American Express (NYSE:AXP) Shares Acquired by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of American Express (NYSE:AXP) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,220,422 shares of the payment services company’s stock after purchasing an additional 23,487 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.17% of American Express worth $282,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AXP. Sawgrass Asset Management LLC boosted its stake in American Express by 0.4% in the 2nd quarter. Sawgrass Asset Management LLC now owns 10,384 shares of the payment services company’s stock worth $2,404,000 after purchasing an additional 41 shares during the period. Ignite Planners LLC boosted its position in shares of American Express by 0.9% in the second quarter. Ignite Planners LLC now owns 4,682 shares of the payment services company’s stock worth $1,103,000 after buying an additional 43 shares during the period. Willner & Heller LLC grew its holdings in shares of American Express by 4.1% during the second quarter. Willner & Heller LLC now owns 1,087 shares of the payment services company’s stock valued at $252,000 after buying an additional 43 shares in the last quarter. Beacon Capital Management LLC raised its position in American Express by 18.9% during the second quarter. Beacon Capital Management LLC now owns 271 shares of the payment services company’s stock valued at $63,000 after buying an additional 43 shares during the period. Finally, Capital Wealth Planning LLC boosted its position in American Express by 4.0% during the 2nd quarter. Capital Wealth Planning LLC now owns 1,112 shares of the payment services company’s stock worth $257,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the subject of several research reports. William Blair restated an “outperform” rating on shares of American Express in a report on Monday, June 3rd. Monness Crespi & Hardt lifted 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. Barclays boosted their price target on shares of American Express from $221.00 to $223.00 and gave the company an “equal weight” rating in a report on Tuesday, July 9th. Bank of America increased their price objective on American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Finally, Compass Point assumed coverage on American Express in a research note on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $230.78.

American Express Trading Up 0.1 %

Shares of AXP stock opened at $268.99 on Friday. American Express has a twelve month low of $140.91 and a twelve month high of $271.49. The stock’s fifty day simple moving average is $249.10 and its 200 day simple moving average is $237.11. 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 firm has a market capitalization of $193.49 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.42 and a beta of 1.21.

American Express (NYSE:AXP) last released its quarterly earnings results 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 firm had revenue of $16.33 billion during 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 for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.89 earnings per share. As a group, sell-side analysts predict that American Express will post 13.12 EPS 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.