American Express (NYSE:AXP) Stake Lessened by Ossiam

Ossiam trimmed its position in shares of American Express (NYSE:AXP) by 14.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,819 shares of the payment services company’s stock after selling 5,812 shares during the period. Ossiam’s holdings in American Express were worth $6,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vident Investment Advisory LLC raised its holdings in shares of American Express by 29.3% during the second quarter. Vident Investment Advisory LLC now owns 21,333 shares of the payment services company’s stock worth $3,526,000 after acquiring an additional 4,836 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of American Express in the second quarter valued at about $69,958,000. Centiva Capital LP grew its position in American Express by 20.3% during the first quarter. Centiva Capital LP now owns 12,729 shares of the payment services company’s stock worth $1,800,000 after buying an additional 2,145 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in American Express during the first quarter worth about $12,109,000. Finally, Financial Avengers Inc. lifted its stake in American Express by 1.5% during the second quarter. Financial Avengers Inc. now owns 42,467 shares of the payment services company’s stock worth $7,017,000 after purchasing an additional 619 shares during the period. Institutional investors and hedge funds own 84.62% of the company’s stock.

Shares of NYSE AXP traded up $1.66 during trading hours on Thursday, hitting $170.38. 31,640 shares of the stock were exchanged, compared to its average volume of 3,512,929. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market cap of $135.36 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 0.90 and a beta of 1.28. The company’s fifty day simple moving average is $166.63 and its two-hundred day simple moving average is $162.16. American Express has a 1-year low of $89.11 and a 1-year high of $179.67.

American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, July 22nd. The payment services company reported $2.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $1.16. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.59 billion. American Express had a net margin of 18.72% and a return on equity of 26.15%. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. As a group, sell-side analysts expect that American Express will post 8.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 10th. Investors of record on Friday, October 8th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, October 7th. American Express’s payout ratio is 32.21%.

Several research analysts recently weighed in on the stock. Credit Suisse Group restated an “underperform” rating and issued a $173.92 price objective (up previously from $135.00) on shares of American Express in a research report on Monday, July 26th. DZ Bank lowered shares of American Express from a “buy” rating to a “hold” rating and set a $170.00 target price for the company. in a research note on Thursday, June 17th. The Goldman Sachs Group raised shares of American Express from a “neutral” rating to a “buy” rating and upped their target price for the stock from $185.00 to $225.00 in a research note on Tuesday, July 6th. Seaport Global Securities began coverage on shares of American Express in a research report on Monday, August 30th. They set a “neutral” rating on the stock. Finally, Royal Bank of Canada upped their target price on shares of American Express from $174.00 to $185.00 and gave the company a “sector perform” rating in a report on Monday, July 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $171.75.

In related news, insider Marc D. Gordon sold 13,424 shares of American Express stock in a transaction on Friday, September 10th. The shares were sold at an average price of $159.24, for a total transaction of $2,137,637.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey C. Campbell sold 74,677 shares of American Express stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $170.48, for a total transaction of $12,730,934.96. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

About American Express

American Express Co engages in the provision of charge and credit card products and travel-related services. It operates through the following segments: Global Consumer Services Group, Global Commercial Services, Global Merchant and Network Services, and Corporate and Other. The Global Consumer Services Group segment issues a wide range of proprietary consumer cards globally.

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

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