Fort Washington Investment Advisors Inc. OH Sells 12,147 Shares of American Express (NYSE:AXP)

Fort Washington Investment Advisors Inc. OH lowered its position in American Express (NYSE:AXP) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 170,968 shares of the payment services company’s stock after selling 12,147 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in American Express were worth $18,686,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc boosted its stake in shares of American Express by 0.7% in the third quarter. Vanguard Group Inc now owns 49,872,420 shares of the payment services company’s stock valued at $5,310,914,000 after purchasing an additional 364,282 shares during the period. BlackRock Inc. raised its holdings in American Express by 0.7% in the fourth quarter. BlackRock Inc. now owns 45,477,488 shares of the payment services company’s stock valued at $4,334,916,000 after acquiring an additional 300,504 shares in the last quarter. FMR LLC raised its holdings in American Express by 49.5% in the fourth quarter. FMR LLC now owns 24,583,840 shares of the payment services company’s stock valued at $2,343,332,000 after acquiring an additional 8,136,470 shares in the last quarter. Northern Trust Corp raised its holdings in American Express by 1.9% in the fourth quarter. Northern Trust Corp now owns 9,705,630 shares of the payment services company’s stock valued at $925,141,000 after acquiring an additional 180,361 shares in the last quarter. Finally, Egerton Capital UK LLP raised its holdings in American Express by 18.4% in the first quarter. Egerton Capital UK LLP now owns 9,368,737 shares of the payment services company’s stock valued at $1,024,003,000 after acquiring an additional 1,452,890 shares in the last quarter. 83.61% of the stock is owned by hedge funds and other institutional investors.

Shares of AXP stock traded down $0.50 on Friday, reaching $123.44. 4,338,900 shares of the stock were exchanged, compared to its average volume of 3,360,504. The company has a market capitalization of $103.68 billion, a PE ratio of 16.84, a PEG ratio of 1.43 and a beta of 1.07. American Express has a one year low of $89.05 and a one year high of $126.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.63. The firm’s 50 day moving average price is $120.28.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 18th. The payment services company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.01. American Express had a return on equity of 29.86% and a net margin of 16.60%. The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.46 billion. During the same period in the previous year, the firm earned $1.86 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts anticipate that American Express will post 8.12 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 1.26%. American Express’s payout ratio is 21.28%.

AXP has been the topic of several analyst reports. Wells Fargo & Co reaffirmed a “buy” rating and issued a $125.00 target price (up previously from $115.00) on shares of American Express in a report on Tuesday, March 12th. Bank of America reaffirmed a “neutral” rating and issued a $108.00 target price on shares of American Express in a report on Thursday, March 14th. DZ Bank cut shares of American Express from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Oppenheimer set a $119.00 target price on shares of American Express and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Morgan Stanley lifted their target price on shares of American Express from $113.00 to $123.00 and gave the company an “equal weight” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. American Express has a consensus rating of “Hold” and a consensus price target of $121.43.

In other American Express news, CFO Jeffrey C. Campbell sold 6,500 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $122.93, for a total value of $799,045.00. Following the completion of the transaction, the chief financial officer now directly owns 68,379 shares of the company’s stock, valued at $8,405,830.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Stephen J. Squeri sold 15,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $114.69, for a total value of $1,720,350.00. Following the completion of the transaction, the chairman now directly owns 214,815 shares of the company’s stock, valued at $24,637,132.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 183,797 shares of company stock valued at $21,861,060. Insiders own 0.21% of the company’s stock.

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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