IBM Retirement Fund lowered its position in shares of American Express (NYSE:AXP) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,352 shares of the payment services company’s stock after selling 861 shares during the period. IBM Retirement Fund’s holdings in American Express were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in American Express by 0.7% during the third quarter. Vanguard Group Inc. now owns 49,872,420 shares of the payment services company’s stock worth $5,310,914,000 after buying an additional 364,282 shares in the last quarter. Vanguard Group Inc grew its position in American Express by 0.7% during the third quarter. Vanguard Group Inc now owns 49,872,420 shares of the payment services company’s stock worth $5,310,914,000 after buying an additional 364,282 shares in the last quarter. BlackRock Inc. grew its position in American Express by 0.7% during the fourth quarter. BlackRock Inc. now owns 45,477,488 shares of the payment services company’s stock worth $4,334,916,000 after buying an additional 300,504 shares in the last quarter. FMR LLC grew its position in American Express by 71.6% during the third quarter. FMR LLC now owns 16,447,370 shares of the payment services company’s stock worth $1,751,481,000 after buying an additional 6,861,701 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in American Express by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 10,681,552 shares of the payment services company’s stock worth $1,018,166,000 after buying an additional 323,809 shares in the last quarter. Institutional investors own 84.07% of the company’s stock.

NYSE AXP opened at $113.52 on Friday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.93 and a current ratio of 1.93. American Express has a twelve month low of $89.05 and a twelve month high of $114.55. The firm has a market cap of $95.74 billion, a P/E ratio of 15.49, a PEG ratio of 1.29 and a beta of 1.11.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, January 17th. The payment services company reported $1.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by ($0.06). American Express had a net margin of 17.08% and a return on equity of 30.35%. The firm had revenue of $10.47 billion for the quarter, compared to analyst estimates of $10.54 billion. During the same period last year, the business earned $1.58 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that American Express will post 8.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 5th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, April 4th. American Express’s dividend payout ratio (DPR) is 21.28%.

In related news, Chairman Stephen J. Squeri sold 12,500 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $103.02, for a total transaction of $1,287,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Richard Petrino sold 2,444 shares of the firm’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $107.11, for a total value of $261,776.84. Following the sale, the executive vice president now directly owns 7,591 shares in the company, valued at approximately $813,072.01. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

A number of equities research analysts have weighed in on AXP shares. Bank of America set a $108.00 target price on American Express and gave the company a “hold” rating in a report on Friday, January 18th. Credit Suisse Group reaffirmed a “hold” rating and issued a $93.00 target price on shares of American Express in a report on Friday, January 18th. Zacks Investment Research downgraded American Express from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Morgan Stanley reduced their target price on American Express from $113.00 to $111.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 8th. Finally, Barclays set a $118.00 target price on American Express and gave the company a “hold” rating in a report on Friday, December 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $111.66.

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About American Express

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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

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