Latest Stocks: American Express Company (AXP) Shares Bought by Blue Fin Capital Inc.

Latest Stocks: American Express Company (AXP) Shares Bought by Blue Fin Capital Inc.

Blue Fin Capital Inc. increased its position in shares of American Express Company (NYSE:AXP) by 1.0% during the first quarter, Holdings Channel reports. The firm owned 8,739 shares of the payment services company’s stock after buying an additional 84 shares during the period. Blue Fin Capital Inc.’s holdings in American Express Company were worth $691,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Stoneridge Investment Partners LLC acquired a new position in shares of American Express Company during the first quarter worth about $3,190,000. Great West Life Assurance Co. Can boosted its position in shares of American Express Company by 2.3% in the first quarter. Great West Life Assurance Co. Can now owns 904,816 shares of the payment services company’s stock worth $71,554,000 after buying an additional 19,973 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of American Express Company by 3.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 139,044 shares of the payment services company’s stock worth $11,000,000 after buying an additional 5,036 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of American Express Company during the first quarter worth about $444,000. Finally, Wright Investors Service Inc. boosted its position in shares of American Express Company by 17.0% in the first quarter. Wright Investors Service Inc. now owns 25,895 shares of the payment services company’s stock worth $2,049,000 after buying an additional 3,770 shares in the last quarter. 81.71% of the stock is owned by hedge funds and other institutional investors.

Shares of American Express Company (NYSE:AXP) opened at 78.97 on Tuesday. American Express Company has a 12 month low of $57.15 and a 12 month high of $82.00. The company has a market cap of $70.58 billion, a PE ratio of 14.25 and a beta of 1.19. The stock has a 50 day moving average of $78.16 and a 200-day moving average of $77.13.

American Express Company (NYSE:AXP) last issued its earnings results on Wednesday, April 19th. The payment services company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.28 by $0.06. The business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.76 billion. American Express Company had a return on equity of 33.49% and a net margin of 16.63%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS. Equities analysts forecast that American Express Company will post $5.69 earnings per share for the current year.

A number of equities research analysts recently issued reports on AXP shares. Wells Fargo & Co reiterated a “market perform” rating and set a $80.00 target price on shares of American Express Company in a research report on Sunday, May 21st. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of American Express Company in a research report on Wednesday, February 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $91.00 target price on shares of American Express Company in a research report on Monday, April 10th. DA Davidson increased their target price on shares of American Express Company from $80.00 to $84.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 14th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $84.00 target price on shares of American Express Company in a research report on Thursday, June 1st. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company’s stock. American Express Company presently has an average rating of “Hold” and an average price target of $82.71. In other American Express Company news, insider Douglas E. Buckminster sold 46,950 shares of American Express Company stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $80.78, for a total value of $3,792,621.00. Following the transaction, the insider now directly owns 103,676 shares of the company’s stock, valued at approximately $8,374,947.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marc D. Gordon sold 4,900 shares of American Express Company stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $76.98, for a total value of $377,202.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,850 shares of company stock worth $4,407,543. 0.78% of the stock is currently owned by insiders.

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP).

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