Knightsbridge Asset Management LLC Has $7.19 Million Holdings in American Express Company (AXP)

Knightsbridge Asset Management LLC lowered its position in shares of American Express Company (NYSE:AXP) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,463 shares of the payment services company’s stock after selling 560 shares during the quarter. American Express accounts for 5.0% of Knightsbridge Asset Management LLC’s investment portfolio, making the stock its 14th largest holding. Knightsbridge Asset Management LLC’s holdings in American Express were worth $7,188,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Beacon Financial Group increased its holdings in shares of American Express by 8.6% in the 2nd quarter. Beacon Financial Group now owns 15,757 shares of the payment services company’s stock valued at $1,318,000 after purchasing an additional 1,245 shares in the last quarter. First Command Bank increased its holdings in shares of American Express by 4.7% in the 2nd quarter. First Command Bank now owns 2,849 shares of the payment services company’s stock valued at $240,000 after purchasing an additional 127 shares in the last quarter. BKD Wealth Advisors LLC increased its holdings in shares of American Express by 7.8% in the 2nd quarter. BKD Wealth Advisors LLC now owns 22,770 shares of the payment services company’s stock valued at $1,918,000 after purchasing an additional 1,657 shares in the last quarter. Country Club Trust Company n.a. increased its holdings in shares of American Express by 12.1% in the 2nd quarter. Country Club Trust Company n.a. now owns 7,433 shares of the payment services company’s stock valued at $626,000 after purchasing an additional 800 shares in the last quarter. Finally, City Holding Co. increased its holdings in shares of American Express by 2.7% in the 2nd quarter. City Holding Co. now owns 1,572 shares of the payment services company’s stock valued at $132,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 83.35% of the company’s stock.

In other American Express news, insider James Peter Bush sold 12,789 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the sale, the insider now directly owns 92,504 shares of the company’s stock, valued at approximately $9,199,522.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Linda Zukauckas sold 3,196 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $95.42, for a total transaction of $304,962.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 442,869 shares of company stock worth $42,823,869. 0.67% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of American Express from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays set a $119.00 price target on shares of American Express and gave the company an “equal weight” rating in a report on Thursday. Bank of America increased their price target on shares of American Express from $102.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Jefferies Group reiterated an “in-line” rating and issued a $93.00 price target (up previously from $85.00) on shares of American Express in a report on Thursday, October 19th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $98.00 price target on shares of American Express in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $98.96.

Shares of American Express Company (AXP) opened at $100.73 on Friday. The company has a market cap of $87,430.00, a PE ratio of 19.45, a P/E/G ratio of 1.49 and a beta of 1.22. American Express Company has a 12 month low of $75.39 and a 12 month high of $101.65. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31.

American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. The firm had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.24 EPS. equities analysts anticipate that American Express Company will post 5.86 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.39%. American Express’s payout ratio is 27.03%.

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American Express Company Profile

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).

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

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