Thrivent Financial for Lutherans Has $107.35 Million Stake in American Express (NYSE:AXP)

Thrivent Financial for Lutherans trimmed its holdings in shares of American Express (NYSE:AXP) by 7.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 463,593 shares of the payment services company’s stock after selling 37,440 shares during the quarter. Thrivent Financial for Lutherans owned about 0.06% of American Express worth $107,345,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. raised its stake in shares of American Express by 9.7% in the 2nd quarter. Sei Investments Co. now owns 329,361 shares of the payment services company’s stock valued at $76,262,000 after acquiring an additional 29,046 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of American Express by 4.5% in the second quarter. Pacer Advisors Inc. now owns 40,554 shares of the payment services company’s stock valued at $9,390,000 after purchasing an additional 1,754 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of American Express by 37.5% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 164,745 shares of the payment services company’s stock worth $38,129,000 after buying an additional 44,937 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of American Express by 23.9% during the 2nd quarter. AE Wealth Management LLC now owns 14,979 shares of the payment services company’s stock worth $3,469,000 after buying an additional 2,894 shares during the period. Finally, Sprucegrove Investment Management Ltd. grew its stake in American Express by 1.5% in the 2nd quarter. Sprucegrove Investment Management Ltd. now owns 62,497 shares of the payment services company’s stock valued at $14,471,000 after buying an additional 900 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of research analyst reports. BTIG Research began coverage on shares of American Express in a research report on Friday, June 7th. They set a “neutral” rating for the company. Bank of America boosted their price objective on American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Monday, June 3rd. Wells Fargo & Company upped their price target on American Express from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Finally, Royal Bank of Canada boosted their target price on shares of American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $230.78.

American Express Trading Up 0.1 %

Shares of AXP opened at $268.95 on Friday. The stock’s fifty day simple moving average is $249.10 and its 200-day simple moving average is $236.97. The firm has a market capitalization of $193.46 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. American Express has a 12-month low of $140.91 and a 12-month high of $271.49. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74.

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

About American Express

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.