American Express (NYSE:AXP) Stock Holdings Lessened by Fiduciary Group LLC

Fiduciary Group LLC lessened its holdings in shares of American Express (NYSE:AXP) by 1.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,911 shares of the payment services company’s stock after selling 262 shares during the period. Fiduciary Group LLC’s holdings in American Express were worth $3,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AXP. SRS Capital Advisors Inc. lifted its position in American Express by 5.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,220 shares of the payment services company’s stock worth $180,000 after acquiring an additional 63 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in American Express by 1.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 5,566 shares of the payment services company’s stock worth $1,041,000 after purchasing an additional 65 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in American Express by 1.3% in the 1st quarter. Koshinski Asset Management Inc. now owns 4,885 shares of the payment services company’s stock valued at $806,000 after purchasing an additional 65 shares during the period. Barden Capital Management Inc. grew its holdings in American Express by 0.7% in the 1st quarter. Barden Capital Management Inc. now owns 9,989 shares of the payment services company’s stock valued at $1,648,000 after buying an additional 66 shares in the last quarter. Finally, Frontier Wealth Management LLC increased its position in American Express by 0.5% during the 1st quarter. Frontier Wealth Management LLC now owns 13,355 shares of the payment services company’s stock worth $2,344,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 83.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on AXP shares. Piper Sandler lowered shares of American Express from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $172.00 to $149.00 in a research report on Monday, July 24th. Robert W. Baird lowered American Express from an “outperform” rating to a “neutral” rating and set a $185.00 price objective on the stock. in a research note on Thursday, July 6th. 58.com reiterated a “reiterates” rating on shares of American Express in a research report on Friday, June 30th. 51job restated a “reiterates” rating on shares of American Express in a research report on Friday, June 30th. Finally, 22nd Century Group reaffirmed a “reiterates” rating on shares of American Express in a research report on Friday, June 30th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $173.06.

American Express Stock Up 0.4 %

Shares of AXP stock traded up $0.67 during midday trading on Tuesday, reaching $158.50. 674,647 shares of the stock were exchanged, compared to its average volume of 3,164,476. American Express has a 1 year low of $130.65 and a 1 year high of $182.15. The firm has a market cap of $116.73 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 0.99 and a beta of 1.19. The company’s 50 day moving average is $165.67 and its two-hundred day moving average is $164.01. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.75.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 21st. The payment services company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.08. American Express had a net margin of 12.99% and a return on equity of 29.26%. The business had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $15.41 billion. During the same quarter last year, the firm earned $2.57 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities research analysts predict that American Express will post 11.13 EPS for the current year.

American Express Company Profile

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.