Oregon Public Employees Retirement Fund Holds Position in American Express Company (AXP)

Oregon Public Employees Retirement Fund maintained its position in shares of American Express Company (NYSE:AXP) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 80,782 shares of the payment services company’s stock at the end of the first quarter. Oregon Public Employees Retirement Fund’s holdings in American Express Company were worth $6,391,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Transamerica Financial Advisors Inc. increased its stake in American Express Company by 9.8% in the third quarter. Transamerica Financial Advisors Inc. now owns 83,444 shares of the payment services company’s stock worth $5,344,000 after buying an additional 7,446 shares during the period. Hosking Partners LLP increased its position in shares of American Express Company by 13.5% in the third quarter. Hosking Partners LLP now owns 619,464 shares of the payment services company’s stock worth $39,670,000 after buying an additional 73,636 shares during the last quarter. Bar Harbor Trust Services acquired a new stake in American Express Company during the third quarter worth approximately $5,811,000. Martin Investment Management LLC boosted its stake in American Express Company by 5.2% in the third quarter. Martin Investment Management LLC now owns 235,488 shares of the payment services company’s stock worth $15,081,000 after buying an additional 11,714 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in American Express Company by 359.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 12,400 shares of the payment services company’s stock worth $794,000 after buying an additional 9,700 shares during the period. Hedge funds and other institutional investors own 83.42% of the company’s stock.

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

American Express Company (NYSE:AXP) last released its quarterly earnings results on Wednesday, April 19th. The payment services company reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.06. American Express Company had a net margin of 16.24% and a return on equity of 25.24%. The company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same period in the prior year, the company earned $1.45 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Friday, July 7th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Wednesday, July 5th. American Express Company’s payout ratio is presently 23.19%.

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AXP has been the subject of several research reports. Vetr cut American Express Company from a “strong-buy” rating to a “buy” rating and set a $89.72 price target for the company. in a research report on Monday, February 27th. Zacks Investment Research lowered American Express Company from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Oppenheimer Holdings, Inc. set a $97.00 price target on American Express Company and gave the company a “buy” rating in a research note on Monday, March 6th. Credit Suisse Group reissued a “hold” rating and set a $75.00 target price (down previously from $94.00) on shares of American Express Company in a research note on Friday, March 10th. Finally, Instinet reissued a “reduce” rating and set a $63.00 target price on shares of American Express Company in a research note on Saturday, March 11th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the company. American Express Company has a consensus rating of “Hold” and an average price target of $82.71.

In other American Express Company news, insider Douglas E. Buckminster sold 3,000 shares of the firm’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $79.24, for a total transaction of $237,720.00. Following the completion of the transaction, the insider now owns 55,486 shares in the company, valued at $4,396,710.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marc D. Gordon sold 4,900 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $76.98, for a total transaction of $377,202.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,850 shares of company stock valued at $4,407,543. 0.67% of the stock is owned by corporate insiders.

About American Express Company

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).

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