Westwood Holdings Group Inc. lessened its holdings in American Express (NYSE:AXP) by 10.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,833 shares of the payment services company’s stock after selling 1,078 shares during the period. Westwood Holdings Group Inc.’s holdings in American Express were worth $1,090,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AXP. ETF Managers Group LLC lifted its stake in shares of American Express by 14.5% during the first quarter. ETF Managers Group LLC now owns 225,162 shares of the payment services company’s stock valued at $24,610,000 after buying an additional 28,463 shares during the period. Central Securities Corp lifted its stake in shares of American Express by 20.0% during the first quarter. Central Securities Corp now owns 180,000 shares of the payment services company’s stock valued at $19,674,000 after buying an additional 30,000 shares during the period. Greatmark Investment Partners Inc. lifted its stake in shares of American Express by 0.5% during the first quarter. Greatmark Investment Partners Inc. now owns 88,313 shares of the payment services company’s stock valued at $9,653,000 after buying an additional 480 shares during the period. Semmax Financial Advisors Inc. lifted its stake in shares of American Express by 38.6% during the first quarter. Semmax Financial Advisors Inc. now owns 2,165 shares of the payment services company’s stock valued at $237,000 after buying an additional 603 shares during the period. Finally, AKO Capital LLP lifted its stake in shares of American Express by 42.0% during the first quarter. AKO Capital LLP now owns 1,430,186 shares of the payment services company’s stock valued at $156,319,000 after buying an additional 422,711 shares during the period. 83.86% of the stock is currently owned by institutional investors.

In other news, insider Paul D. Fabara sold 15,455 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $127.06, for a total value of $1,963,712.30. Following the completion of the sale, the insider now owns 35,931 shares of the company’s stock, valued at $4,565,392.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen J. Squeri sold 15,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $118.33, for a total transaction of $1,774,950.00. Following the completion of the sale, the chief executive officer now directly owns 199,609 shares of the company’s stock, valued at approximately $23,619,732.97. The disclosure for this sale can be found here. Insiders have sold 37,500 shares of company stock valued at $4,618,653 in the last ninety days. 0.21% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on AXP shares. ValuEngine downgraded shares of American Express from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Royal Bank of Canada upped their price objective on shares of American Express from $120.00 to $125.00 and gave the company a “sector perform” rating in a research note on Monday, July 22nd. They noted that the move was a valuation call. BMO Capital Markets upped their price objective on shares of American Express to $119.00 and gave the company a “market perform” rating in a research note on Monday, July 22nd. Bank of America started coverage on shares of American Express in a research note on Wednesday, June 19th. They set a “buy” rating and a $145.00 price objective on the stock. Finally, Morgan Stanley set a $142.00 price objective on shares of American Express and gave the company a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $124.49.

AXP stock traded up $0.52 on Monday, hitting $117.32. 99,884 shares of the company were exchanged, compared to its average volume of 3,480,496. American Express has a twelve month low of $89.05 and a twelve month high of $129.34. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.84 and a quick ratio of 1.84. The business’s fifty day moving average is $121.14 and its two-hundred day moving average is $118.80. The stock has a market capitalization of $97.73 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.42 and a beta of 1.06.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 19th. The payment services company reported $2.07 EPS for the quarter, topping the consensus estimate of $2.05 by $0.02. American Express had a net margin of 16.60% and a return on equity of 29.75%. The firm had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.82 billion. During the same quarter in the prior year, the business posted $1.84 earnings per share. American Express’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts expect that American Express will post 8.14 earnings per share for the current year.

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.

Further Reading: What causes a yield curve to invert?

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express (NYSE:AXP).

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

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.