Shelter Mutual Insurance Co lowered its stake in shares of American Express (NYSE:AXP) by 8.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,490 shares of the payment services company’s stock after selling 4,550 shares during the quarter. American Express makes up approximately 1.7% of Shelter Mutual Insurance Co’s portfolio, making the stock its 25th largest holding. Shelter Mutual Insurance Co’s holdings in American Express were worth $5,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AXP. Laurel Wealth Advisors Inc. grew its holdings in shares of American Express by 2.0% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 4,192 shares of the payment services company’s stock worth $458,000 after acquiring an additional 84 shares during the period. Welch Group LLC lifted its stake in shares of American Express by 2.2% during the 2nd quarter. Welch Group LLC now owns 3,855 shares of the payment services company’s stock worth $476,000 after purchasing an additional 84 shares during the period. Papp L Roy & Associates lifted its stake in shares of American Express by 1.3% during the 1st quarter. Papp L Roy & Associates now owns 6,750 shares of the payment services company’s stock worth $738,000 after purchasing an additional 86 shares during the period. Signaturefd LLC raised its position in shares of American Express by 2.0% in the 2nd quarter. Signaturefd LLC now owns 4,492 shares of the payment services company’s stock worth $554,000 after buying an additional 88 shares during the period. Finally, Enterprise Financial Services Corp raised its position in shares of American Express by 24.8% in the 1st quarter. Enterprise Financial Services Corp now owns 473 shares of the payment services company’s stock worth $51,000 after buying an additional 94 shares during the period. Institutional investors own 84.26% of the company’s stock.

Shares of American Express stock traded down $0.25 during trading hours on Thursday, hitting $122.40. 91,313 shares of the company’s stock traded hands, compared to its average volume of 3,534,447. The stock has a 50 day moving average of $125.57. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $102.84 billion, a P/E ratio of 16.71, a PEG ratio of 1.39 and a beta of 1.05. American Express has a twelve month low of $89.05 and a twelve month high of $129.34.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 19th. The payment services company reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.02. The business had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.82 billion. American Express had a return on equity of 29.75% and a net margin of 16.60%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.84 earnings per share. As a group, sell-side analysts anticipate that American Express will post 8.14 EPS for the current fiscal year.

In other American Express news, CFO Jeffrey C. Campbell sold 7,045 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $124.91, for a total value of $879,990.95. Following the transaction, the chief financial officer now owns 59,620 shares of the company’s stock, valued at $7,447,134.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 15,455 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $127.06, for a total transaction of $1,963,712.30. Following the completion of the transaction, the insider now directly owns 35,931 shares in the company, valued at approximately $4,565,392.86. The disclosure for this sale can be found here. Insiders sold 190,548 shares of company stock valued at $22,910,322 over the last quarter. Insiders own 0.21% of the company’s stock.

Several research analysts have commented on the company. Bank of America assumed coverage on American Express in a research report on Wednesday, June 19th. They issued a “buy” rating and a $145.00 price objective on the stock. BMO Capital Markets raised their price objective on American Express to $119.00 and gave the company a “market perform” rating in a research report on Monday, July 22nd. ValuEngine lowered American Express from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. William Blair reissued an “outperform” rating on shares of American Express in a research report on Tuesday, June 18th. Finally, UBS Group lowered American Express from a “buy” rating to a “neutral” rating and set a $117.60 price objective on the stock. in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $124.49.

American Express Company 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 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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