Lavaca Capital LLC Purchases 155 Shares of American Express (NYSE:AXP)

Lavaca Capital LLC lifted its holdings in American Express (NYSE:AXP) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,626 shares of the payment services company’s stock after purchasing an additional 155 shares during the period. American Express comprises approximately 0.7% of Lavaca Capital LLC’s holdings, making the stock its 22nd biggest position. Lavaca Capital LLC’s holdings in American Express were worth $1,303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Scarborough Advisors LLC bought a new stake in American Express during the fourth quarter valued at about $25,000. Vermillion & White Wealth Management Group LLC purchased a new stake in American Express in the 4th quarter worth approximately $29,000. Game Plan Financial Advisors LLC raised its stake in American Express by 62.5% during the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock worth $30,000 after acquiring an additional 50 shares during the period. Creekmur Asset Management LLC purchased a new position in American Express during the fourth quarter valued at approximately $32,000. Finally, Transcendent Capital Group LLC bought a new position in shares of American Express in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AXP. BTIG Research started coverage on shares of American Express in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Citigroup assumed coverage on American Express in a research report on Monday, June 10th. They issued a “neutral” rating and a $250.00 price objective on the stock. Jefferies Financial Group increased their target price on American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price target on American Express from $240.00 to $268.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. Finally, William Blair reaffirmed 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 given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $230.78.

American Express Trading Up 0.1 %

AXP opened at $268.99 on Friday. The stock has a 50-day moving average of $249.10 and a 200 day moving average of $237.11. 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 has a 12 month low of $140.91 and a 12 month high of $271.49. The firm has a market cap 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 announced its earnings results on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.23. The firm had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.60 billion. American Express had a return on equity of 32.94% and a net margin of 15.53%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.89 EPS. As a group, research analysts forecast that American Express will post 13.12 EPS 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.