International Value Advisers LLC lessened its position in shares of American Express (NYSE:AXP) by 24.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 892,674 shares of the payment services company’s stock after selling 283,962 shares during the period. American Express makes up about 2.5% of International Value Advisers LLC’s portfolio, making the stock its 14th largest holding. International Value Advisers LLC owned approximately 0.10% of American Express worth $88,651,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Accident Compensation Corp lifted its stake in American Express by 18.8% in the 2nd quarter. Accident Compensation Corp now owns 24,700 shares of the payment services company’s stock valued at $2,081,000 after purchasing an additional 3,900 shares during the last quarter. Bank Hapoalim BM increased its position in American Express by 2.2% in the 2nd quarter. Bank Hapoalim BM now owns 5,954 shares of the payment services company’s stock valued at $502,000 after acquiring an additional 129 shares during the period. Birch Hill Investment Advisors LLC acquired a new position in American Express in the 2nd quarter valued at approximately $208,000. Mutual of America Capital Management LLC increased its position in American Express by 1.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 91,343 shares of the payment services company’s stock valued at $7,695,000 after acquiring an additional 950 shares during the period. Finally, Quantitative Investment Management LLC increased its position in American Express by 42.9% in the 2nd quarter. Quantitative Investment Management LLC now owns 368,500 shares of the payment services company’s stock valued at $31,042,000 after acquiring an additional 110,700 shares during the period. 84.13% of the stock is owned by institutional investors.
Shares of American Express (AXP) opened at $99.05 on Monday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.06. The company has a market cap of $85,210.62, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 1.35 and a beta of 1.16. American Express has a twelve month low of $75.51 and a twelve month high of $102.39.
Several equities analysts have issued reports on the stock. Barclays set a $119.00 price target on shares of American Express and gave the company an “equal weight” rating in a research report on Thursday, January 11th. Instinet assumed coverage on shares of American Express in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $110.00 price target for the company. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a research report on Wednesday, January 3rd. Bank of America set a $128.00 price target on shares of American Express and gave the company a “buy” rating in a research report on Monday, December 18th. Finally, Guggenheim cut shares of American Express from a “buy” rating to a “neutral” rating and upped their price target for the company from $98.03 to $102.00 in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the company. American Express presently has an average rating of “Hold” and a consensus target price of $102.68.
In other American Express news, insider James Peter Bush sold 12,789 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05. Following the completion of the sale, the insider now directly owns 92,504 shares in the company, valued at $9,199,522.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kenneth I. Chenault sold 96,440 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $97.30, for a total transaction of $9,383,612.00. Following the completion of the sale, the chief executive officer now owns 1,178,333 shares of the company’s stock, valued at $114,651,800.90. The disclosure for this sale can be found here. Insiders sold 122,585 shares of company stock valued at $11,973,047 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.
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American Express 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).
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