Brighton Jones LLC Sells 1,065 Shares of American Express (NYSE:AXP)

Brighton Jones LLC decreased its holdings in American Express (NYSE:AXP) by 20.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,227 shares of the payment services company’s stock after selling 1,065 shares during the quarter. Brighton Jones LLC’s holdings in American Express were worth $698,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Fisher Asset Management LLC increased its position in shares of American Express by 1.2% during the second quarter. Fisher Asset Management LLC now owns 15,370,083 shares of the payment services company’s stock worth $2,539,599,000 after purchasing an additional 185,909 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of American Express by 2.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 12,961,484 shares of the payment services company’s stock worth $1,833,273,000 after purchasing an additional 296,189 shares in the last quarter. Geode Capital Management LLC increased its position in shares of American Express by 2.1% during the first quarter. Geode Capital Management LLC now owns 9,454,238 shares of the payment services company’s stock worth $1,332,930,000 after purchasing an additional 194,116 shares in the last quarter. Morgan Stanley increased its position in shares of American Express by 6.3% during the first quarter. Morgan Stanley now owns 9,294,095 shares of the payment services company’s stock worth $1,314,558,000 after purchasing an additional 553,665 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of American Express by 9.4% during the first quarter. Artisan Partners Limited Partnership now owns 5,855,179 shares of the payment services company’s stock worth $828,157,000 after purchasing an additional 504,547 shares in the last quarter. 84.62% of the stock is owned by institutional investors.

AXP has been the topic of a number of recent analyst reports. Credit Suisse Group reaffirmed an “underperform” rating and set a $173.92 price target (up from $135.00) on shares of American Express in a research report on Monday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating and set a $160.00 price objective on shares of American Express in a report on Monday, June 7th. Royal Bank of Canada boosted their price objective on shares of American Express from $174.00 to $185.00 and gave the company a “sector perform” rating in a report on Monday, July 26th. started coverage on shares of American Express in a report on Friday, July 9th. They set a “neutral” rating and a $183.00 price objective on the stock. Finally, Morgan Stanley dropped their price objective on shares of American Express from $200.00 to $195.00 and set an “overweight” rating on the stock in a report on Thursday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, American Express has a consensus rating of “Hold” and a consensus target price of $167.72.

Shares of American Express stock opened at $162.63 on Friday. The firm has a 50-day simple moving average of $166.46 and a two-hundred day simple moving average of $158.35. The company has a market cap of $129.20 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.28. American Express has a fifty-two week low of $89.11 and a fifty-two week high of $179.67. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.58 and a current ratio of 1.58.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, July 22nd. The payment services company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $1.16. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.59 billion. American Express had a net margin of 18.72% and a return on equity of 26.15%. The company’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Equities research analysts forecast that American Express will post 8.82 EPS for the current year.

In related news, CFO Jeffrey C. Campbell sold 74,677 shares of the company’s stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $170.48, for a total transaction of $12,730,934.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc D. Gordon sold 13,424 shares of the company’s stock in a transaction dated Friday, September 10th. The stock was sold at an average price of $159.24, for a total transaction of $2,137,637.76. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

American Express Profile

American Express Co engages in the provision of charge and credit card products and travel-related services. It operates through the following segments: Global Consumer Services Group, Global Commercial Services, Global Merchant and Network Services, and Corporate and Other. The Global Consumer Services Group segment issues a wide range of proprietary consumer cards globally.

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

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