Charter Trust Co. reduced its stake in American Express (NYSE:AXP) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,738 shares of the payment services company’s stock after selling 989 shares during the period. Charter Trust Co.’s holdings in American Express were worth $1,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXP. Fort Washington Investment Advisors Inc. OH grew its stake in shares of American Express by 0.3% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 191,199 shares of the payment services company’s stock valued at $20,361,000 after acquiring an additional 479 shares in the last quarter. BancorpSouth Bank grew its stake in shares of American Express by 2.1% during the third quarter. BancorpSouth Bank now owns 24,119 shares of the payment services company’s stock valued at $2,569,000 after acquiring an additional 490 shares in the last quarter. Titus Wealth Management grew its stake in shares of American Express by 22.5% during the second quarter. Titus Wealth Management now owns 2,722 shares of the payment services company’s stock valued at $267,000 after acquiring an additional 500 shares in the last quarter. SevenBridge Financial Group LLC grew its stake in shares of American Express by 39.7% during the third quarter. SevenBridge Financial Group LLC now owns 1,796 shares of the payment services company’s stock valued at $191,000 after acquiring an additional 510 shares in the last quarter. Finally, Roundview Capital LLC grew its stake in shares of American Express by 2.8% during the third quarter. Roundview Capital LLC now owns 18,895 shares of the payment services company’s stock valued at $2,012,000 after acquiring an additional 515 shares in the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

NYSE:AXP opened at $108.25 on Friday. The stock has a market capitalization of $91.95 billion, a P/E ratio of 15.03, a PEG ratio of 1.39 and a beta of 1.06. American Express has a one year low of $87.54 and a one year high of $114.55. 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 (NYSE:AXP) last posted its quarterly 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 return on equity of 31.26% and a net margin of 9.51%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $1.50 earnings per share. On average, analysts predict that American Express will post 7.38 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Investors of record on Friday, January 4th will be paid a $0.39 dividend. The ex-dividend date of this dividend 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 (DPR) is 26.58%.

In other American Express news, Chairman Stephen J. Squeri sold 12,500 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $103.84, for a total value of $1,298,000.00. Following the transaction, the chairman now owns 209,957 shares of the company’s stock, valued at $21,801,934.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc D. Gordon sold 25,948 shares of the firm’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 completion of the transaction, the insider now directly owns 33,111 shares in the company, valued at approximately $3,570,359.13. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

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

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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 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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