Unigestion Holding SA decreased its stake in American Express (NYSE:AXP) by 96.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,300 shares of the payment services company’s stock after selling 208,821 shares during the quarter. Unigestion Holding SA’s holdings in American Express were worth $884,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AXP. IFG Advisory LLC boosted its holdings in American Express by 4.6% in the 3rd quarter. IFG Advisory LLC now owns 14,091 shares of the payment services company’s stock valued at $1,500,000 after purchasing an additional 620 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in American Express by 16.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 137,688 shares of the payment services company’s stock valued at $14,662,000 after purchasing an additional 19,881 shares during the last quarter. Gulf International Bank UK Ltd boosted its holdings in American Express by 6.3% in the 3rd quarter. Gulf International Bank UK Ltd now owns 250,046 shares of the payment services company’s stock valued at $26,627,000 after purchasing an additional 14,850 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in American Express by 1.6% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 117,789 shares of the payment services company’s stock valued at $12,543,000 after purchasing an additional 1,800 shares during the last quarter. Finally, BP PLC boosted its holdings in American Express by 36.6% in the 3rd quarter. BP PLC now owns 112,000 shares of the payment services company’s stock valued at $11,928,000 after purchasing an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 83.20% of the company’s stock.

Shares of AXP opened at $106.49 on Tuesday. American Express has a fifty-two week low of $87.54 and a fifty-two week high of $111.77. The company has a market cap of $92.50 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.47 and a beta of 1.06. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.58.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Friday, October 5th were paid a dividend of $0.39 per share. This is an increase from American Express’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Thursday, October 4th. American Express’s dividend payout ratio is presently 26.58%.

In other news, CFO Scott Murcray purchased 350,000 shares of the stock in a transaction on Monday, September 3rd. The stock was bought at an average price of $0.28 per share, for a total transaction of $98,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Ventures Fund Vii L.P. Vivo purchased 20,142,123 shares of the stock in a transaction on Thursday, August 30th. The shares were purchased at an average price of $0.17 per share, with a total value of $3,424,160.91. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

Several equities analysts have weighed in on AXP shares. Oppenheimer reiterated a “buy” rating and issued a $114.00 target price on shares of American Express in a report on Thursday, October 18th. Barclays boosted their target price on shares of American Express from $113.00 to $115.00 and gave the company a “hold” rating in a report on Friday, October 19th. Morgan Stanley boosted their target price on shares of American Express from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, October 19th. Zacks Investment Research downgraded shares of American Express from a “hold” rating to a “sell” rating in a research note on Thursday, September 20th. Finally, Wells Fargo & Co boosted their price target on shares of American Express from $115.00 to $122.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $112.70.

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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.

See Also: Outstanding Shares

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

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