DRW Securities LLC Has $3.76 Million Stock Position in American Express (NYSE:AXP)

DRW Securities LLC raised its position in American Express (NYSE:AXP) by 1,023.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,296 shares of the payment services company’s stock after acquiring an additional 14,845 shares during the period. DRW Securities LLC’s holdings in American Express were worth $3,761,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Alphinity Investment Management Pty Ltd acquired a new stake in American Express in the 1st quarter valued at $433,709,000. TD Asset Management Inc grew its holdings in shares of American Express by 62.1% during the fourth quarter. TD Asset Management Inc now owns 2,399,494 shares of the payment services company’s stock valued at $449,521,000 after buying an additional 919,337 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of American Express by 924.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock worth $197,149,000 after acquiring an additional 768,301 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of American Express by 8.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock worth $1,923,399,000 after acquiring an additional 662,382 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in American Express by 969.9% in the 4th quarter. Bank of Nova Scotia now owns 602,726 shares of the payment services company’s stock valued at $112,910,000 after acquiring an additional 546,389 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

NYSE AXP opened at $268.99 on Friday. The company has a market cap 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 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’s 50-day simple moving average is $249.10 and its two-hundred day simple moving average is $237.11. American Express has a 52 week low of $140.91 and a 52 week high of $271.49.

American Express (NYSE:AXP) last released its quarterly earnings data 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. American Express had a net margin of 15.53% and a return on equity of 32.94%. The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.60 billion. During the same period last year, the firm earned $2.89 EPS. American Express’s revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts predict that American Express will post 13.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on AXP shares. Citigroup initiated coverage on American Express in a report on Monday, June 10th. They set a “neutral” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. increased their price target on American Express from $240.00 to $268.00 and gave the company an “overweight” rating in a research report on Monday, July 8th. Wells Fargo & Company lifted their price objective on shares of American Express from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Jefferies Financial Group increased their target price on shares of American Express from $225.00 to $235.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Finally, Monness Crespi & Hardt boosted 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. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, American Express currently has an average rating of “Hold” and a consensus target price 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.