Mason Street Advisors LLC Decreases Position in American Express (NYSE:AXP)

Mason Street Advisors LLC lessened its holdings in American Express (NYSE:AXP) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,925 shares of the payment services company’s stock after selling 735 shares during the period. Mason Street Advisors LLC’s holdings in American Express were worth $11,464,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Coastal Investment Advisors Inc. lifted its position in shares of American Express by 15.3% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 9,108 shares of the payment services company’s stock worth $1,127,000 after purchasing an additional 1,208 shares during the last quarter. CSat Investment Advisory L.P. lifted its position in shares of American Express by 16.8% during the 2nd quarter. CSat Investment Advisory L.P. now owns 10,178 shares of the payment services company’s stock worth $1,256,000 after purchasing an additional 1,466 shares during the last quarter. Aperio Group LLC lifted its position in shares of American Express by 3.1% during the 2nd quarter. Aperio Group LLC now owns 566,433 shares of the payment services company’s stock worth $69,920,000 after purchasing an additional 16,907 shares during the last quarter. Aft Forsyth & Company Inc. lifted its position in shares of American Express by 1.1% during the 2nd quarter. Aft Forsyth & Company Inc. now owns 9,181 shares of the payment services company’s stock worth $1,133,000 after purchasing an additional 100 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of American Express by 306.2% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 144,420 shares of the payment services company’s stock worth $17,827,000 after purchasing an additional 108,870 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

In related news, insider Denise Pickett sold 2,400 shares of American Express stock in a transaction on Friday, October 25th. The shares were sold at an average price of $118.39, for a total transaction of $284,136.00. Following the sale, the insider now directly owns 9,788 shares in the company, valued at approximately $1,158,801.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theodore Leonsis sold 8,420 shares of American Express stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $116.44, for a total transaction of $980,424.80. Following the sale, the director now owns 11,580 shares in the company, valued at $1,348,375.20. The disclosure for this sale can be found here. Insiders have sold a total of 25,820 shares of company stock worth $3,039,511 over the last quarter. 0.21% of the stock is owned by company insiders.

NYSE:AXP traded down $0.57 during midday trading on Monday, hitting $120.90. 1,700,544 shares of the company were exchanged, compared to its average volume of 3,349,832. The company has a fifty day simple moving average of $117.31 and a 200 day simple moving average of $120.44. American Express has a fifty-two week low of $89.05 and a fifty-two week high of $129.34. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.54. The company has a market capitalization of $97.19 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.38 and a beta of 1.05.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 18th. The payment services company reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.01. American Express had a net margin of 16.51% and a return on equity of 29.68%. The firm had revenue of $10.99 billion for the quarter, compared to analyst estimates of $10.94 billion. During the same period last year, the business earned $1.88 EPS. American Express’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities research analysts expect that American Express will post 8.16 EPS for the current year.

The business also recently declared a 0.39000 dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 4th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, October 3rd. This represents a yield of 1.3%. American Express’s dividend payout ratio is currently 23.47%.

AXP has been the subject of several recent analyst reports. ValuEngine cut shares of American Express from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. set a $122.00 price objective on shares of American Express and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Oppenheimer set a $126.00 price objective on shares of American Express and gave the stock a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group set a $130.00 price objective on shares of American Express and gave the stock a “hold” rating in a research report on Friday, July 19th. Finally, William Blair reaffirmed a “buy” rating on shares of American Express in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $124.96.

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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