutions LLC Has $900,000 Holdings in American Express (NYSE:AXP)

Orion Portfolio Solutions LLC grew its holdings in American Express (NYSE:AXP) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,501 shares of the payment services company’s stock after buying an additional 207 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in American Express were worth $900,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Morgan Stanley grew its holdings in shares of American Express by 6.7% in the 2nd quarter. Morgan Stanley now owns 9,916,986 shares of the payment services company’s stock worth $1,638,584,000 after purchasing an additional 622,891 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of American Express by 6.2% in the 3rd quarter. Advisory Services Network LLC now owns 15,658 shares of the payment services company’s stock worth $2,624,000 after purchasing an additional 912 shares during the last quarter. Davis R M Inc. grew its holdings in American Express by 5.7% during the 3rd quarter. Davis R M Inc. now owns 2,006 shares of the payment services company’s stock worth $336,000 after acquiring an additional 109 shares during the last quarter. Marcum Wealth LLC bought a new stake in American Express during the 3rd quarter worth about $327,000. Finally, Synovus Financial Corp grew its holdings in American Express by 3.8% during the 3rd quarter. Synovus Financial Corp now owns 29,606 shares of the payment services company’s stock worth $4,960,000 after acquiring an additional 1,072 shares during the last quarter. Institutional investors own 85.49% of the company’s stock.

AXP has been the topic of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and set a $200.00 price objective on shares of American Express in a report on Wednesday, March 23rd. Barclays increased their price objective on shares of American Express from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 26th. Deutsche Bank Aktiengesellschaft upped their target price on shares of American Express from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, January 26th. Morgan Stanley upped their target price on shares of American Express from $218.00 to $223.00 and gave the company an “overweight” rating in a research report on Monday, March 28th. Finally, Wells Fargo & Company upped their target price on shares of American Express from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, January 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $196.47.

In other American Express news, insider Anre D. Williams sold 139,909 shares of the firm’s stock in a transaction that occurred on Wednesday, February 9th. The shares were sold at an average price of $196.82, for a total transaction of $27,536,889.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen J. Squeri sold 48,160 shares of the firm’s stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $178.38, for a total transaction of $8,590,780.80. Following the transaction, the chief executive officer now directly owns 31,285 shares of the company’s stock, valued at $5,580,618.30. The disclosure for this sale can be found here. Insiders have sold a total of 189,873 shares of company stock worth $36,472,992 over the last 90 days. Corporate insiders own 0.11% of the company’s stock.

Shares of NYSE:AXP opened at $177.82 on Thursday. The company has a market capitalization of $133.91 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 1.46 and a beta of 1.08. The firm’s 50 day simple moving average is $181.51 and its 200 day simple moving average is $176.68. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.63 and a quick ratio of 1.63. American Express has a fifty-two week low of $149.89 and a fifty-two week high of $199.55.

American Express (NYSE:AXPGet Rating) last announced its quarterly earnings results on Friday, April 22nd. The payment services company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.32. The business had revenue of $11.74 billion for the quarter, compared to the consensus estimate of $11.66 billion. American Express had a net margin of 17.49% and a return on equity of 33.35%. American Express’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same period last year, the company posted $1.74 EPS. Equities research analysts expect that American Express will post 9.78 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Friday, July 1st will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.17%. American Express’s dividend payout ratio (DPR) is currently 20.84%.

About American Express (Get Rating)

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

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

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