Fishman Jay A Ltd. MI Sells 1,860 Shares of American Express Company (NYSE:AXP)

Fishman Jay A Ltd. MI decreased its stake in American Express Company (NYSE:AXP) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,682 shares of the payment services company's stock after selling 1,860 shares during the period. American Express comprises about 1.3% of Fishman Jay A Ltd. MI's holdings, making the stock its 17th largest holding. Fishman Jay A Ltd. MI's holdings in American Express were worth $12,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in AXP. Investment Management Corp VA ADV acquired a new position in American Express in the 4th quarter valued at approximately $29,000. Sellwood Investment Partners LLC acquired a new position in American Express in the 4th quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp acquired a new position in American Express in the 4th quarter valued at approximately $33,000. Nexus Investment Management ULC acquired a new position in American Express in the 1st quarter valued at approximately $34,000. Finally, Curio Wealth LLC acquired a new position in American Express in the 4th quarter valued at approximately $37,000. Institutional investors own 84.33% of the company's stock.

American Express Trading Up 0.7%

Shares of AXP opened at $298.50 on Friday. The firm has a market cap of $209.13 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.44 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $326.28. The firm has a 50 day moving average price of $283.36 and a 200-day moving average price of $288.77.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.17. The company had revenue of $16.97 billion during the quarter, compared to analyst estimates of $17.04 billion. American Express had a net margin of 15.31% and a return on equity of 32.48%. During the same period in the prior year, the business posted $3.33 EPS. As a group, equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, July 3rd. American Express's payout ratio is currently 22.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AXP shares. Monness Crespi & Hardt upped their price target on shares of American Express from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, April 21st. William Blair reiterated an "outperform" rating on shares of American Express in a research report on Monday, April 21st. Baird R W upgraded shares of American Express from a "strong sell" rating to a "hold" rating in a research report on Friday, March 14th. Redburn Atlantic upgraded shares of American Express from a "sell" rating to a "neutral" rating and decreased their price objective for the stock from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group decreased their price objective on shares of American Express from $367.00 to $330.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, American Express presently has an average rating of "Hold" and a consensus target price of $296.05.

Insider Transactions at American Express

In related news, insider Glenda G. Mcneal sold 3,019 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total value of $799,008.54. Following the transaction, the insider now owns 10,919 shares in the company, valued at $2,889,822.54. The trade was a 21.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Howard Grosfield sold 9,450 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the transaction, the insider now owns 9,402 shares in the company, valued at $2,590,251. This represents a 50.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

American Express Company Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.