River & Mercantile Asset Management LLP increased its position in shares of American Express (NYSE:AXP) by 56.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,105 shares of the payment services company’s stock after acquiring an additional 31,043 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in American Express were worth $8,206,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AXP. CI Investments Inc. increased its stake in American Express by 5.2% in the 3rd quarter. CI Investments Inc. now owns 424,337 shares of the payment services company’s stock valued at $45,188,000 after buying an additional 20,952 shares during the period. Martingale Asset Management L P increased its stake in shares of American Express by 1.7% during the 3rd quarter. Martingale Asset Management L P now owns 528,894 shares of the payment services company’s stock worth $56,323,000 after purchasing an additional 8,588 shares during the last quarter. CIBC World Markets Inc. increased its stake in shares of American Express by 158.7% during the 3rd quarter. CIBC World Markets Inc. now owns 57,354 shares of the payment services company’s stock worth $6,108,000 after purchasing an additional 35,185 shares during the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of American Express by 9.7% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 41,501 shares of the payment services company’s stock worth $4,419,000 after purchasing an additional 3,683 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of American Express by 4.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 194,758 shares of the payment services company’s stock worth $20,988,000 after purchasing an additional 7,755 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

In other news, EVP Richard Petrino sold 2,444 shares of the stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $107.11, for a total value of $261,776.84. Following the completion of the transaction, the executive vice president now owns 7,591 shares in the company, valued at approximately $813,072.01. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Stephen J. Squeri sold 12,500 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $103.02, for a total transaction of $1,287,750.00. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

Several research analysts have recently commented on the stock. Buckingham Research lowered shares of American Express from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a research note on Thursday, November 29th. They noted that the move was a valuation call. Bank of America reaffirmed a “neutral” rating and set a $108.00 price objective on shares of American Express in a report on Thursday, March 14th. DZ Bank downgraded shares of American Express from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Co reaffirmed a “buy” rating and set a $125.00 price objective (up from $115.00) on shares of American Express in a report on Tuesday, March 12th. Finally, William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Friday, December 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $111.66.

American Express stock traded down $0.22 during mid-day trading on Monday, reaching $109.24. The company had a trading volume of 24,922 shares, compared to its average volume of 3,245,024. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.93 and a quick ratio of 1.93. American Express has a 52 week low of $89.05 and a 52 week high of $114.55. The company has a market cap of $92.32 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.28 and a beta of 1.11.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, January 17th. The payment services company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.06). American Express had a net margin of 17.08% and a return on equity of 30.35%. The company had revenue of $10.47 billion during the quarter, compared to the consensus estimate of $10.54 billion. During the same period last year, the company earned $1.58 earnings per share. American Express’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that American Express will post 8.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 5th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s dividend payout ratio (DPR) is presently 21.28%.

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About American Express

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 three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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

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