Systematic Financial Management LP decreased its holdings in American Express Company (NYSE:AXP) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,122 shares of the payment services company’s stock after selling 2,208 shares during the period. Systematic Financial Management LP’s holdings in American Express were worth $3,268,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. MCF Advisors LLC grew its holdings in shares of American Express by 0.3% in the second quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after acquiring an additional 4 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of American Express by 30.4% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after acquiring an additional 300 shares during the period. Capital Analysts LLC bought a new stake in shares of American Express in the second quarter worth $115,000. MV Capital Management Inc. grew its holdings in shares of American Express by 3.5% in the second quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock worth $122,000 after acquiring an additional 49 shares during the period. Finally, Westside Investment Management Inc. grew its holdings in shares of American Express by 0.5% in the second quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after acquiring an additional 8 shares during the period. 83.35% of the stock is owned by institutional investors and hedge funds.

American Express Company (NYSE:AXP) opened at $99.13 on Thursday. American Express Company has a 52-week low of $73.50 and a 52-week high of $100.53. The company has a market capitalization of $85,380.00, a PE ratio of 19.14, a PEG ratio of 1.65 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.90 and a quick ratio of 1.90.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 annualized dividend and a dividend yield of 1.41%. American Express’s payout ratio is 27.03%.

Several analysts recently commented on AXP shares. Zacks Investment Research lowered American Express from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Morgan Stanley cut their price objective on American Express from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Friday, September 8th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $84.00 price objective (up previously from $79.00) on shares of American Express in a report on Thursday, October 19th. Oppenheimer set a $99.00 price target on American Express and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Stephens set a $89.00 price target on American Express and gave the company a “hold” rating in a report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have issued a buy rating to the stock. American Express presently has an average rating of “Hold” and a consensus target price of $94.04.

In related news, insider James Peter Bush sold 10,230 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $90.55, for a total value of $926,326.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kenneth I. Chenault sold 96,440 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $97.30, for a total value of $9,383,612.00. Following the completion of the sale, the chief executive officer now owns 1,178,333 shares in the company, valued at $114,651,800.90. The disclosure for this sale can be found here. Insiders sold 440,310 shares of company stock worth $42,478,329 over the last 90 days. Company insiders own 0.67% of the company’s stock.

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About American Express

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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