Neuberger Berman Group LLC Grows Holdings in American Express (NYSE:AXP)

Neuberger Berman Group LLC increased its position in shares of American Express (NYSE:AXP) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 323,141 shares of the payment services company’s stock after buying an additional 3,941 shares during the period. Neuberger Berman Group LLC’s holdings in American Express were worth $60,488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lmcg Investments LLC bought a new stake in shares of American Express in the 1st quarter worth about $377,000. Sage Mountain Advisors LLC increased its position in shares of American Express by 3.5% in the 1st quarter. Sage Mountain Advisors LLC now owns 2,464 shares of the payment services company’s stock worth $461,000 after purchasing an additional 83 shares during the last quarter. Summit Global Investments increased its position in shares of American Express by 421.5% in the 1st quarter. Summit Global Investments now owns 8,522 shares of the payment services company’s stock worth $1,594,000 after purchasing an additional 6,888 shares during the last quarter. 1900 Wealth Management LLC increased its position in shares of American Express by 5.1% in the 1st quarter. 1900 Wealth Management LLC now owns 2,268 shares of the payment services company’s stock worth $424,000 after purchasing an additional 111 shares during the last quarter. Finally, Global Trust Asset Management LLC increased its position in shares of American Express by 50.4% in the 1st quarter. Global Trust Asset Management LLC now owns 1,444 shares of the payment services company’s stock worth $270,000 after purchasing an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 84.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AXP shares. Barclays boosted their price objective on shares of American Express from $157.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, July 25th. Piper Sandler lowered their price objective on shares of American Express from $202.00 to $163.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Citigroup boosted their price objective on shares of American Express from $148.00 to $159.00 in a research report on Tuesday, July 26th. Robert W. Baird raised shares of American Express from a “neutral” rating to an “outperform” rating and set a $175.00 price objective for the company in a research report on Friday, June 17th. Finally, Morgan Stanley boosted their price objective on shares of American Express from $143.00 to $155.00 and gave the company an “equal weight” rating in a research report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $181.53.

American Express Trading Down 2.0 %

Shares of NYSE:AXP opened at $153.08 on Monday. The company has a 50 day moving average of $154.14 and a 200-day moving average of $162.68. The firm has a market cap of $114.77 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.19 and a beta of 1.14. American Express has a twelve month low of $134.12 and a twelve month high of $199.55. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.74.

American Express (NYSE:AXPGet Rating) last issued its quarterly earnings results on Friday, July 22nd. The payment services company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.16. American Express had a net margin of 15.69% and a return on equity of 32.81%. The company had revenue of $13.40 billion during the quarter, compared to analyst estimates of $12.54 billion. During the same period in the prior year, the business posted $2.80 EPS. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, analysts anticipate that American Express will post 9.88 earnings per share for the current fiscal year.

American Express Company Profile

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American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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