2,212 Shares in American Express (NYSE:AXP) Bought by Arista Wealth Management LLC

Arista Wealth Management LLC acquired a new stake in American Express (NYSE:AXP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,212 shares of the payment services company’s stock, valued at approximately $512,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Gryphon Financial Partners LLC purchased a new position in shares of American Express in the 4th quarter valued at $224,000. Prairieview Wealth Partners LLC acquired a new position in American Express during the 4th quarter valued at approximately $341,000. InterOcean Capital Group LLC raised its holdings in shares of American Express by 21.6% in the fourth quarter. InterOcean Capital Group LLC now owns 3,249 shares of the payment services company’s stock worth $609,000 after buying an additional 577 shares during the last quarter. Tidemark LLC purchased a new stake in shares of American Express during the fourth quarter valued at $59,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in American Express by 5.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 79,090 shares of the payment services company’s stock worth $14,817,000 after acquiring an additional 3,788 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AXP has been the subject of several research analyst reports. Royal Bank of Canada raised their price objective on American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Jefferies Financial Group lifted their price objective on shares of American Express from $225.00 to $235.00 and gave the company a “hold” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of American Express from $240.00 to $268.00 and gave the stock an “overweight” rating in a research note on Monday, July 8th. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Monday, June 3rd. Finally, Bank of America lifted their price objective on American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $230.78.

American Express Trading Up 0.1 %

Shares of AXP stock opened at $268.95 on Friday. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $271.49. The firm has a market capitalization of $193.46 billion, a P/E ratio of 22.15, a PEG ratio of 1.42 and a beta of 1.21. The stock’s fifty day moving average is $249.10 and its two-hundred day moving average is $236.97. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.23. The company had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.60 billion. American Express had a net margin of 15.53% and a return on equity of 32.94%. American Express’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.89 EPS. Research analysts expect that American Express will post 13.12 earnings per share for the current fiscal year.

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.