Nisa Investment Advisors LLC reduced its position in American Express Co. (NYSE:AXP) by 0.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 368,733 shares of the payment services company’s stock after selling 148 shares during the period. Nisa Investment Advisors LLC’s holdings in American Express were worth $23,614,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AXP. Iowa State Bank boosted its position in shares of American Express by 4.1% in the second quarter. Iowa State Bank now owns 19,438 shares of the payment services company’s stock worth $1,181,000 after buying an additional 760 shares during the period. Kistler Tiffany Companies LLC boosted its position in shares of American Express by 13.6% in the second quarter. Kistler Tiffany Companies LLC now owns 2,625 shares of the payment services company’s stock worth $159,000 after buying an additional 315 shares during the period. Boltwood Capital Management boosted its position in shares of American Express by 1.9% in the second quarter. Boltwood Capital Management now owns 24,586 shares of the payment services company’s stock worth $1,494,000 after buying an additional 465 shares during the period. Stock Yards Bank & Trust Co. boosted its position in shares of American Express by 9.1% in the second quarter. Stock Yards Bank & Trust Co. now owns 6,002 shares of the payment services company’s stock worth $365,000 after buying an additional 499 shares during the period. Finally, Cacti Asset Management LLC boosted its position in shares of American Express by 0.3% in the second quarter. Cacti Asset Management LLC now owns 524,317 shares of the payment services company’s stock worth $31,858,000 after buying an additional 1,390 shares during the period. 80.82% of the stock is currently owned by institutional investors and hedge funds.

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

American Express Co. (NYSE:AXP) traded down 0.01% during mid-day trading on Tuesday, hitting $72.12. The company had a trading volume of 1,020,139 shares. American Express Co. has a 12 month low of $50.27 and a 12 month high of $73.18. The firm has a market capitalization of $66.01 billion, a P/E ratio of 12.81 and a beta of 1.19. The company has a 50-day moving average price of $67.04 and a 200 day moving average price of $64.69.

American Express (NYSE:AXP) last issued its quarterly earnings results on Wednesday, October 19th. The payment services company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.28. American Express had a return on equity of 27.84% and a net margin of 16.67%. The company earned $7.80 billion during the quarter, compared to analysts’ expectations of $7.70 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. Equities analysts forecast that American Express Co. will post $5.73 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Friday, January 6th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, January 4th. This represents a $1.28 dividend on an annualized basis and a yield of 1.76%. American Express’s dividend payout ratio is currently 22.70%.

WARNING: “Nisa Investment Advisors LLC Has $23,614,000 Stake in American Express Co. (AXP)” was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/29/nisa-investment-advisors-llc-has-23614000-stake-in-american-express-co-axp.html.

AXP has been the topic of a number of analyst reports. Citigroup Inc. reaffirmed a “buy” rating on shares of American Express in a research note on Wednesday, August 10th. Piper Jaffray Cos. reissued a “hold” rating and set a $71.00 target price on shares of American Express in a research note on Wednesday, September 7th. Atlantic Securities started coverage on American Express in a research note on Friday, September 9th. They set an “underweight” rating and a $62.00 target price on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $74.00 target price on shares of American Express in a research note on Monday, September 12th. Finally, Credit Suisse Group AG reissued a “sell” rating and set a $62.00 target price on shares of American Express in a research note on Friday, September 16th. Eight investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $67.65.

In other American Express news, insider Ashwini Gupta sold 140,808 shares of American Express stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $67.18, for a total transaction of $9,459,481.44. Following the completion of the sale, the insider now owns 239,718 shares of the company’s stock, valued at approximately $16,104,255.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Sobbott sold 19,186 shares of American Express stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $70.45, for a total value of $1,351,653.70. Following the sale, the insider now directly owns 56,870 shares of the company’s stock, valued at approximately $4,006,491.50. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

About American Express

American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

5 Day Chart for NYSE:AXP

Receive News & Stock Ratings for American Express Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express Co. and related stocks with our FREE daily email newsletter.