Bell & Brown Wealth Advisors LLC reduced its stake in shares of American Express (NYSE:AXP) by 1.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,668 shares of the payment services company’s stock after selling 267 shares during the period. American Express makes up 1.6% of Bell & Brown Wealth Advisors LLC’s holdings, making the stock its 25th biggest holding. Bell & Brown Wealth Advisors LLC’s holdings in American Express were worth $1,947,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. FMR LLC grew its position in shares of American Express by 6.9% in the 1st quarter. FMR LLC now owns 26,274,516 shares of the payment services company’s stock worth $2,871,804,000 after acquiring an additional 1,690,676 shares in the last quarter. Fisher Asset Management LLC raised its position in American Express by 3.5% during the second quarter. Fisher Asset Management LLC now owns 11,352,692 shares of the payment services company’s stock valued at $1,401,376,000 after purchasing an additional 381,084 shares in the last quarter. Magellan Asset Management Ltd raised its position in American Express by 212,845.6% during the second quarter. Magellan Asset Management Ltd now owns 9,580,424 shares of the payment services company’s stock valued at $1,182,608,000 after purchasing an additional 9,575,925 shares in the last quarter. Nuveen Asset Management LLC raised its position in American Express by 1,759.0% during the second quarter. Nuveen Asset Management LLC now owns 6,961,641 shares of the payment services company’s stock valued at $859,345,000 after purchasing an additional 6,587,148 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in American Express by 1.6% during the first quarter. Clearbridge Investments LLC now owns 5,711,576 shares of the payment services company’s stock valued at $624,275,000 after purchasing an additional 92,548 shares in the last quarter. Institutional investors and hedge funds own 83.86% of the company’s stock.

Shares of NYSE AXP traded up $1.38 during midday trading on Wednesday, reaching $113.92. 2,364,331 shares of the company were exchanged, compared to its average volume of 3,411,596. The stock’s 50-day moving average price is $118.32 and its 200-day moving average price is $119.32. The stock has a market cap of $94.92 billion, a P/E ratio of 15.54, a PEG ratio of 1.38 and a beta of 1.06. American Express has a one year low of $89.05 and a one year high of $129.34. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.50.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 19th. The payment services company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.02. The firm had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.82 billion. American Express had a net margin of 16.60% and a return on equity of 29.75%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.84 earnings per share. On average, equities research analysts anticipate that American Express will post 8.13 EPS for the current year.

The business also recently announced a 0.39000 dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 1.3%. American Express’s payout ratio is presently 23.47%.

In related news, insider Paul D. Fabara sold 15,455 shares of the business’s 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 sale, the insider now owns 35,931 shares of the company’s stock, valued at $4,565,392.86. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen J. Squeri sold 15,000 shares of the business’s 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 in the company, valued at approximately $23,619,732.97. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,500 shares of company stock worth $4,618,653. Insiders own 0.21% of the company’s stock.

AXP has been the subject of several research analyst reports. BMO Capital Markets boosted their price objective on shares of American Express to $119.00 and gave the company a “market perform” rating in a research report on Monday, July 22nd. Wells Fargo & Co boosted their price objective on shares of American Express from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Bank of America initiated coverage on shares of American Express in a research report on Wednesday, June 19th. They set a “buy” rating and a $145.00 price objective for the company. Jefferies Financial Group set a $130.00 price objective on shares of American Express and gave the company a “hold” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada boosted 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 report on Monday, July 22nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $124.49.

American Express Company 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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