Parthenon LLC increased its stake in shares of American Express Company (NYSE:AXP) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,000 shares of the payment services company’s stock after purchasing an additional 2,295 shares during the quarter. Parthenon LLC’s holdings in American Express were worth $4,704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AXP. MCF Advisors LLC boosted its stake in American Express by 0.3% in the second quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock valued at $108,000 after acquiring an additional 4 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in American Express by 30.4% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock valued at $109,000 after acquiring an additional 300 shares during the last quarter. Capital Analysts LLC bought a new position in American Express in the second quarter valued at approximately $115,000. Westside Investment Management Inc. boosted its stake in American Express by 36.7% in the first quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock valued at $119,000 after acquiring an additional 410 shares during the last quarter. Finally, MV Capital Management Inc. boosted its stake in American Express by 3.5% in the second quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock valued at $122,000 after acquiring an additional 49 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Linda Zukauckas sold 3,196 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $95.42, for a total transaction of $304,962.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael John O’neill sold 43,741 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $98.85, for a total transaction of $4,323,797.85. Following the sale, the executive vice president now owns 43,731 shares in the company, valued at $4,322,809.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 343,870 shares of company stock worth $33,094,717. 0.67% of the stock is currently owned by company insiders.

Shares of American Express Company (AXP) opened at $97.78 on Thursday. American Express Company has a twelve month low of $73.24 and a twelve month high of $99.75. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31. The company has a market cap of $86,252.79, a price-to-earnings ratio of 19.04, a P/E/G ratio of 1.66 and a beta of 1.22.

American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. American Express had a net margin of 14.48% and a return on equity of 22.73%. The business had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.31 billion. During the same period last year, the business posted $1.24 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. analysts predict that American Express Company will post 5.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.43%. American Express’s payout ratio is 26.97%.

A number of brokerages have issued reports on AXP. Bank of America raised their price objective on shares of American Express from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Jefferies Group reiterated an “in-line” rating and issued a $93.00 target price (up from $85.00) on shares of American Express in a report on Thursday, October 19th. Keefe, Bruyette & Woods set a $95.00 target price on shares of American Express and gave the stock a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Wednesday, November 1st. Finally, Wells Fargo & Company started coverage on shares of American Express in a report on Tuesday, October 10th. They issued an “outperform” rating and a $105.00 target price on the stock. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company. American Express has an average rating of “Hold” and a consensus price target of $91.56.

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American Express Company Profile

American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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

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