Strata Wealth Advisors LLC Sells 76 Shares of American Express (NYSE:AXP)

Strata Wealth Advisors LLC reduced its stake in shares of American Express (NYSE:AXP) by 0.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 15,336 shares of the payment services company’s stock after selling 76 shares during the period. American Express makes up 1.2% of Strata Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Strata Wealth Advisors LLC’s holdings in American Express were worth $3,551,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AXP. Mill Creek Capital Advisors LLC bought a new stake in American Express in the 2nd quarter worth $219,000. Marshall Wace LLP grew its stake in shares of American Express by 105.4% in the second quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock worth $232,000 after purchasing an additional 19,400 shares during the last quarter. Xponance Inc. increased its holdings in American Express by 0.7% during the 2nd quarter. Xponance Inc. now owns 100,194 shares of the payment services company’s stock valued at $23,200,000 after purchasing an additional 686 shares during the period. Bank of Montreal Can raised its position in American Express by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 1,048,371 shares of the payment services company’s stock valued at $251,609,000 after purchasing an additional 7,086 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in American Express by 1.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 9,137 shares of the payment services company’s stock worth $2,116,000 after buying an additional 140 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $267.29 on Tuesday. The company’s 50 day moving average is $249.56 and its 200 day moving average is $237.55. 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 cap of $192.26 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 1.42 and a beta of 1.21. American Express has a 52-week low of $140.91 and a 52-week high of $272.41.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.23. American Express had a return on equity of 32.94% and a net margin of 15.53%. The firm had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.60 billion. During the same period in the prior year, the business posted $2.89 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts anticipate that American Express will post 13.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on AXP. Wells Fargo & Company boosted their target price on American Express from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Citigroup started coverage on American Express in a research report on Monday, June 10th. They issued a “neutral” rating and a $250.00 target price for the company. Barclays lifted their price target on shares of American Express from $221.00 to $223.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 9th. BTIG Research initiated coverage on shares of American Express in a research note on Friday, June 7th. They set a “neutral” rating for the company. Finally, Compass Point began coverage on American Express in a research report on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 price target on the stock. Three 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. Based on data from MarketBeat, American Express presently has an average rating of “Hold” and an average target price of $230.78.

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.