Papp L Roy & Associates reduced its stake in shares of American Express Company (NYSE:AXP) by 12.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,064 shares of the payment services company’s stock after selling 1,050 shares during the period. Papp L Roy & Associates’ holdings in American Express were worth $639,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MCF Advisors LLC raised its position 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 valued at $108,000 after buying an additional 4 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its position 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 valued at $109,000 after buying an additional 300 shares during the period. Capital Analysts LLC purchased a new stake in shares of American Express during the 2nd quarter valued at approximately $115,000. Westside Investment Management Inc. raised its position 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 valued at $119,000 after buying an additional 410 shares during the period. Finally, MV Capital Management Inc. raised its position 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 valued at $122,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 83.35% of the company’s stock.

In other news, insider Ashwini Gupta sold 90,658 shares of the company’s stock in a transaction 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 owns 289,996 shares of the company’s stock, valued at $27,465,521.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kenneth I. Chenault sold 96,440 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $97.30, for a total value of $9,383,612.00. Following the sale, the chief executive officer now directly owns 1,178,333 shares in the company, valued at approximately $114,651,800.90. The disclosure for this sale can be found here. Insiders have sold 440,310 shares of company stock worth $42,478,329 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Shares of American Express Company (AXP) opened at $98.51 on Thursday. American Express Company has a 12-month low of $73.50 and a 12-month high of $100.53. 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 firm has a market capitalization of $86,061.83, a price-to-earnings ratio of 18.99, a PEG ratio of 1.65 and a beta of 1.22.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, January 4th. American Express’s dividend payout ratio is currently 26.97%.

Several research firms have recently commented on AXP. Stephens set a $89.00 price target on shares of American Express and gave the company a “hold” rating in a research report on Thursday, October 19th. 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 target on the stock. Bank of America set a $128.00 price target on shares of American Express and gave the company a “buy” rating in a research report on Monday. Jefferies Group reaffirmed an “in-line” rating and set a $93.00 price target (up previously from $85.00) on shares of American Express in a research report on Thursday, October 19th. Finally, Barclays set a $93.00 target price on American Express and gave the company a “hold” rating in a research report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $92.44.

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American Express 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).

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

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