Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of American Express Company (NYSE:AXP) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,449 shares of the payment services company’s stock after purchasing an additional 4,749 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in American Express were worth $11,891,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC boosted its holdings in shares of American Express by 0.3% during the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after buying an additional 4 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of American Express by 30.4% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after buying an additional 300 shares during the period. Capital Analysts LLC bought a new stake in shares of American Express during the 2nd quarter worth about $115,000. MV Capital Management Inc. boosted its holdings in shares of American Express by 3.5% during the 2nd quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock worth $122,000 after buying an additional 49 shares during the period. Finally, Westside Investment Management Inc. boosted its holdings in shares of American Express by 36.7% during the 1st quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock worth $119,000 after buying an additional 410 shares during the period. Institutional investors own 83.51% of the company’s stock.

Several analysts recently commented on AXP shares. Keefe, Bruyette & Woods set a $95.00 target price on shares of American Express and gave the stock a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a report on Tuesday, August 29th. Morgan Stanley reduced their target price on shares of American Express from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Friday, September 8th. Buckingham Research assumed coverage on shares of American Express in a report on Monday, October 2nd. They set a “neutral” rating and a $92.00 target price for the company. Finally, Credit Suisse Group reissued a “sell” rating and issued a $79.00 price objective on shares of American Express in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company. American Express currently has an average rating of “Hold” and an average target price of $91.56.

In other news, insider Anre D. Williams sold 30,761 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the completion of the sale, the insider now owns 28,720 shares of the company’s stock, valued at approximately $2,682,735.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ashwini Gupta sold 90,658 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $94.71, for a total transaction of $8,586,219.18. Following 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. In the last ninety days, insiders have sold 343,870 shares of company stock valued at $33,094,717. 0.67% of the stock is currently owned by insiders.

Shares of American Express Company (NYSE:AXP) traded down $0.63 during trading on Friday, hitting $97.15. 3,464,800 shares of the stock were exchanged, compared to its average volume of 3,593,644. American Express Company has a 12 month low of $73.50 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. The company has a market cap of $84,872.67, a P/E ratio of 18.73, a PEG ratio of 1.63 and a beta of 1.22.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Thursday, January 4th. American Express’s dividend payout ratio (DPR) is presently 26.97%.

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American Express Company Profile

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).

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

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