HighVista Strategies LLC bought a new position in shares of American Express Company (NYSE:AXP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,000 shares of the payment services company’s stock, valued at approximately $1,108,000.

Several other large investors have also recently modified their holdings of AXP. SeaBridge Investment Advisors LLC purchased a new stake in shares of American Express during the first quarter worth about $100,000. MCF Advisors LLC boosted its stake in shares of American Express by 0.5% in the first quarter. MCF Advisors LLC now owns 1,282 shares of the payment services company’s stock worth $101,000 after buying an additional 6 shares during the last quarter. SpiderRock Advisors LLC purchased a new stake in shares of American Express during the first quarter worth about $112,000. SRS Capital Advisors Inc. boosted its stake in shares of American Express by 10.3% in the first quarter. SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company’s stock worth $116,000 after buying an additional 138 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of American Express by 36.7% in the first quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock worth $119,000 after buying an additional 410 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Shares of American Express Company (NYSE AXP) traded down 0.92% during mid-day trading on Thursday, hitting $84.90. 490,571 shares of the stock were exchanged. American Express Company has a 52 week low of $59.50 and a 52 week high of $86.67. The stock has a market capitalization of $75.05 billion, a price-to-earnings ratio of 17.41 and a beta of 1.18. The stock’s 50-day moving average is $84.67 and its 200-day moving average is $80.13.

American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, July 19th. The payment services company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.44 by $0.03. The company had revenue of $8.31 billion during the quarter, compared to analysts’ expectations of $8.20 billion. American Express had a net margin of 15.80% and a return on equity of 24.96%. American Express’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.10 earnings per share. Analysts forecast that American Express Company will post $5.74 earnings per share for the current fiscal year.

American Express declared that its board has approved a share buyback program on Wednesday, June 28th that authorizes the company to repurchase $4.40 billion in shares. This repurchase authorization authorizes the payment services company to buy up to 5.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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A number of equities research analysts have recently issued reports on the stock. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $83.00 target price (up from $82.00) on shares of American Express in a report on Saturday, April 22nd. BidaskClub raised shares of American Express from a “sell” rating to a “hold” rating in a report on Tuesday. Instinet reaffirmed an “underperform” rating and issued a $80.00 target price on shares of American Express in a report on Thursday, June 29th. Barclays PLC reaffirmed a “buy” rating and issued a $83.00 target price on shares of American Express in a report on Thursday, July 20th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $84.00 target price on shares of American Express in a report on Thursday, June 1st. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $84.77.

In related news, EVP Marc D. Gordon sold 4,900 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $76.98, for a total transaction of $377,202.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kenneth I. Chenault sold 789,503 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $84.62, for a total transaction of $66,807,743.86. Following the transaction, the chief executive officer now directly owns 889,836 shares of the company’s stock, valued at approximately $75,297,922.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 948,287 shares of company stock valued at $80,321,961. 0.67% of the stock is owned by corporate insiders.

About American Express

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

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