Pictet & Cie Europe SA boosted its position in shares of American Express Company (NYSE:AXP) by 28.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,308 shares of the payment services company’s stock after buying an additional 2,700 shares during the period. Pictet & Cie Europe SA’s holdings in American Express were worth $1,113,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AXP. BlackRock Inc. lifted its stake in shares of American Express by 2,686.0% in the 1st quarter. BlackRock Inc. now owns 44,177,867 shares of the payment services company’s stock valued at $3,494,913,000 after purchasing an additional 42,592,136 shares during the last quarter. Veritas Asset Management LLP lifted its stake in shares of American Express by 15.2% in the 2nd quarter. Veritas Asset Management LLP now owns 10,303,201 shares of the payment services company’s stock valued at $867,942,000 after purchasing an additional 1,358,474 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of American Express in the 2nd quarter valued at approximately $101,526,000. Canada Pension Plan Investment Board lifted its stake in shares of American Express by 944,765.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,077,147 shares of the payment services company’s stock valued at $90,739,000 after purchasing an additional 1,077,033 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of American Express by 11,602.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 901,100 shares of the payment services company’s stock valued at $75,909,000 after purchasing an additional 893,400 shares during the last quarter. 83.35% of the stock is owned by institutional investors.

In other American Express news, insider James Peter Bush sold 10,230 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $90.55, for a total transaction of $926,326.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Anre D. Williams sold 30,761 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $93.41, for a total value of $2,873,385.01. Following the transaction, the insider now owns 28,720 shares in the company, valued at $2,682,735.20. The disclosure for this sale can be found here. Insiders have sold a total of 440,310 shares of company stock worth $42,478,329 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

Several research firms have recently issued reports on AXP. Bank of America raised their price objective on American Express from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Jefferies Group reaffirmed an “in-line” rating and issued a $93.00 price objective (up from $85.00) on shares of American Express in a research note on Thursday, October 19th. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Wednesday, November 1st. Wells Fargo & Co started coverage on American Express in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $105.00 price objective for the company. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $98.00 price target on shares of American Express in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. American Express currently has a consensus rating of “Hold” and a consensus price target of $94.04.

American Express Company (NYSE AXP) opened at $98.74 on Tuesday. The company has a market capitalization of $85,705.95, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22. American Express Company has a fifty-two week low of $73.50 and a fifty-two week high of $100.53. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31.

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

The company also recently disclosed 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 annualized dividend and a yield of 1.42%. American Express’s payout ratio is currently 26.97%.

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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).

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

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