Psagot Investment House Ltd. acquired a new position in American Express (NYSE:AXP) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 51,582 shares of the payment services company’s stock, valued at approximately $4,666,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of American Express by 30.4% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock valued at $109,000 after acquiring an additional 300 shares in the last quarter. Capital Analysts LLC bought a new stake in American Express in the 2nd quarter worth about $115,000. MV Capital Management Inc. increased its holdings in American Express by 3.5% in the 2nd quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock worth $122,000 after buying an additional 49 shares in the last quarter. Westside Investment Management Inc. increased its holdings in American Express by 0.5% in the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after buying an additional 8 shares in the last quarter. Finally, City Holding Co. increased its holdings in American Express by 2.7% in the 2nd quarter. City Holding Co. now owns 1,572 shares of the payment services company’s stock worth $132,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 83.57% of the company’s stock.

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In other American Express news, insider Ashwini Gupta sold 57,306 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $95.04, for a total value of $5,446,362.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Peter Bush sold 12,789 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total value of $1,271,866.05. Following the completion of the sale, the insider now owns 92,504 shares of the company’s stock, valued at $9,199,522.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 318,254 shares of company stock valued at $31,059,302. 0.67% of the stock is owned by company insiders.

Several equities research analysts recently commented on AXP shares. Barclays lifted their price objective on American Express from $112.00 to $119.00 in a report on Friday, January 19th. Bank of America reissued a “buy” rating and issued a $102.00 target price on shares of American Express in a research report on Monday, October 9th. Oppenheimer set a $99.00 target price on American Express and gave the stock a “buy” rating in a research report on Thursday, October 19th. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $116.00 target price on shares of American Express in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $101.08.

American Express (NYSE AXP) opened at $99.41 on Tuesday. The firm has a market capitalization of $86,290.00, a P/E ratio of 33.25, a PEG ratio of 1.36 and a beta of 1.22. The company has a current ratio of 2.37, a quick ratio of 1.90 and a debt-to-equity ratio of 3.11. American Express has a 12-month low of $75.51 and a 12-month high of $102.39.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.04. American Express had a return on equity of 26.07% and a net margin of 8.08%. The company had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter in the previous year, the business earned $0.91 EPS. American Express’s revenue was up 10.2% compared to the same quarter last year. analysts forecast that American Express will post 7.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, January 4th. American Express’s payout ratio is currently 46.82%.

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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).

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

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