First Community Trust NA Sells 62 Shares of American Express (NYSE:AXP)

First Community Trust NA reduced its holdings in American Express (NYSE:AXP) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 685 shares of the payment services company’s stock after selling 62 shares during the period. First Community Trust NA’s holdings in American Express were worth $119,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AXP. Elequin Securities LLC bought a new stake in American Express in the 4th quarter valued at $25,000. Chelsea Counsel Co. acquired a new stake in American Express during the fourth quarter worth about $30,000. Steward Financial Group LLC increased its stake in American Express by 104.9% during the first quarter. Steward Financial Group LLC now owns 211 shares of the payment services company’s stock valued at $34,000 after acquiring an additional 108 shares during the period. Lakewood Asset Management LLC acquired a new position in American Express in the 4th quarter valued at approximately $37,000. Finally, Focused Wealth Management Inc lifted its position in shares of American Express by 1,400.0% in the 1st quarter. Focused Wealth Management Inc now owns 225 shares of the payment services company’s stock worth $37,000 after acquiring an additional 210 shares during the period. 83.08% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of NYSE:AXP traded up $1.05 during midday trading on Friday, reaching $162.83. The company’s stock had a trading volume of 1,759,259 shares, compared to its average volume of 3,167,043. The business’s fifty day simple moving average is $165.00 and its 200-day simple moving average is $163.87. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.59 and a quick ratio of 1.59. American Express has a fifty-two week low of $130.65 and a fifty-two week high of $182.15. The company has a market capitalization of $119.92 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.00 and a beta of 1.19.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 21st. The payment services company reported $2.89 EPS for the quarter, topping 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 firm had revenue of $15.05 billion for the quarter, compared to analyst estimates of $15.41 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. The company’s revenue was up 12.4% on a year-over-year basis. As a group, equities research analysts expect that American Express will post 11.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Robert W. Baird lowered American Express from an “outperform” rating to a “neutral” rating and set a $185.00 target price for the company. in a research note on Thursday, July 6th. 3M reaffirmed a “reiterates” rating on shares of American Express in a report on Friday, June 30th. Piper Sandler lowered shares of American Express from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $172.00 to $149.00 in a research report on Monday, July 24th. Oppenheimer lifted their price objective on American Express from $180.00 to $193.00 and gave the company an “outperform” rating in a report on Tuesday, July 18th. Finally, StockNews.com started coverage on American Express in a report on Thursday, August 17th. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, American Express presently has an average rating of “Hold” and an average price target 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.