Fidelis Capital Partners LLC Sells 193 Shares of American Express (NYSE:AXP)

Fidelis Capital Partners LLC trimmed its stake in American Express (NYSE:AXP) by 4.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,867 shares of the payment services company’s stock after selling 193 shares during the period. Fidelis Capital Partners LLC’s holdings in American Express were worth $885,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AXP. Game Plan Financial Advisors LLC lifted its stake in shares of American Express by 62.5% in the first quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock worth $30,000 after buying an additional 50 shares during the last quarter. 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 bought a new stake in American Express during the fourth quarter valued at about $29,000. DHJJ Financial Advisors Ltd. increased its stake in shares of American Express by 42.2% in the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after purchasing an additional 49 shares during the period. Finally, Riverview Trust Co bought a new position in shares of American Express in the first quarter worth about $38,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the topic of several research analyst reports. Bank of America raised their price objective on shares of American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Citigroup initiated coverage on shares of American Express in a report on Monday, June 10th. They set a “neutral” rating and a $250.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of American Express from $240.00 to $268.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. William Blair reissued an “outperform” rating on shares of American Express in a research report on Monday, June 3rd. Finally, Monness Crespi & Hardt raised their price objective on American Express from $260.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $230.78.

American Express Price Performance

AXP opened at $268.99 on Monday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $193.49 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. The company’s 50 day simple moving average is $249.10 and its 200-day simple moving average is $237.24. American Express has a one year low of $140.91 and a one year high of $271.49.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.23. The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.60 billion. American Express had a return on equity of 32.94% and a net margin of 15.53%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $2.89 EPS. Sell-side analysts anticipate that American Express will post 13.12 earnings per share 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.