Warren Averett Asset Management LLC decreased its stake in shares of American Express Company (NYSE:AXP) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,614 shares of the payment services company’s stock after selling 603 shares during the quarter. Warren Averett Asset Management LLC’s holdings in American Express were worth $1,774,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its holdings in shares of American Express by 15.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,245,247 shares of the payment services company’s stock valued at $112,645,000 after purchasing an additional 168,100 shares in the last quarter. Wright Investors Service Inc. raised its holdings in shares of American Express by 6.7% in the 3rd quarter. Wright Investors Service Inc. now owns 27,904 shares of the payment services company’s stock valued at $2,524,000 after purchasing an additional 1,759 shares in the last quarter. Brightworth bought a new stake in shares of American Express in the 3rd quarter valued at about $347,000. Westpac Banking Corp raised its holdings in shares of American Express by 2.2% in the 3rd quarter. Westpac Banking Corp now owns 243,683 shares of the payment services company’s stock valued at $22,044,000 after purchasing an additional 5,252 shares in the last quarter. Finally, Baillie Gifford & Co. raised its holdings in shares of American Express by 0.9% in the 3rd quarter. Baillie Gifford & Co. now owns 906,178 shares of the payment services company’s stock valued at $81,973,000 after purchasing an additional 7,796 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

Several equities research analysts have recently commented on the stock. Bank of America boosted their price target on shares of American Express from $102.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Barclays set a $93.00 price target on shares of American Express and gave the company a “hold” rating in a report on Thursday, October 19th. Jefferies Group restated an “in-line” rating and issued a $93.00 price target (up previously from $85.00) on shares of American Express in a report on Thursday, October 19th. Buckingham Research started coverage on shares of American Express in a report on Monday, October 2nd. They issued a “neutral” rating and a $92.00 price target for the company. Finally, Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company. American Express presently has an average rating of “Hold” and an average price target of $91.56.

In other American Express news, EVP Linda Zukauckas sold 3,196 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $95.42, for a total transaction of $304,962.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider James Peter Bush sold 13,548 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $97.60, for a total transaction of $1,322,284.80. Following the sale, the insider now directly owns 90,052 shares in the company, valued at approximately $8,789,075.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,199 shares of company stock worth $19,978,410. 0.67% of the stock is owned by insiders.

Shares of American Express Company (NYSE:AXP) opened at $99.37 on Wednesday. The firm has a market cap of $85,931.63, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22. American Express Company has a 12-month low of $73.11 and a 12-month high of $99.75. 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 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.03. The company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. American Express’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. equities analysts expect that American Express Company will post 5.86 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, January 4th. American Express’s dividend payout ratio is presently 26.97%.

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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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