American Express (NYSE:AXP) Position Lessened by Barrett Asset Management LLC

Barrett Asset Management LLC decreased its stake in American Express (NYSE:AXP) by 22.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,623 shares of the payment services company’s stock after selling 7,881 shares during the period. Barrett Asset Management LLC’s holdings in American Express were worth $4,978,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AXP. SBK Financial Inc. bought a new stake in shares of American Express in the 4th quarter worth approximately $25,000. Tyler Stone Wealth Management bought a new stake in shares of American Express in the 4th quarter worth approximately $25,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of American Express by 873.3% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 146 shares of the payment services company’s stock worth $27,000 after purchasing an additional 131 shares during the last quarter. Perkins Coie Trust Co bought a new stake in shares of American Express in the 1st quarter worth approximately $28,000. Finally, Rise Advisors LLC lifted its holdings in shares of American Express by 823.5% in the 1st quarter. Rise Advisors LLC now owns 157 shares of the payment services company’s stock worth $29,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 84.10% of the company’s stock.

American Express Stock Up 3.2 %

Shares of AXP stock opened at $158.44 on Friday. American Express has a 1 year low of $134.12 and a 1 year high of $199.55. The stock has a market cap of $118.79 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.18 and a beta of 1.14. The business’s fifty day moving average is $152.50 and its 200-day moving average is $163.92. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.63 and a current ratio of 1.63.

American Express (NYSE:AXPGet Rating) last issued its earnings results on Friday, July 22nd. The payment services company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.16. The business had revenue of $13.40 billion for the quarter, compared to analysts’ expectations of $12.54 billion. American Express had a return on equity of 32.81% and a net margin of 15.69%. The company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.80 EPS. Equities analysts expect that American Express will post 9.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

AXP has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered their target price on American Express from $220.00 to $201.00 in a research report on Monday, July 11th. Piper Sandler lowered their target price on American Express from $202.00 to $163.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 6th. Oppenheimer set a $184.00 target price on American Express in a research report on Tuesday, July 19th. Barclays raised their target price on American Express from $157.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, July 25th. Finally, Wells Fargo & Company lowered their target price on American Express from $215.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, American Express currently has an average rating of “Hold” and a consensus price target of $181.53.

American Express 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.

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

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