Parkside Financial Bank & Trust Has $2.78 Million Stock Position in American Express (NYSE:AXP)

Parkside Financial Bank & Trust lifted its stake in American Express (NYSE:AXP) by 1.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,370 shares of the payment services company’s stock after purchasing an additional 121 shares during the quarter. Parkside Financial Bank & Trust’s holdings in American Express were worth $2,781,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AXP. Proficio Capital Partners LLC boosted its position in shares of American Express by 36,719.1% in the 4th quarter. Proficio Capital Partners LLC now owns 1,011,790 shares of the payment services company’s stock valued at $300,289,000 after purchasing an additional 1,009,042 shares during the period. FMR LLC boosted its position in shares of American Express by 8.5% in the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after purchasing an additional 866,110 shares during the period. World Investment Advisors LLC boosted its position in shares of American Express by 35,213.7% in the 3rd quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock valued at $86,002,000 after purchasing an additional 316,219 shares during the period. National Bank of Canada FI boosted its position in shares of American Express by 73.7% in the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock valued at $191,842,000 after purchasing an additional 300,138 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of American Express by 12.7% in the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock valued at $655,137,000 after purchasing an additional 247,864 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Down 0.7 %

AXP opened at $294.09 on Friday. The business has a 50 day moving average price of $307.39 and a 200 day moving average price of $285.99. American Express has a twelve month low of $214.51 and a twelve month high of $326.27. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The firm has a market cap of $206.61 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 1.41 and a beta of 1.24.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Research analysts forecast that American Express will post 15.33 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, January 3rd. American Express’s dividend payout ratio is presently 19.99%.

Insider Activity

In other American Express news, insider Raymond Joabar sold 15,179 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the sale, the insider now directly owns 23,866 shares in the company, valued at $7,492,492.04. This represents a 38.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the sale, the insider now owns 13,500 shares in the company, valued at $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Monday, January 27th. Compass Point reduced their price objective on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Monness Crespi & Hardt increased their price objective on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, StockNews.com downgraded American Express from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, American Express presently has an average rating of “Hold” and a consensus price target of $296.38.

American Express Company 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.