Neuberger Berman Group LLC decreased its position in shares of American Express (NYSE:AXP) by 22.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,090,210 shares of the payment services company’s stock after selling 318,268 shares during the quarter. Neuberger Berman Group LLC’s holdings in American Express were worth $119,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Papp L Roy & Associates raised its position in shares of American Express by 1.3% during the 1st quarter. Papp L Roy & Associates now owns 6,750 shares of the payment services company’s stock valued at $738,000 after buying an additional 86 shares in the last quarter. Enterprise Financial Services Corp raised its position in shares of American Express by 24.8% during the 1st quarter. Enterprise Financial Services Corp now owns 473 shares of the payment services company’s stock valued at $51,000 after buying an additional 94 shares in the last quarter. Brandywine Oak Private Wealth LLC raised its position in shares of American Express by 3.8% during the 1st quarter. Brandywine Oak Private Wealth LLC now owns 2,654 shares of the payment services company’s stock valued at $290,000 after buying an additional 97 shares in the last quarter. Bremer Trust National Association raised its position in shares of American Express by 2.6% during the 4th quarter. Bremer Trust National Association now owns 3,991 shares of the payment services company’s stock valued at $380,000 after buying an additional 100 shares in the last quarter. Finally, Rockland Trust Co. raised its position in shares of American Express by 1.6% during the 1st quarter. Rockland Trust Co. now owns 6,169 shares of the payment services company’s stock valued at $674,000 after buying an additional 100 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Shares of NYSE:AXP opened at $122.00 on Friday. The stock has a market cap of $101.88 billion, a P/E ratio of 16.64, a PEG ratio of 1.41 and a beta of 1.07. American Express has a 12 month low of $89.05 and a 12 month high of $124.74. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.88 and a current ratio of 1.88.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 18th. The payment services company reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $2.00 by $0.01. The business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.46 billion. American Express had a net margin of 16.60% and a return on equity of 29.86%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 EPS. On average, equities analysts forecast that American Express will post 8.12 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 1.28%. American Express’s dividend payout ratio is currently 21.28%.

Several brokerages have recently issued reports on AXP. ValuEngine upgraded shares of American Express from a “hold” rating to a “buy” rating in a research report on Monday, May 20th. Stephens set a $131.00 price target on shares of American Express and gave the company a “buy” rating in a report on Monday, May 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of American Express in a report on Friday, May 3rd. UBS Group downgraded shares of American Express from a “buy” rating to a “neutral” rating and set a $117.60 price target on the stock. in a report on Monday, April 29th. Finally, Morgan Stanley upgraded shares of American Express from an “equal weight” rating to an “overweight” rating and set a $140.00 price target on the stock in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $116.63.

In other American Express news, CFO Jeffrey C. Campbell sold 6,500 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $122.93, for a total value of $799,045.00. Following the transaction, the chief financial officer now directly owns 68,379 shares in the company, valued at approximately $8,405,830.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael John O’neill sold 15,749 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $113.94, for a total transaction of $1,794,441.06. Following the completion of the transaction, the insider now owns 69,941 shares in the company, valued at $7,969,077.54. The disclosure for this sale can be found here. Insiders sold a total of 183,797 shares of company stock worth $21,861,060 over the last 90 days. Insiders own 0.21% of the company’s stock.

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About American Express

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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