American Express (NYSE:AXP) Shares Bought by Blair William & Co. IL

Blair William & Co. IL grew its holdings in shares of American Express (NYSE:AXP) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 738,499 shares of the payment services company’s stock after purchasing an additional 9,097 shares during the period. Blair William & Co. IL owned approximately 0.10% of American Express worth $171,000,000 as of its most recent filing with the Securities and Exchange Commission.

Other 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 worth approximately $25,000. Sachetta LLC acquired a new stake in shares of American Express during the 4th quarter valued at $29,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of American Express during the 4th quarter worth $29,000. Game Plan Financial Advisors LLC grew its holdings in shares of American Express by 62.5% in 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 last quarter. Finally, Creekmur Asset Management LLC acquired a new stake in shares of American Express during the fourth quarter worth $32,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

AXP stock opened at $265.49 on Wednesday. The firm has a 50 day moving average of $247.42 and a two-hundred day moving average of $236.22. American Express has a 12 month low of $140.91 and a 12 month high of $267.22. The company has a market capitalization of $190.97 billion, a price-to-earnings ratio of 21.87, a P/E/G 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.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.23. American Express had a net margin of 15.53% and a return on equity of 32.94%. 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 company posted $2.89 earnings per share. American Express’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities analysts anticipate that American Express will post 13.12 EPS for the current fiscal year.

Analyst Ratings Changes

AXP has been the subject of a number of recent analyst reports. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Monday, June 3rd. Royal Bank of Canada raised their target price on shares of American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. BTIG Research assumed coverage on shares of American Express in a report on Friday, June 7th. They set a “neutral” rating on the stock. Monness Crespi & Hardt raised their price objective on shares of American Express from $260.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Citigroup started coverage on shares of American Express in a research note on Monday, June 10th. They set a “neutral” rating and a $250.00 target price on the stock. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.