Brighton Jones LLC purchased a new position in shares of American Express (NYSE:AXP) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,630 shares of the payment services company’s stock, valued at approximately $460,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its holdings in shares of 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 purchasing an additional 6,709 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of 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 purchasing an additional 554 shares during the period. Westpac Banking Corp lifted its holdings in shares of 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 purchasing an additional 5,252 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of American Express during the third quarter worth $5,505,000. Finally, Shelton Capital Management acquired a new stake in shares of American Express during the second quarter worth $670,000. 83.37% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on AXP. Barclays set a $93.00 price target on American Express and gave the stock a “hold” rating in a report on Thursday, October 19th. Bank of America increased their price target on American Express from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Jefferies Group reissued an “in-line” rating and issued a $93.00 target price (up previously from $85.00) on shares of American Express in a report on Thursday, October 19th. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a report on Wednesday, January 3rd. Finally, Instinet assumed coverage on American Express in a report on Wednesday, January 3rd. They issued a “buy” rating and a $110.00 target price for the company. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $102.68.

In related news, CEO Kenneth I. Chenault sold 96,440 shares of American Express stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $97.30, for a total transaction 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 approximately $114,651,800.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James Peter Bush sold 12,789 shares of American Express stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total value of $1,271,866.05. Following the sale, the insider now owns 92,504 shares of the company’s stock, valued at approximately $9,199,522.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 326,110 shares of company stock valued at $31,858,001. 0.67% of the stock is currently owned by company insiders.

American Express (AXP) opened at $94.56 on Wednesday. American Express has a 52-week low of $75.51 and a 52-week high of $102.39. The firm has a market capitalization of $82,080.00, a price-to-earnings ratio of 31.63, a PEG ratio of 1.26 and a beta of 1.19. The company has a debt-to-equity ratio of 3.11, a current ratio of 2.37 and a quick ratio of 1.90.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.04. The firm had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. American Express had a return on equity of 26.07% and a net margin of 8.08%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. sell-side analysts forecast that American Express will post 7.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 5th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Thursday, January 4th. American Express’s dividend payout ratio is presently 46.82%.

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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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