Seeyond reduced its position in American Express (NYSE:AXP) by 2.0% in the 2nd quarter, Holdings Channel reports. The firm owned 12,068 shares of the payment services company’s stock after selling 246 shares during the period. Seeyond’s holdings in American Express were worth $1,490,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Coastal Investment Advisors Inc. boosted its holdings in shares of American Express by 15.3% in the second quarter. Coastal Investment Advisors Inc. now owns 9,108 shares of the payment services company’s stock valued at $1,127,000 after acquiring an additional 1,208 shares in the last quarter. Aperio Group LLC boosted its holdings in American Express by 3.1% in the 2nd quarter. Aperio Group LLC now owns 566,433 shares of the payment services company’s stock valued at $69,920,000 after purchasing an additional 16,907 shares in the last quarter. Aft Forsyth & Company Inc. boosted its holdings in American Express by 1.1% in the 2nd quarter. Aft Forsyth & Company Inc. now owns 9,181 shares of the payment services company’s stock valued at $1,133,000 after purchasing an additional 100 shares in the last quarter. Ballentine Partners LLC increased its position in American Express by 12.5% during the 2nd quarter. Ballentine Partners LLC now owns 6,115 shares of the payment services company’s stock worth $755,000 after purchasing an additional 680 shares during the period. Finally, M Holdings Securities Inc. increased its position in American Express by 37.2% during the 1st quarter. M Holdings Securities Inc. now owns 4,779 shares of the payment services company’s stock worth $522,000 after purchasing an additional 1,295 shares during the period. 83.89% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on AXP. JPMorgan Chase & Co. reduced their price target on American Express from $135.00 to $132.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Wells Fargo & Co lifted their price target on American Express from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Morgan Stanley set a $142.00 price objective on American Express and gave the stock a “buy” rating in a report on Friday, August 9th. BMO Capital Markets increased their price objective on American Express to $119.00 and gave the stock a “market perform” rating in a research report on Monday, July 22nd. Finally, Royal Bank of Canada raised their target price on American Express from $120.00 to $125.00 and gave the company a “sector perform” rating in a report on Monday, July 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. American Express presently has an average rating of “Hold” and an average price target of $124.49.

In related news, CFO Jeffrey C. Campbell sold 7,045 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $124.91, for a total value of $879,990.95. Following the sale, the chief financial officer now directly owns 59,620 shares of the company’s stock, valued at $7,447,134.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen J. Squeri sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $118.33, for a total transaction of $1,774,950.00. Following the completion of the sale, the chief executive officer now owns 199,609 shares of the company’s stock, valued at $23,619,732.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,500 shares of company stock valued at $4,618,653. Company insiders own 0.21% of the company’s stock.

NYSE AXP traded up $0.55 during mid-day trading on Wednesday, reaching $117.86. 134,031 shares of the stock were exchanged, compared to its average volume of 3,312,001. The stock has a market capitalization of $97.33 billion, a PE ratio of 16.08, a PEG ratio of 1.35 and a beta of 1.06. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.84 and a current ratio of 1.84. American Express has a 1-year low of $89.05 and a 1-year high of $129.34. The business’s fifty day simple moving average is $122.70 and its 200 day simple moving average is $118.32.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 19th. The payment services company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.02. American Express had a return on equity of 29.75% and a net margin of 16.60%. The company had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.82 billion. During the same quarter in the prior year, the company posted $1.84 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts anticipate that American Express will post 8.14 EPS for the current year.

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.

Featured Story: How to track put option volume

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express (NYSE:AXP).

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

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.