Northstar Group Inc. lessened its holdings in shares of American Express Company (NYSE:AXP) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,660 shares of the payment services company’s stock after selling 284 shares during the quarter. Northstar Group Inc.’s holdings in American Express were worth $1,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. MCF Advisors LLC raised its holdings in shares of American Express by 0.5% during the first quarter. MCF Advisors LLC now owns 1,282 shares of the payment services company’s stock valued at $101,000 after acquiring an additional 6 shares in the last quarter. SpiderRock Advisors LLC bought a new position in shares of American Express during the first quarter valued at approximately $112,000. SRS Capital Advisors Inc. raised its holdings in shares of American Express by 10.3% during the first quarter. SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company’s stock valued at $116,000 after acquiring an additional 138 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of American Express by 36.7% during the first quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock valued at $119,000 after acquiring an additional 410 shares in the last quarter. Finally, City Holding Co. raised its holdings in shares of American Express by 2.7% during the second quarter. City Holding Co. now owns 1,572 shares of the payment services company’s stock valued at $132,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 82.77% of the company’s stock.

A number of equities analysts have issued reports on AXP shares. BMO Capital Markets reiterated a “hold” rating and issued a $84.00 price objective on shares of American Express in a report on Thursday, June 1st. Zacks Investment Research downgraded American Express from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Credit Suisse Group reiterated a “sell” rating on shares of American Express in a report on Wednesday, July 19th. Morgan Stanley decreased their price objective on American Express from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Friday, September 8th. Finally, BidaskClub downgraded American Express from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $86.29.

In other news, insider Paul D. Fabara sold 5,981 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $85.88, for a total value of $513,648.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Susan Sobbott sold 6,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $84.39, for a total value of $506,340.00. The disclosure for this sale can be found here. Insiders sold 949,387 shares of company stock worth $80,451,099 in the last 90 days. Company insiders own 0.67% of the company’s stock.

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American Express Company (AXP) traded down 0.017% on Friday, reaching $88.405. The company’s stock had a trading volume of 1,141,282 shares. The company has a market capitalization of $78.15 billion, a price-to-earnings ratio of 18.131 and a beta of 1.18. American Express Company has a 1-year low of $59.50 and a 1-year high of $89.23. The firm’s 50 day moving average price is $85.80 and its 200-day moving average price is $81.62.

American Express (NYSE:AXP) last issued its earnings results on Wednesday, July 19th. The payment services company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.03. American Express had a return on equity of 21.90% and a net margin of 14.11%. The firm had revenue of $8.31 billion for the quarter, compared to the consensus estimate of $8.20 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. Equities analysts forecast that American Express Company will post $5.74 earnings per share for the current year.

American Express announced that its Board of Directors has approved a share repurchase program on Wednesday, June 28th that authorizes the company to repurchase $4.40 billion in outstanding shares. This repurchase authorization authorizes the payment services company to buy up to 5.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

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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