Morningstar Investment Services LLC lowered its holdings in shares of American Express (NYSE:AXP) by 5.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 342,499 shares of the payment services company’s stock after selling 20,104 shares during the period. Morningstar Investment Services LLC’s holdings in American Express were worth $32,647,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Pearl River Capital LLC bought a new stake in American Express in the 4th quarter worth $25,000. JNBA Financial Advisors bought a new stake in American Express in the 4th quarter worth $26,000. Capital Investment Advisory Services LLC bought a new stake in American Express in the 4th quarter worth $37,000. Vigilant Capital Management LLC bought a new stake in American Express in the 4th quarter worth $38,000. Finally, WESPAC Advisors SoCal LLC grew its holdings in American Express by 305.0% in the 4th quarter. WESPAC Advisors SoCal LLC now owns 405 shares of the payment services company’s stock worth $39,000 after acquiring an additional 305 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors.

In related news, Chairman Stephen J. Squeri sold 12,500 shares of American Express stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $103.02, for a total transaction of $1,287,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Petrino sold 2,444 shares of American Express stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $107.11, for a total transaction of $261,776.84. Following the transaction, the executive vice president now directly owns 7,591 shares of the company’s stock, valued at $813,072.01. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

A number of brokerages have issued reports on AXP. Buckingham Research lowered shares of American Express from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a report on Thursday, November 29th. They noted that the move was a valuation call. Bank of America reissued a “neutral” rating and issued a $108.00 price target on shares of American Express in a report on Thursday, March 14th. Wells Fargo & Co reissued a “buy” rating and issued a $125.00 price target (up previously from $115.00) on shares of American Express in a report on Tuesday, March 12th. William Blair reissued an “outperform” rating on shares of American Express in a report on Friday, December 14th. Finally, Barclays set a $118.00 price target on shares of American Express and gave the stock a “hold” rating in a report on Friday, December 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. American Express currently has an average rating of “Hold” and a consensus price target of $111.66.

Shares of AXP opened at $113.55 on Tuesday. The stock has a market cap of $95.74 billion, a PE ratio of 15.49, a P/E/G ratio of 1.32 and a beta of 1.11. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.93 and a current ratio of 1.93. American Express has a 1-year low of $89.05 and a 1-year high of $114.55.

American Express (NYSE:AXP) last announced its earnings results on Thursday, January 17th. The payment services company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.06). The company had revenue of $10.47 billion for the quarter, compared to the consensus estimate of $10.54 billion. American Express had a net margin of 17.08% and a return on equity of 30.35%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 EPS. Research analysts expect that American Express will post 8.16 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s payout ratio is 21.28%.

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American Express Company Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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

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