Mutual of America Capital Management LLC lowered its stake in American Express Company (NYSE:AXP) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,393 shares of the payment services company’s stock after selling 1,807 shares during the period. Mutual of America Capital Management LLC’s holdings in American Express were worth $7,151,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. raised its stake in American Express by 577.0% in the first quarter. Thompson Davis & CO. Inc. now owns 6,885 shares of the payment services company’s stock valued at $545,000 after buying an additional 5,868 shares during the last quarter. State of Wisconsin Investment Board raised its stake in American Express by 1.2% in the first quarter. State of Wisconsin Investment Board now owns 996,152 shares of the payment services company’s stock valued at $78,806,000 after buying an additional 11,645 shares during the last quarter. State of Tennessee Treasury Department raised its stake in American Express by 40.8% in the first quarter. State of Tennessee Treasury Department now owns 606,559 shares of the payment services company’s stock valued at $47,985,000 after buying an additional 175,774 shares during the last quarter. Zweig DiMenna Associates LLC bought a new stake in American Express during the first quarter valued at about $261,000. Finally, Virginia Retirement Systems ET AL bought a new stake in American Express during the first quarter valued at about $1,930,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

American Express Company (NYSE:AXP) traded up 0.50% during midday trading on Friday, reaching $85.97. The company’s stock had a trading volume of 2,840,245 shares. The company has a market cap of $76.00 billion, a PE ratio of 17.63 and a beta of 1.18. American Express Company has a 12 month low of $59.50 and a 12 month high of $86.33. The stock has a 50-day moving average price of $83.91 and a 200 day moving average price of $79.79.

American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, July 19th. The payment services company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.03. The business had revenue of $8.31 billion during the quarter, compared to the consensus estimate of $8.20 billion. American Express had a net margin of 14.11% and a return on equity of 21.90%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.10 earnings per share. Analysts expect that American Express Company will post $5.74 earnings per share for the current fiscal year.

American Express declared that its Board of Directors has approved a stock repurchase plan on Wednesday, June 28th that permits the company to buyback $4.40 billion in shares. This buyback authorization permits the payment services company to purchase up to 5.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

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Several analysts recently issued reports on the company. BidaskClub lowered American Express from a “hold” rating to a “sell” rating in a report on Tuesday. Sanford C. Bernstein reiterated an “outperform” rating and set a $100.00 target price (up previously from $99.00) on shares of American Express in a report on Saturday, July 22nd. Jefferies Group LLC reissued a “hold” rating and set a $85.00 price target on shares of American Express in a research report on Saturday, July 22nd. Guggenheim reissued a “buy” rating and set a $95.00 price target (up previously from $90.00) on shares of American Express in a research report on Saturday, July 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $94.00 price target (up previously from $87.00) on shares of American Express in a research report on Saturday, July 22nd. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. American Express currently has a consensus rating of “Hold” and an average target price of $84.77.

In other American Express news, Vice Chairman Stephen J. Squeri sold 94,792 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $85.41, for a total value of $8,096,184.72. Following the completion of the sale, the insider now directly owns 261,665 shares of the company’s stock, valued at $22,348,807.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kenneth I. Chenault sold 789,503 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $84.62, for a total transaction of $66,807,743.86. Following the completion of the sale, the chief executive officer now directly owns 889,836 shares of the company’s stock, valued at $75,297,922.32. The disclosure for this sale can be found here. Insiders sold 948,287 shares of company stock valued at $80,321,961 over the last three months. 0.67% of the stock is currently owned by insiders.

About American Express

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).

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

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