Mraz Amerine & Associates Inc. lowered its stake in shares of American Express (NYSE:AXP) by 10.8% in the fourth quarter, Holdings Channel reports. The firm owned 8,244 shares of the payment services company’s stock after selling 1,002 shares during the period. Mraz Amerine & Associates Inc.’s holdings in American Express were worth $819,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of American Express by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 50,233,957 shares of the payment services company’s stock worth $4,231,710,000 after buying an additional 731,428 shares during the last quarter. BlackRock Inc. boosted its stake in shares of American Express by 1.1% in the 2nd quarter. BlackRock Inc. now owns 44,685,897 shares of the payment services company’s stock worth $3,764,339,000 after buying an additional 508,030 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of American Express by 0.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 16,342,822 shares of the payment services company’s stock worth $1,376,719,000 after buying an additional 103,546 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of American Express by 2.8% in the 4th quarter. Fisher Asset Management LLC now owns 11,872,530 shares of the payment services company’s stock worth $1,179,061,000 after buying an additional 325,140 shares during the last quarter. Finally, Veritas Asset Management LLP boosted its stake in shares of American Express by 7.1% in the 3rd quarter. Veritas Asset Management LLP now owns 11,039,153 shares of the payment services company’s stock worth $998,602,000 after buying an additional 735,952 shares during the last quarter. Institutional investors and hedge funds own 83.56% of the company’s stock.

A number of equities analysts have recently weighed in on AXP shares. Barclays boosted their target price on American Express from $112.00 to $119.00 in a research note on Friday, January 19th. Oppenheimer set a $99.00 price target on shares of American Express and gave the stock a “buy” rating in a report on Thursday, October 19th. Bank of America lifted their price target on shares of American Express from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $116.00 price target on shares of American Express in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $101.56.

In other news, insider Susan Sobbott sold 5,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $94.34, for a total value of $518,870.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James Peter Bush sold 13,356 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $98.65, for a total transaction of $1,317,569.40. Following the completion of the transaction, the insider now directly owns 100,790 shares in the company, valued at approximately $9,942,933.50. The disclosure for this sale can be found here. Insiders have sold a total of 331,610 shares of company stock worth $32,376,871 in the last three months. Insiders own 0.67% of the company’s stock.

Shares of American Express (NYSE:AXP) opened at $94.18 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 1.90 and a debt-to-equity ratio of 3.11. American Express has a 1-year low of $75.51 and a 1-year high of $102.39. The stock has a market cap of $79,864.34, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19.

American Express (NYSE:AXP) last issued its earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.04. American Express had a net margin of 8.08% and a return on equity of 26.07%. The business had revenue of $8.84 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. equities research analysts forecast that American Express will post 7.15 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.49%. American Express’s payout ratio is 48.28%.

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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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