Aquamarine Capital Management LLC held its stake in American Express Co. (NYSE:AXP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,430 shares of the payment services company’s stock at the end of the third quarter. American Express accounts for about 13.9% of Aquamarine Capital Management LLC’s portfolio, making the stock its 2nd largest position. Aquamarine Capital Management LLC’s holdings in American Express were worth $17,446,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AXP. First Citizens Bank & Trust Co. raised its position in shares of American Express by 0.3% in the third quarter. First Citizens Bank & Trust Co. now owns 4,256 shares of the payment services company’s stock valued at $273,000 after buying an additional 11 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of American Express by 0.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,607 shares of the payment services company’s stock valued at $158,000 after buying an additional 12 shares during the period. Assetmark Inc. raised its position in shares of American Express by 0.9% in the second quarter. Assetmark Inc. now owns 3,217 shares of the payment services company’s stock valued at $195,000 after buying an additional 29 shares during the period. Alpha Windward LLC raised its position in shares of American Express by 1.3% in the third quarter. Alpha Windward LLC now owns 2,392 shares of the payment services company’s stock valued at $153,000 after buying an additional 31 shares during the period. Finally, Institutional & Family Asset Management LLC raised its position in shares of American Express by 1.1% in the second quarter. Institutional & Family Asset Management LLC now owns 4,114 shares of the payment services company’s stock valued at $250,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 80.82% of the company’s stock.

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

American Express Co. (NYSE:AXP) traded up 0.81% during mid-day trading on Wednesday, reaching $72.07. 1,052,375 shares of the company’s stock were exchanged. The stock has a market cap of $65.96 billion, a price-to-earnings ratio of 12.81 and a beta of 1.19. The stock has a 50-day moving average of $67.04 and a 200-day moving average of $64.69. American Express Co. has a one year low of $50.27 and a one year high of $73.18.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Stockholders of record on Friday, January 6th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, January 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.79%. American Express’s dividend payout ratio (DPR) is presently 22.70%.

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AXP has been the topic of several recent analyst reports. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, October 24th. Vetr lowered shares of American Express from a “sell” rating to a “strong sell” rating and set a $64.38 price objective on the stock. in a research note on Tuesday, November 15th. Piper Jaffray Cos. reaffirmed a “hold” rating and issued a $71.00 price target on shares of American Express in a research note on Wednesday, September 7th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $74.00 price target on shares of American Express in a research note on Monday, September 12th. Finally, Atlantic Securities assumed coverage on shares of American Express in a research note on Friday, September 9th. They issued an “underweight” rating and a $62.00 price target on the stock. Eight equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the stock. American Express has an average rating of “Hold” and a consensus target price of $67.65.

In related news, insider Susan Sobbott sold 19,186 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 56,870 shares in the company, valued at approximately $4,006,491.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ashwini Gupta sold 140,808 shares of the business’s stock in a transaction that occurred on Friday, October 21st. The stock was sold at an average price of $67.18, for a total value 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 disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

American Express Company Profile

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

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