BTIM Corp. reduced its position in American Express Company (NYSE:AXP) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 453,865 shares of the payment services company’s stock after selling 26,785 shares during the period. BTIM Corp.’s holdings in American Express Company were worth $31,566,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AXP. Pennsylvania Trust Company boosted its position in shares of American Express Company by 2.8% in the fourth quarter. Pennsylvania Trust Company now owns 85,597 shares of the payment services company’s stock valued at $5,953,000 after buying an additional 2,320 shares during the period. Private Asset Management boosted its position in shares of American Express Company by 5.8% in the fourth quarter. Private Asset Management now owns 16,500 shares of the payment services company’s stock valued at $1,148,000 after buying an additional 900 shares during the period. River & Mercantile Asset Management bought a new position in shares of American Express Company during the fourth quarter valued at $1,902,000. Searle & Company boosted its position in shares of American Express Company by 6.6% in the fourth quarter. Searle & Company now owns 24,400 shares of the payment services company’s stock valued at $1,649,000 after buying an additional 1,500 shares during the period. Finally, Kiltearn Partners boosted its position in shares of American Express Company by 34.4% in the fourth quarter. Kiltearn Partners now owns 636,200 shares of the payment services company’s stock valued at $44,248,000 after buying an additional 162,800 shares during the period.

Shares of American Express Company (NYSE:AXP) opened at 53.50 on Friday. American Express Company has a 1-year low of $52.15 and a 1-year high of $86.18. The company has a 50 day moving average price of $64.58 and a 200 day moving average price of $72.80. The stock has a market cap of $52.27 billion and a P/E ratio of 10.59.

American Express Company (NYSE:AXP) last announced its quarterly earnings results on Thursday, January 21st. The payment services company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.10. During the same period in the previous year, the business posted $1.22 EPS. The business earned $8.39 billion during the quarter, compared to the consensus estimate of $8.33 billion. The firm’s revenue was down 7.6% on a year-over-year basis. On average, equities analysts anticipate that American Express Company will post $5.49 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 10th. Shareholders of record on Friday, January 8th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, January 6th.

AXP has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on American Express Company from $87.00 to $77.50 in a research report on Thursday, October 8th. Deutsche Bank restated a “buy” rating on shares of American Express Company in a research report on Tuesday, October 6th. Sandler O’Neill restated a “buy” rating on shares of American Express Company in a research report on Wednesday, October 21st. Keefe, Bruyette & Woods restated a “buy” rating on shares of American Express Company in a research report on Wednesday, October 21st. Finally, Vetr upgraded American Express Company from a “hold” rating to a “buy” rating and set a $84.41 target price for the company in a research report on Monday, October 12th. Five investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. American Express Company currently has a consensus rating of “Hold” and a consensus target price of $76.78.

In other American Express Company news, insider Douglas E. Buckminster sold 46,345 shares of the firm’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $72.85, for a total value of $3,376,233.25. Following the completion of the sale, the insider now owns 37,849 shares of the company’s stock, valued at $2,757,299.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald A. Williams acquired 18,040 shares of the firm’s stock in a transaction on Tuesday, January 26th. The stock was purchased at an average cost of $55.51 per share, with a total value of $1,001,400.40. Following the purchase, the director now owns 59,125 shares of the company’s stock, valued at $3,282,028.75. The disclosure for this purchase can be found here.

American Express Company is a global services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Card Services, International Card Services, Global Commercial Services and Global Network & Merchant Services. The Company’s United States banking subsidiaries, Centurion Bank and AEBFSB, issue a range of Card products and services. It also issues its charge and credit Cards around the world either on its own or as cobrands with partnering institutions. The Company provides expense management and travel services to companies and organizations through its Global Corporate Payments and Global Business Travel businesses. The Global Network & Merchant Services (NYSE:AXP) segment operates a global payments network that processes and settles card transactions.

12 Month Chart for NYSE:AXP

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