American Express (NYSE:AXP) is Longview Partners Guernsey LTD’s 9th Largest Position

Longview Partners Guernsey LTD cut its stake in shares of American Express (NYSE:AXP) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,604,574 shares of the payment services company’s stock after selling 555,175 shares during the quarter. American Express comprises approximately 4.5% of Longview Partners Guernsey LTD’s investment portfolio, making the stock its 9th biggest holding. Longview Partners Guernsey LTD owned 0.36% of American Express worth $603,089,000 at the end of the most recent reporting period.

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

American Express Stock Up 0.1 %

AXP stock opened at $268.95 on Friday. The company has a market cap of $193.46 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 1.42 and a beta of 1.21. The firm has a 50-day moving average of $249.10 and a two-hundred day moving average of $236.97. American Express has a 12 month low of $140.91 and a 12 month high of $271.49. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.23. American Express had a return on equity of 32.94% and a net margin of 15.53%. The company had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.60 billion. During the same quarter in the previous year, the company posted $2.89 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, analysts forecast that American Express will post 13.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on American Express from $240.00 to $268.00 and gave the company an “overweight” rating in a report on Monday, July 8th. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Monday, June 3rd. Monness Crespi & Hardt increased their price target on shares of American Express from $260.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Compass Point began coverage on shares of American Express in a report on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 price objective for the company. Finally, Bank of America upped their price objective on shares of American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $230.78.

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.