Spears Abacus Advisors LLC continued to hold its position in American Express Company (NYSE:AXP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,552 shares of the payment services company’s stock at the close of the 2nd quarter. Spears Abacus Advisors LLC’s holdings in American Express were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. MCF Advisors LLC increased its position in American Express by 0.3% during the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock valued at $108,000 after purchasing an additional 4 shares during the period. Appleton Partners Inc. MA increased its position in American Express by 0.3% during the 2nd quarter. Appleton Partners Inc. MA now owns 2,658 shares of the payment services company’s stock valued at $224,000 after purchasing an additional 8 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in American Express by 0.4% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,652 shares of the payment services company’s stock valued at $223,000 after purchasing an additional 11 shares during the period. Bath Savings Trust Co increased its position in American Express by 0.3% during the 2nd quarter. Bath Savings Trust Co now owns 4,388 shares of the payment services company’s stock valued at $369,000 after purchasing an additional 14 shares during the period. Finally, Accredited Investors Inc. increased its position in American Express by 0.5% during the 1st quarter. Accredited Investors Inc. now owns 3,174 shares of the payment services company’s stock valued at $251,000 after purchasing an additional 15 shares during the period. 84.12% of the stock is owned by institutional investors and hedge funds.

Shares of American Express Company (NYSE:AXP) opened at $93.56 on Friday. The company has a market capitalization of $80,949.33, a price-to-earnings ratio of 17.87, a PEG ratio of 1.55 and a beta of 1.22. American Express Company has a 52 week low of $70.77 and a 52 week high of $96.90. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90.

American Express (NYSE:AXP) last released its earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.03. The company had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 EPS. research analysts predict that American Express Company will post 5.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 6th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.50%. This is a boost from American Express’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, October 5th. American Express’s payout ratio is presently 26.97%.

Several brokerages have recently commented on AXP. Bank of America Corporation raised their price objective on shares of American Express from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Barclays PLC set a $93.00 price objective on shares of American Express and gave the stock a “hold” rating in a research report on Thursday, October 19th. Jefferies Group LLC reaffirmed an “in-line” rating and set a $93.00 price objective (up previously from $85.00) on shares of American Express in a research report on Thursday, October 19th. BidaskClub raised shares of American Express from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Buckingham Research began coverage on shares of American Express in a research report on Monday, October 2nd. They set a “neutral” rating and a $92.00 price objective for the company. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $91.56.

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In related news, insider Susan Sobbott sold 5,500 shares of American Express stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $94.34, for a total value of $518,870.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashwini Gupta sold 90,658 shares of American Express stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $94.71, for a total value of $8,586,219.18. Following the completion of the sale, the insider now directly owns 289,996 shares of the company’s stock, valued at approximately $27,465,521.16. The disclosure for this sale can be found here. Insiders have sold a total of 146,345 shares of company stock worth $13,716,103 over the last quarter. Company insiders own 0.67% of the company’s stock.

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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