River & Mercantile Asset Management LLP trimmed its holdings in shares of American Express (NYSE:AXP) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,062 shares of the payment services company’s stock after selling 1,500 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in American Express were worth $5,864,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AXP. FMR LLC lifted its position in shares of American Express by 969.9% during the second quarter. FMR LLC now owns 9,585,669 shares of the payment services company’s stock worth $939,396,000 after purchasing an additional 8,689,714 shares during the last quarter. Third Point LLC bought a new stake in shares of American Express during the third quarter worth $532,450,000. Renaissance Technologies LLC bought a new stake in shares of American Express during the second quarter worth $127,567,000. Millennium Management LLC raised its holdings in shares of American Express by 84.3% in the second quarter. Millennium Management LLC now owns 2,329,094 shares of the payment services company’s stock valued at $228,251,000 after acquiring an additional 1,065,461 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of American Express by 2.4% in the third quarter. BlackRock Inc. now owns 45,176,984 shares of the payment services company’s stock valued at $4,810,897,000 after acquiring an additional 1,045,964 shares in the last quarter. Institutional investors and hedge funds own 82.88% of the company’s stock.

In other news, insider Marc D. Gordon sold 25,948 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $107.83, for a total transaction of $2,797,972.84. Following the sale, the insider now owns 33,111 shares in the company, valued at $3,570,359.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Stephen J. Squeri sold 12,500 shares of the business’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $103.84, for a total value of $1,298,000.00. Following the sale, the chairman now owns 209,957 shares in the company, valued at approximately $21,801,934.88. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Several analysts recently weighed in on the company. Buckingham Research downgraded American Express from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a report on Thursday, November 29th. They noted that the move was a valuation call. Oppenheimer set a $114.00 price objective on American Express and gave the company a “buy” rating in a report on Monday, November 5th. Stephens set a $131.00 price objective on American Express and gave the company a “buy” rating in a report on Saturday, October 20th. BMO Capital Markets lifted their price objective on American Express from $106.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, October 19th. Finally, Bank of America set a $125.00 price objective on American Express and gave the company a “buy” rating in a report on Friday, October 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $112.70.

American Express stock remained flat at $$108.25 during trading hours on Friday. 414,388 shares of the company’s stock were exchanged, compared to its average volume of 3,227,718. The company has a market capitalization of $91.95 billion, a P/E ratio of 18.44, a PEG ratio of 1.39 and a beta of 1.06. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.88 and a quick ratio of 1.88. American Express has a fifty-two week low of $87.54 and a fifty-two week high of $114.55.

American Express (NYSE:AXP) last announced its earnings results on Thursday, October 18th. The payment services company reported $1.88 EPS for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.11. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.06 billion. American Express had a net margin of 9.51% and a return on equity of 31.26%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.50 earnings per share. On average, equities research analysts predict that American Express will post 7.38 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Friday, January 4th will be issued a $0.39 dividend. The ex-dividend date is Thursday, January 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 1.44%. American Express’s dividend payout ratio is presently 26.58%.

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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 four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

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

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