Markston International LLC decreased its holdings in American Express (NYSE:AXP) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,453 shares of the payment services company’s stock after selling 6,828 shares during the period. American Express accounts for approximately 1.5% of Markston International LLC’s holdings, making the stock its 22nd biggest holding. Markston International LLC’s holdings in American Express were worth $12,800,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Buckley Wealth Management LLC increased its holdings in American Express by 0.7% during the 2nd quarter. Buckley Wealth Management LLC now owns 14,186 shares of the payment services company’s stock valued at $1,351,000 after acquiring an additional 105 shares in the last quarter. Bay Harbor Wealth Management LLC increased its holdings in American Express by 28.6% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 481 shares of the payment services company’s stock valued at $46,000 after acquiring an additional 107 shares in the last quarter. Nvwm LLC increased its holdings in American Express by 2.9% during the 2nd quarter. Nvwm LLC now owns 3,941 shares of the payment services company’s stock valued at $375,000 after acquiring an additional 111 shares in the last quarter. Okabena Investment Services Inc. increased its holdings in American Express by 1.1% during the 2nd quarter. Okabena Investment Services Inc. now owns 10,704 shares of the payment services company’s stock valued at $1,019,000 after acquiring an additional 117 shares in the last quarter. Finally, Institute for Wealth Management LLC. increased its holdings in American Express by 1.1% during the 2nd quarter. Institute for Wealth Management LLC. now owns 11,330 shares of the payment services company’s stock valued at $1,079,000 after acquiring an additional 118 shares in the last quarter. 84.14% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on the stock. UBS Group downgraded shares of American Express from a “neutral” rating to a “sell” rating and set a $92.00 target price for the company. in a report on Monday, June 22nd. Wolfe Research began coverage on shares of American Express in a report on Friday, July 31st. They set an “outperform” rating for the company. Wells Fargo & Company lifted their price target on shares of American Express from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Atlantic Securities downgraded shares of American Express from an “overweight” rating to a “neutral” rating and set a $110.00 price target for the company. in a report on Monday, June 8th. Finally, JPMorgan Chase & Co. downgraded shares of American Express from a “neutral” rating to an “underweight” rating and set a $97.00 price target for the company. in a report on Wednesday, July 15th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $106.75.

Shares of AXP traded down $1.07 during mid-day trading on Friday, hitting $103.59. The company had a trading volume of 223,052 shares, compared to its average volume of 5,652,602. The business’s 50-day simple moving average is $100.31 and its 200-day simple moving average is $94.80. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.32. American Express has a 1-year low of $67.00 and a 1-year high of $138.13. The stock has a market cap of $84.27 billion, a PE ratio of 21.76, a P/E/G ratio of 2.66 and a beta of 1.15.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.16. The firm had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $8.25 billion. American Express had a net margin of 10.02% and a return on equity of 24.08%. American Express’s revenue was down 29.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.07 earnings per share. On average, sell-side analysts expect that American Express will post 4.52 earnings per share for the current year.

In other American Express news, insider Denise Pickett sold 2,864 shares of American Express stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $96.62, for a total transaction of $276,719.68. Following the transaction, the insider now directly owns 10,202 shares of the company’s stock, valued at $985,717.24. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

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.

Recommended Story: Certificate of Deposit (CD) For Risk Adverse Investors?

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.