Moreno Evelyn V lowered its position in American Express (NYSE:AXP) by 28.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,500 shares of the payment services company’s stock after selling 1,000 shares during the period. Moreno Evelyn V’s holdings in American Express were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc raised its stake in shares of American Express by 0.7% during the third quarter. Vanguard Group Inc now owns 49,872,420 shares of the payment services company’s stock valued at $5,310,914,000 after acquiring an additional 364,282 shares in the last quarter. BlackRock Inc. raised its stake in shares of American Express by 0.7% during the fourth quarter. BlackRock Inc. now owns 45,477,488 shares of the payment services company’s stock valued at $4,334,916,000 after acquiring an additional 300,504 shares in the last quarter. FMR LLC raised its stake in shares of American Express by 49.5% during the fourth quarter. FMR LLC now owns 24,583,840 shares of the payment services company’s stock valued at $2,343,332,000 after acquiring an additional 8,136,470 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of American Express by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 10,681,552 shares of the payment services company’s stock valued at $1,018,166,000 after acquiring an additional 323,809 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of American Express by 1.9% during the fourth quarter. Northern Trust Corp now owns 9,705,630 shares of the payment services company’s stock valued at $925,141,000 after acquiring an additional 180,361 shares in the last quarter. 84.86% of the stock is owned by institutional investors and hedge funds.

NYSE AXP opened at $113.67 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.93 and a current ratio of 2.24. American Express has a 12-month low of $89.05 and a 12-month high of $114.55. The firm has a market capitalization of $95.87 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.31 and a beta of 1.11.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 18th. The payment services company reported $2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.01. American Express had a net margin of 16.60% and a return on equity of 29.94%. The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.46 billion. During the same period in the previous year, the company earned $1.86 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Sell-side analysts anticipate that American Express will post 8.16 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 5th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, April 4th. American Express’s dividend payout ratio is currently 21.28%.

In other American Express news, EVP Richard Petrino sold 2,444 shares of American Express stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $107.11, for a total value of $261,776.84. Following the transaction, the executive vice president now directly owns 7,591 shares of the company’s stock, valued at $813,072.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Stephen J. Squeri sold 12,500 shares of American Express stock in a transaction on Friday, February 1st. The stock was sold at an average price of $103.02, for a total transaction of $1,287,750.00. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

Several research firms have recently weighed in on AXP. Oppenheimer set a $119.00 price target on shares of American Express and gave the company a “buy” rating in a research note on Wednesday. DZ Bank downgraded shares of American Express from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Bank of America reissued a “neutral” rating and issued a $108.00 price objective on shares of American Express in a research note on Thursday, March 14th. Wells Fargo & Co reissued a “buy” rating and issued a $125.00 price objective (up previously from $115.00) on shares of American Express in a research note on Tuesday, March 12th. Finally, Atlantic Securities raised shares of American Express from a “neutral” rating to an “overweight” rating and set a $100.80 price objective for the company in a research note on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $112.13.

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About American Express

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.

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

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