American Express (NYSE:AXP) Shares Purchased by First City Capital Management Inc.

First City Capital Management Inc. boosted its holdings in shares of American Express (NYSE:AXP) by 14.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,582 shares of the payment services company’s stock after purchasing an additional 335 shares during the period. First City Capital Management Inc.’s holdings in American Express were worth $598,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AXP. Scarborough Advisors LLC acquired a new position in American Express in the 4th quarter valued at about $25,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of American Express in the 4th quarter valued at approximately $29,000. Game Plan Financial Advisors LLC grew its stake in shares of American Express by 62.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock valued at $30,000 after purchasing an additional 50 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in shares of American Express in the fourth quarter valued at approximately $32,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of American Express during the fourth quarter worth approximately $37,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Performance

NYSE AXP opened at $268.99 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $193.49 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. The business’s 50-day moving average price is $249.10 and its 200 day moving average price is $237.11. American Express has a twelve month low of $140.91 and a twelve month high of $271.49.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.26 by $0.23. The firm had revenue of $16.33 billion during the quarter, compared to analyst estimates 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 for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.89 earnings per share. On average, research analysts predict that American Express will post 13.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AXP shares. Barclays boosted their price objective on shares of American Express from $221.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. 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. BTIG Research assumed coverage on American Express in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Jefferies Financial Group raised their price target on American Express from $225.00 to $235.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Finally, 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 research report on Tuesday, September 17th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $230.78.

American Express 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.