American Express (NYSE:AXP) Shares Sold by Coastline Trust Co

Coastline Trust Co trimmed its stake in shares of American Express (NYSE:AXP) by 0.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,180 shares of the payment services company’s stock after selling 89 shares during the quarter. Coastline Trust Co’s holdings in American Express were worth $2,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC grew its stake in American Express by 7.6% during the 1st quarter. Signaturefd LLC now owns 10,330 shares of the payment services company’s stock worth $1,704,000 after purchasing an additional 726 shares in the last quarter. First National Bank of Hutchinson lifted its holdings in American Express by 6.5% during the 1st quarter. First National Bank of Hutchinson now owns 4,100 shares of the payment services company’s stock worth $676,000 after buying an additional 249 shares during the last quarter. Altfest L J & Co. Inc. lifted its holdings in American Express by 7.3% during the 1st quarter. Altfest L J & Co. Inc. now owns 3,199 shares of the payment services company’s stock worth $528,000 after buying an additional 219 shares during the last quarter. Shelton Capital Management lifted its holdings in American Express by 206.7% during the 1st quarter. Shelton Capital Management now owns 5,520 shares of the payment services company’s stock worth $910,000 after buying an additional 3,720 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in American Express by 95.8% during the 1st quarter. CWA Asset Management Group LLC now owns 3,133 shares of the payment services company’s stock worth $517,000 after buying an additional 1,533 shares during the last quarter. 83.08% of the stock is owned by institutional investors and hedge funds.

American Express Price Performance

Shares of AXP traded up $1.55 on Wednesday, reaching $160.05. The stock had a trading volume of 1,340,564 shares, compared to its average volume of 3,165,006. The firm has a market capitalization of $117.87 billion, a PE ratio of 16.13, a PEG ratio of 0.99 and a beta of 1.19. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.75. The firm has a 50-day moving average of $165.33 and a 200 day moving average of $163.90. American Express has a twelve month low of $130.65 and a twelve month high of $182.15.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 21st. The payment services company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.08. The business had revenue of $15.05 billion for the quarter, compared to analysts’ expectations of $15.41 billion. American Express had a return on equity of 29.26% and a net margin of 12.99%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.57 EPS. Sell-side analysts expect that American Express will post 11.13 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on AXP shares. Morgan Stanley reaffirmed an “overweight” rating and set a $188.00 price target on shares of American Express in a report on Monday, July 24th. Oppenheimer lifted their price target on American Express from $180.00 to $193.00 and gave the stock an “outperform” rating in a report on Tuesday, July 18th. Robert W. Baird downgraded American Express from an “outperform” rating to a “neutral” rating and set a $185.00 target price for the company. in a report on Thursday, July 6th. Stephens reissued an “underweight” rating and issued a $146.00 target price on shares of American Express in a report on Tuesday, July 18th. Finally, 58.com reissued a “reiterates” rating on shares of American Express in a report on Friday, June 30th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average target price of $173.06.

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.