Roosevelt Investment Group Inc. lowered its position in American Express (NYSE:AXP) by 79.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,333 shares of the payment services company’s stock after selling 72,902 shares during the period. Roosevelt Investment Group Inc.’s holdings in American Express were worth $1,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AXP. Beach Investment Management LLC. purchased a new stake in American Express in the 2nd quarter worth approximately $678,000. One Capital Management LLC boosted its position in American Express by 4.7% in the 2nd quarter. One Capital Management LLC now owns 28,603 shares of the payment services company’s stock worth $2,410,000 after purchasing an additional 1,291 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in American Express by 1.2% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 93,295 shares of the payment services company’s stock worth $7,859,000 after purchasing an additional 1,061 shares in the last quarter. Welch Group LLC boosted its position in American Express by 16.1% in the 2nd quarter. Welch Group LLC now owns 2,709 shares of the payment services company’s stock worth $228,000 after purchasing an additional 375 shares in the last quarter. Finally, Lincoln National Corp purchased a new stake in American Express in the 2nd quarter worth approximately $210,000. Hedge funds and other institutional investors own 83.37% of the company’s stock.

In related news, insider Ashwini Gupta sold 57,306 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $95.04, for a total value of $5,446,362.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Peter Bush sold 12,789 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05. Following the completion of the transaction, the insider now directly owns 92,504 shares of the company’s stock, valued at $9,199,522.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 326,110 shares of company stock valued at $31,858,001. Corporate insiders own 0.67% of the company’s stock.

American Express (NYSE AXP) opened at $94.56 on Wednesday. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.90 and a current ratio of 2.37. The firm has a market capitalization of $82,199.24, a P/E ratio of 16.08, a PEG ratio of 1.30 and a beta of 1.19. American Express has a 52 week low of $75.51 and a 52 week high of $102.39.

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

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

Several equities research analysts have commented on the company. Barclays set a $93.00 price objective on American Express and gave the stock a “hold” rating in a research report on Thursday, October 19th. Bank of America upped their price objective on American Express from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Jefferies Group restated an “in-line” rating and issued a $93.00 price objective (up previously from $85.00) on shares of American Express in a research report on Thursday, October 19th. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research report on Wednesday, January 3rd. Finally, Instinet assumed coverage on American Express in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $110.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. American Express currently has a consensus rating of “Hold” and an average target price of $102.68.

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American Express 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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