Heartland Advisors Inc. cut its stake in shares of American Express (NYSE:AXP) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,871 shares of the payment services company’s stock after selling 599 shares during the period. Heartland Advisors Inc.’s holdings in American Express were worth $5,843,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Fort Washington Investment Advisors Inc. OH grew its stake in American Express by 0.3% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 191,199 shares of the payment services company’s stock valued at $20,361,000 after acquiring an additional 479 shares during the period. BancorpSouth Bank grew its stake in American Express by 2.1% in the third quarter. BancorpSouth Bank now owns 24,119 shares of the payment services company’s stock valued at $2,569,000 after acquiring an additional 490 shares during the period. Titus Wealth Management grew its stake in American Express by 22.5% in the second quarter. Titus Wealth Management now owns 2,722 shares of the payment services company’s stock valued at $267,000 after acquiring an additional 500 shares during the period. Roundview Capital LLC grew its stake in American Express by 2.8% in the third quarter. Roundview Capital LLC now owns 18,895 shares of the payment services company’s stock valued at $2,012,000 after acquiring an additional 515 shares during the period. Finally, Parallel Advisors LLC grew its stake in American Express by 5.8% in the second quarter. Parallel Advisors LLC now owns 9,441 shares of the payment services company’s stock valued at $925,000 after acquiring an additional 516 shares during the period. 83.42% of the stock is owned by institutional investors and hedge funds.

In related news, major shareholder Ventures Fund Vii L.P. Vivo bought 20,142,123 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The shares were acquired at an average price of $0.17 per share, for a total transaction of $3,424,160.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Stephen J. Squeri sold 12,500 shares of the company’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $103.84, for a total value of $1,298,000.00. Following the sale, the chairman now owns 209,957 shares in the company, valued at approximately $21,801,934.88. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

A number of research firms have issued reports on AXP. Oppenheimer set a $114.00 target price on American Express and gave the company a “buy” rating in a research note on Monday, November 5th. Stephens set a $131.00 target price on American Express and gave the company a “buy” rating in a research note on Saturday, October 20th. BMO Capital Markets boosted their target price on American Express from $106.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, October 19th. Bank of America set a $125.00 price objective on American Express and gave the stock a “buy” rating in a research report on Friday, October 19th. Finally, Morgan Stanley upped their price objective on American Express from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, October 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $112.70.

AXP stock opened at $109.46 on Monday. American Express has a fifty-two week low of $87.54 and a fifty-two week high of $111.77. The stock has a market cap of $93.51 billion, a PE ratio of 18.65, a PEG ratio of 1.48 and a beta of 1.06. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.58.

American Express (NYSE:AXP) last released its earnings results on Thursday, October 18th. The payment services company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. American Express had a return on equity of 31.26% and a net margin of 9.51%. The business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.06 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. American Express’s revenue was up 9.2% on a year-over-year basis. As a group, equities research analysts anticipate that American Express will post 7.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Friday, October 5th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, October 4th. This is a positive change from American Express’s previous quarterly dividend of $0.35. American Express’s dividend payout ratio is presently 26.58%.

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American Express Profile

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 four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

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

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