Trustcore Financial Services LLC lessened its stake in shares of American Express (NYSE:AXP) by 32.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,274 shares of the payment services company’s stock after selling 604 shares during the period. Trustcore Financial Services LLC’s holdings in American Express were worth $139,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AXP. Vanguard Group Inc boosted its stake in American Express by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 49,872,420 shares of the payment services company’s stock valued at $5,310,914,000 after purchasing an additional 364,282 shares during the last quarter. BKD Wealth Advisors LLC boosted its stake in American Express by 1.6% during the 4th quarter. BKD Wealth Advisors LLC now owns 27,018 shares of the payment services company’s stock valued at $2,575,000 after purchasing an additional 419 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in American Express during the 4th quarter valued at about $154,000. Calamos Advisors LLC boosted its stake in American Express by 8.5% during the 4th quarter. Calamos Advisors LLC now owns 216,856 shares of the payment services company’s stock valued at $20,671,000 after purchasing an additional 16,999 shares during the last quarter. Finally, Evermay Wealth Management LLC boosted its stake in American Express by 36.5% during the 4th quarter. Evermay Wealth Management LLC now owns 5,166 shares of the payment services company’s stock valued at $492,000 after purchasing an additional 1,380 shares during the last quarter. 84.25% of the stock is currently owned by institutional investors.

Shares of NYSE AXP traded down $0.01 during midday trading on Friday, reaching $118.42. The company’s stock had a trading volume of 47,473 shares, compared to its average volume of 3,511,031. American Express has a 12-month low of $89.05 and a 12-month high of $120.88. The company has a market capitalization of $99.35 billion, a PE ratio of 16.15, a PEG ratio of 1.39 and a beta of 1.13. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.63.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 18th. The payment services company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.01. American Express had a return on equity of 29.86% and a net margin of 16.60%. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.46 billion. During the same quarter in the previous year, the business earned $1.86 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. As a group, research analysts expect that American Express will post 8.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.32%. American Express’s payout ratio is presently 21.28%.

A number of equities analysts have issued reports on AXP shares. Morgan Stanley upgraded American Express from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $123.00 to $140.00 in a research note on Thursday, April 25th. Atlantic Securities upgraded American Express from a “neutral” rating to an “overweight” rating and set a $100.80 price target for the company in a research note on Tuesday, January 29th. Bank of America reiterated a “neutral” rating and set a $108.00 price target on shares of American Express in a research note on Thursday, March 14th. UBS Group downgraded American Express from a “buy” rating to a “neutral” rating and set a $117.60 price target for the company. in a research note on Monday, April 29th. Finally, DZ Bank downgraded American Express from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. American Express presently has a consensus rating of “Hold” and a consensus price target of $116.63.

In related news, Chairman Stephen J. Squeri sold 101,964 shares of American Express stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $119.95, for a total value of $12,230,581.80. Following the sale, the chairman now owns 258,948 shares of the company’s stock, valued at approximately $31,060,812.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael John O’neill sold 15,749 shares of American Express stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $113.94, for a total transaction of $1,794,441.06. Following the completion of the sale, the insider now directly owns 69,941 shares in the company, valued at approximately $7,969,077.54. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

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American Express Profile

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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