Walleye Capital LLC Increases Stake in American Express (NYSE:AXP)

Walleye Capital LLC lifted its stake in American Express (NYSE:AXP) by 5.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,750 shares of the payment services company’s stock after acquiring an additional 272 shares during the period. Walleye Capital LLC’s holdings in American Express were worth $1,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wesbanco Bank Inc. increased its holdings in American Express by 1.3% in the 1st quarter. Wesbanco Bank Inc. now owns 4,426 shares of the payment services company’s stock worth $827,000 after buying an additional 55 shares during the period. Grove Bank & Trust increased its holdings in American Express by 1.7% in the 1st quarter. Grove Bank & Trust now owns 3,472 shares of the payment services company’s stock worth $649,000 after buying an additional 57 shares during the period. NTV Asset Management LLC increased its holdings in American Express by 0.7% in the 1st quarter. NTV Asset Management LLC now owns 8,685 shares of the payment services company’s stock worth $1,624,000 after buying an additional 60 shares during the period. St. Johns Investment Management Company LLC increased its holdings in American Express by 0.6% in the 1st quarter. St. Johns Investment Management Company LLC now owns 10,031 shares of the payment services company’s stock worth $1,876,000 after buying an additional 63 shares during the period. Finally, Welch Group LLC increased its holdings in American Express by 0.5% in the 1st quarter. Welch Group LLC now owns 13,076 shares of the payment services company’s stock worth $2,445,000 after buying an additional 64 shares during the period. 84.10% of the stock is owned by hedge funds and other institutional investors.

American Express Trading Down 2.0 %

Shares of AXP stock opened at $153.08 on Monday. American Express has a fifty-two week low of $134.12 and a fifty-two week high of $199.55. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.63 and a current ratio of 1.63. The stock’s fifty day moving average is $154.14 and its two-hundred day moving average is $162.68. The firm has a market capitalization of $114.77 billion, a P/E ratio of 15.70, a PEG ratio of 1.19 and a beta of 1.14.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AXP shares. Morgan Stanley increased their price target on shares of American Express from $143.00 to $155.00 and gave the stock an “equal weight” rating in a report on Monday, July 25th. Wells Fargo & Company dropped their price objective on shares of American Express from $215.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 13th. Citigroup raised their price objective on shares of American Express from $148.00 to $159.00 in a research note 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 on the stock in a research note on Friday, June 17th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of American Express from $220.00 to $201.00 in a research note on Monday, July 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, American Express has a consensus rating of “Hold” and an average target price of $181.53.

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.

See Also

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express (NYSE:AXPGet Rating).

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

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