American Express (NYSE:AXP) Shares Purchased by Evergreen Capital Management LLC

Evergreen Capital Management LLC boosted its position in shares of American Express (NYSE:AXP) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,137 shares of the payment services company’s stock after buying an additional 140 shares during the period. Evergreen Capital Management LLC’s holdings in American Express were worth $2,116,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board raised its position in American Express by 2.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 255,403 shares of the payment services company’s stock valued at $59,139,000 after purchasing an additional 6,286 shares during the last quarter. Nippon Life Global Investors Americas Inc. increased its stake in American Express by 0.6% in the second quarter. Nippon Life Global Investors Americas Inc. now owns 43,070 shares of the payment services company’s stock valued at $9,973,000 after purchasing an additional 260 shares during the period. Certified Advisory Corp raised its holdings in shares of American Express by 4.0% in the second quarter. Certified Advisory Corp now owns 1,303 shares of the payment services company’s stock valued at $302,000 after buying an additional 50 shares during the last quarter. DRW Securities LLC boosted its stake in shares of American Express by 1,023.1% during the second quarter. DRW Securities LLC now owns 16,296 shares of the payment services company’s stock worth $3,761,000 after buying an additional 14,845 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of American Express by 20.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the payment services company’s stock worth $881,000 after buying an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Price Performance

Shares of NYSE:AXP opened at $267.29 on Tuesday. American Express has a one year low of $140.91 and a one year high of $272.41. The stock has a market cap of $192.26 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. The business’s fifty day moving average price is $249.56 and its two-hundred day moving average price is $237.55. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66.

American Express (NYSE:AXP) last posted its quarterly earnings data 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. 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 quarter last year, the business posted $2.89 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts forecast that American Express will post 13.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the company. Jefferies Financial Group upped their price objective on American Express from $225.00 to $235.00 and gave the company a “hold” rating in a research note on Tuesday, July 9th. 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. JPMorgan Chase & Co. upped their price objective on shares of American Express from $240.00 to $268.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Bank of America lifted their target price on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Finally, 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. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $230.78.

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.