Osborn Rohs Williams & Donohoe Ltd held its position in American Express Co. (NYSE:AXP) during the third quarter, Holdings Channel reports. The firm owned 22,326 shares of the payment services company’s stock at the end of the third quarter. Osborn Rohs Williams & Donohoe Ltd’s holdings in American Express were worth $1,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mycio Wealth Partners LLC increased its position in shares of American Express by 4.1% in the second quarter. Mycio Wealth Partners LLC now owns 1,638 shares of the payment services company’s stock worth $100,000 after buying an additional 65 shares during the last quarter. Blume Capital Management Inc. increased its position in shares of American Express by 15.5% in the second quarter. Blume Capital Management Inc. now owns 1,733 shares of the payment services company’s stock worth $105,000 after buying an additional 233 shares during the last quarter. Capital Analysts LLC increased its position in shares of American Express by 84.0% in the second quarter. Capital Analysts LLC now owns 2,631 shares of the payment services company’s stock worth $107,000 after buying an additional 1,201 shares during the last quarter. Feltz Wealth PLAN Inc. bought a new position in shares of American Express during the second quarter worth approximately $112,000. Finally, Advisory Services Network LLC increased its position in shares of American Express by 10.4% in the third quarter. Advisory Services Network LLC now owns 2,140 shares of the payment services company’s stock worth $137,000 after buying an additional 201 shares during the last quarter. 80.82% of the stock is currently owned by institutional investors and hedge funds.

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

American Express Co. (NYSE:AXP) traded down 0.89% on Tuesday, reaching $71.49. 3,814,802 shares of the company’s stock were exchanged. American Express Co. has a 52 week low of $50.27 and a 52 week high of $73.18. The company has a market cap of $65.43 billion, a price-to-earnings ratio of 12.70 and a beta of 1.19. The stock’s 50 day moving average is $67.19 and its 200 day moving average is $64.70.

American Express (NYSE:AXP) last posted its earnings results on Wednesday, October 19th. The payment services company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.28. American Express had a return on equity of 27.84% and a net margin of 16.67%. The company earned $7.80 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same quarter last year, the firm earned $1.24 earnings per share. The company’s revenue was down 5.1% on a year-over-year basis. On average, equities analysts anticipate that American Express Co. will post $5.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Investors of record on Friday, January 6th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, January 4th. American Express’s dividend payout ratio (DPR) is presently 22.70%.

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A number of research analysts recently commented on the stock. Citigroup Inc. reaffirmed a “buy” rating on shares of American Express in a research report on Wednesday, August 10th. Jefferies Group reissued a “hold” rating and issued a $60.00 target price on shares of American Express in a research report on Saturday, October 22nd. Nomura downgraded shares of American Express from a “neutral” rating to a “reduce” rating and decreased their target price for the stock from $62.00 to $56.00 in a research report on Thursday, October 6th. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Monday, October 24th. Finally, Evercore ISI reissued a “hold” rating on shares of American Express in a research report on Saturday, October 15th. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.65.

In related news, insider Susan Sobbott sold 19,186 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $70.45, for a total value of $1,351,653.70. Following the completion of the transaction, the insider now owns 56,870 shares of the company’s stock, valued at $4,006,491.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ashwini Gupta sold 146,030 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $72.28, for a total value of $10,555,048.40. Following the completion of the transaction, the insider now directly owns 298,910 shares of the company’s stock, valued at approximately $21,605,214.80. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

American Express Company Profile

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

5 Day Chart for NYSE:AXP

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