LVM Capital Management Ltd. MI Has $13.63 Million Holdings in American Express (NYSE:AXP)

LVM Capital Management Ltd. MI lifted its stake in shares of American Express (NYSE:AXP) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,244 shares of the payment services company’s stock after buying an additional 4,110 shares during the period. American Express comprises approximately 1.8% of LVM Capital Management Ltd. MI’s investment portfolio, making the stock its 17th biggest position. LVM Capital Management Ltd. MI’s holdings in American Express were worth $13,630,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of AXP. RB Capital Management LLC increased its holdings in American Express by 5.3% in the first quarter. RB Capital Management LLC now owns 3,783 shares of the payment services company’s stock valued at $707,000 after purchasing an additional 190 shares during the period. Roundview Capital LLC boosted its position in American Express by 0.4% during the first quarter. Roundview Capital LLC now owns 27,029 shares of the payment services company’s stock valued at $5,054,000 after acquiring an additional 105 shares during the last quarter. Zions Bancorporation N.A. boosted its position in American Express by 5.6% during the first quarter. Zions Bancorporation N.A. now owns 1,421 shares of the payment services company’s stock valued at $266,000 after acquiring an additional 75 shares during the last quarter. Covestor Ltd boosted its position in American Express by 207.1% during the first quarter. Covestor Ltd now owns 946 shares of the payment services company’s stock valued at $177,000 after acquiring an additional 638 shares during the last quarter. Finally, Donaldson Capital Management LLC bought a new stake in American Express during the first quarter valued at $397,000. 83.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AXP. StockNews.com began coverage on shares of American Express in a research report on Thursday, August 17th. They set a “hold” rating on the stock. 22nd Century Group reissued a “reiterates” rating on shares of American Express in a research report on Friday, June 30th. 3M reissued a “reiterates” rating on shares of American Express in a research report on Friday, June 30th. Bank of America cut their price objective on shares of American Express from $205.00 to $203.00 and set a “buy” rating on the stock in a research report on Monday, July 24th. Finally, 58.com reissued a “reiterates” rating on shares of American Express in a research report on Friday, June 30th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $173.06.

American Express Stock Performance

Shares of AXP stock traded up $2.14 during trading hours on Friday, hitting $163.92. 1,492,632 shares of the company were exchanged, compared to its average volume of 3,164,289. The firm has a fifty day simple moving average of $165.00 and a 200 day simple moving average of $163.87. 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 has a 52-week low of $130.65 and a 52-week high of $182.15. The stock has a market capitalization of $120.72 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.00 and a beta of 1.19.

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

American Express 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.