Beck Mack & Oliver LLC decreased its position in shares of American Express Company (NYSE:AXP) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,538 shares of the payment services company’s stock after selling 13,432 shares during the period. Beck Mack & Oliver LLC’s holdings in American Express Company were worth $29,709,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. SeaBridge Investment Advisors LLC acquired a new stake in American Express Company during the first quarter valued at about $100,000. FNY Partners Fund LP acquired a new stake in American Express Company during the fourth quarter valued at about $111,000. Sowell Financial Services LLC acquired a new stake in American Express Company during the fourth quarter valued at about $128,000. Capital Guardian Trust Co. raised its stake in American Express Company by 23.6% in the fourth quarter. Capital Guardian Trust Co. now owns 1,717 shares of the payment services company’s stock valued at $127,000 after buying an additional 328 shares during the last quarter. Finally, Massey Quick & Co. LLC acquired a new stake in American Express Company during the fourth quarter valued at about $148,000. 81.71% of the stock is owned by institutional investors.

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

American Express Company (NYSE:AXP) opened at 77.46 on Friday. The stock’s 50 day moving average is $78.02 and its 200 day moving average is $76.65. 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 $69.23 billion, a P/E ratio of 13.98 and a beta of 1.19.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Friday, July 7th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Wednesday, July 5th. American Express Company’s dividend payout ratio is presently 22.74%.

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Several equities research analysts recently issued reports on AXP shares. Vetr lowered shares of American Express Company from a “strong-buy” rating to a “buy” rating and set a $88.60 price objective for the company. in a research note on Monday, March 13th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of American Express Company in a research note on Wednesday, February 8th. Zacks Investment Research raised shares of American Express Company from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Thursday, March 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $91.00 price objective on shares of American Express Company in a research note on Monday, April 10th. Finally, Guggenheim raised shares of American Express Company from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $81.05 to $90.00 in a research note on Tuesday, April 25th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company’s stock. American Express Company has a consensus rating of “Hold” and a consensus target price of $82.53.

In other news, EVP Marc D. Gordon sold 4,900 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $76.98, for a total transaction of $377,202.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas E. Buckminster sold 3,000 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $79.24, for a total transaction of $237,720.00. Following the sale, the insider now owns 55,486 shares of the company’s stock, valued at approximately $4,396,710.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,850 shares of company stock valued at $4,407,543. 0.78% of the stock is currently owned by corporate insiders.

About American Express Company

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

12 Month Chart for NYSE:AXP

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