Transatlantique Private Wealth LLC Buys 110 Shares of American Express (NYSE:AXP)

Transatlantique Private Wealth LLC lifted its stake in American Express (NYSE:AXP) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,262 shares of the payment services company’s stock after acquiring an additional 110 shares during the period. Transatlantique Private Wealth LLC’s holdings in American Express were worth $1,667,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on American Express from $240.00 to $268.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. BTIG Research initiated coverage on shares of American Express in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Monness Crespi & Hardt upped their target price on shares of American Express from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Citigroup started coverage on shares of American Express in a research report on Monday, June 10th. They issued a “neutral” rating and a $250.00 price target on the stock. Finally, William Blair restated an “outperform” rating on shares of American Express in a report on Monday, June 3rd. Three 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 company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $230.78.

American Express Stock Up 0.1 %

Shares of NYSE:AXP opened at $268.95 on Friday. American Express has a 12 month low of $140.91 and a 12 month high of $271.49. The firm has a market cap of $193.46 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.42 and a beta of 1.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. The company’s 50-day moving average price is $249.10 and its two-hundred day moving average price is $236.97.

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