Lake Street Financial LLC Purchases 388 Shares of American Express (NYSE:AXP)

Lake Street Financial LLC lifted its position in American Express (NYSE:AXPGet Rating) by 17.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,676 shares of the payment services company’s stock after purchasing an additional 388 shares during the quarter. Lake Street Financial LLC’s holdings in American Express were worth $371,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AXP. Trinity Legacy Partners LLC grew its position in American Express by 336.7% in the second quarter. Trinity Legacy Partners LLC now owns 18,133 shares of the payment services company’s stock worth $2,549,000 after acquiring an additional 13,981 shares in the last quarter. Arden Trust Co purchased a new position in shares of American Express during the second quarter valued at approximately $1,309,000. Rothschild Investment Corp IL boosted its position in shares of American Express by 2.5% during the second quarter. Rothschild Investment Corp IL now owns 10,265 shares of the payment services company’s stock valued at $1,423,000 after buying an additional 246 shares during the period. Country Trust Bank boosted its position in shares of American Express by 5.0% during the second quarter. Country Trust Bank now owns 228,282 shares of the payment services company’s stock valued at $31,644,000 after buying an additional 10,907 shares during the period. Finally, 626 Financial LLC boosted its position in shares of American Express by 2.8% during the second quarter. 626 Financial LLC now owns 3,665 shares of the payment services company’s stock valued at $509,000 after buying an additional 101 shares during the period. 84.10% of the stock is owned by institutional investors.

American Express Price Performance

Shares of AXP opened at $148.71 on Thursday. American Express has a 1-year low of $134.12 and a 1-year high of $199.55. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $111.50 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.20 and a beta of 1.14. The company’s fifty day moving average price is $154.91 and its 200-day moving average price is $162.28.

American Express (NYSE:AXPGet Rating) last posted its quarterly earnings results on Friday, July 22nd. The payment services company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.41 by $0.16. American Express had a net margin of 15.69% and a return on equity of 32.81%. The company had revenue of $13.40 billion for the quarter, compared to analyst estimates of $12.54 billion. During the same period in the prior year, the company earned $2.80 earnings per share. The firm’s revenue was up 30.8% on a year-over-year basis. On average, equities research analysts predict that American Express will post 9.88 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird upgraded American Express from a “neutral” rating to an “outperform” rating and set a $175.00 target price for the company in a research report on Friday, June 17th. Edward Jones raised shares of American Express from a “hold” rating to a “buy” rating in a research note on Monday, June 6th. Piper Sandler reduced their price objective on shares of American Express from $202.00 to $163.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. Barclays upped their price target on American Express from $157.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Monday, July 25th. Finally, Oppenheimer set a $184.00 price target on American Express in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $181.53.

American Express Company Profile

(Get Rating)

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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