Capital One National Association decreased its holdings in shares of American Express (NYSE:AXP) by 4.0% in the 4th quarter, HoldingsChannel reports. The fund owned 15,996 shares of the payment services company’s stock after selling 674 shares during the period. Capital One National Association’s holdings in American Express were worth $1,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. raised its stake in American Express by 4.9% during the third quarter. Advisors Asset Management Inc. now owns 143,134 shares of the payment services company’s stock worth $12,948,000 after acquiring an additional 6,709 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in American Express by 10.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,669 shares of the payment services company’s stock worth $478,000 after acquiring an additional 554 shares in the last quarter. Westpac Banking Corp raised its stake in American Express by 2.2% during the third quarter. Westpac Banking Corp now owns 243,683 shares of the payment services company’s stock worth $22,044,000 after acquiring an additional 5,252 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in American Express during the third quarter worth about $5,505,000. Finally, Shelton Capital Management acquired a new position in American Express during the second quarter worth about $670,000. 83.37% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the company. Instinet boosted their price target on American Express from $91.72 to $108.00 and gave the stock a “buy” rating in a report on Monday. Nomura upgraded American Express from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Monday. Morgan Stanley boosted their price target on American Express from $108.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. TheStreet cut American Express from a “b+” rating to a “c+” rating in a report on Thursday, January 18th. Finally, Guggenheim cut American Express from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $98.03 to $102.00 in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the stock. American Express currently has an average rating of “Hold” and an average target price of $102.68.

In related news, CEO Kenneth I. Chenault sold 96,440 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,178,333 shares in the company, valued at $114,651,800.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashwini Gupta sold 57,306 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $95.04, for a total value of $5,446,362.24. The disclosure for this sale can be found here. Insiders sold 326,110 shares of company stock worth $31,858,001 over the last quarter. 0.67% of the stock is currently owned by company insiders.

Shares of American Express (NYSE AXP) opened at $94.70 on Tuesday. American Express has a twelve month low of $75.51 and a twelve month high of $102.39. The company has a market capitalization of $79,612.62, a P/E ratio of 15.57, a P/E/G ratio of 1.26 and a beta of 1.19. The company has a quick ratio of 1.90, a current ratio of 2.37 and a debt-to-equity ratio of 3.11.

American Express (NYSE:AXP) last announced its earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.04. American Express had a return on equity of 26.07% and a net margin of 8.08%. The business had revenue of $8.84 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. equities analysts predict that American Express will post 7.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 5th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Thursday, January 4th. American Express’s payout ratio is presently 48.28%.

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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).

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

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