J.W. Cole Advisors Inc. Boosts Stock Position in American Express (NYSE:AXP)

J.W. Cole Advisors Inc. increased its stake in American Express (NYSE:AXP) by 14.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,335 shares of the payment services company’s stock after buying an additional 1,049 shares during the period. J.W. Cole Advisors Inc.’s holdings in American Express were worth $1,559,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wesbanco Bank Inc. raised its holdings in American Express by 1.3% in the first quarter. Wesbanco Bank Inc. now owns 4,426 shares of the payment services company’s stock valued at $827,000 after acquiring an additional 55 shares in the last quarter. Grove Bank & Trust grew its position in shares of American Express by 1.7% during the first quarter. Grove Bank & Trust now owns 3,472 shares of the payment services company’s stock worth $649,000 after acquiring an additional 57 shares during the last quarter. NTV Asset Management LLC grew its position in American Express by 0.7% in the 1st quarter. NTV Asset Management LLC now owns 8,685 shares of the payment services company’s stock valued at $1,624,000 after buying an additional 60 shares in the last quarter. St. Johns Investment Management Company LLC boosted its position in shares of American Express by 0.6% during the 1st quarter. St. Johns Investment Management Company LLC now owns 10,031 shares of the payment services company’s stock valued at $1,876,000 after purchasing an additional 63 shares in the last quarter. Finally, Welch Group LLC lifted its stake in American Express by 0.5% during the first quarter. Welch Group LLC now owns 13,076 shares of the payment services company’s stock valued at $2,445,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 84.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AXP. Morgan Stanley increased their price target on shares of American Express from $143.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Monday, July 25th. Edward Jones upgraded American Express from a “hold” rating to a “buy” rating in a report on Monday, June 6th. Keefe, Bruyette & Woods lowered their price target on American Express from $220.00 to $201.00 in a report on Monday, July 11th. Oppenheimer set a $184.00 price objective on shares of American Express in a research note on Tuesday, July 19th. Finally, Wells Fargo & Company reduced their target price on American Express from $215.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $181.53.

American Express Stock Down 2.0 %

AXP stock opened at $153.08 on Friday. American Express has a twelve month low of $134.12 and a twelve month high of $199.55. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.74. The stock’s 50 day moving average is $153.92 and its 200-day moving average is $162.98. The firm has a market capitalization of $114.77 billion, a PE ratio of 15.70, a P/E/G ratio of 1.21 and a beta of 1.14.

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

About American Express

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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.

See Also

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

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