Addison Advisors LLC buys 205 American Express (NYSE:AXP) shares

Addison Advisors LLC boosted its stake in American Express (NYSE:AXP) by 41.3% in the second quarter, Holdings Channel reports. The firm owned 701 shares of the payment services company’s stock after acquiring an additional 205 shares during the quarter. Addison Advisors LLC’s holdings in American Express were worth $162,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the company. Gryphon Financial Partners LLC bought a new position in American Express in the fourth quarter valued at approximately $224,000. Wealthspire Advisors LLC raised its position in American Express by 10.9% in the fourth quarter. Wealthspire Advisors LLC now owns 6,352 shares of the payment services company’s stock valued at $1,190,000 after acquiring an additional 625 shares in the last quarter. Principal Securities Inc. bought a new position in American Express during the fourth quarter valued at about $1,935,000. Van Hulzen Asset Management LLC purchased a new stake in shares of American Express during the fourth quarter valued at about $407,000. Finally, Berger Financial Group Inc acquired a new stake in shares of American Express during the fourth quarter valued at about $224,000. 84.33% of shares are currently owned by institutional investors.

American Express stock performance

Shares of American Express stock opened at $244.12 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66, and a debt-to-equity ratio of 1.74. The firm has a market cap of $175.60 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a fifty day simple moving average of $244.57 and a two hundred day simple moving average of $234.00. American Express has a 12 month low of $140.91 and a 12 month high of $261.75.

American Express (NYSE:AXP – Get Your Free Report ) last posted its quarterly earnings results on Friday, July 19th. The payment services company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.23. American Express had a return on equity of 32.94% and a net margin of 15.53%. The firm had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.60 billion. In the same period last year, the company earned $2.89 per share. The company’s revenue rose 9.2% year-over-year. On average, equities analysts anticipate that American Express will post 13.12 earnings per share for the current fiscal year.

Changes in Analyst Ratings

A number of analysts recently weighed in on AXP shares. Barclays boosted their price objective on American Express from $221.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. Royal Bank of Canada boosted their price objective on American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Jefferies Financial Group boosted their price objective on American Express from $225.00 to $235.00 and gave the company a “hold” rating in a research note on Tuesday, July 9th. William Blair reissued an “outperform” rating on shares of American Express in a research note on Monday, June 3rd. Finally, JPMorgan Chase & Co. upped their target price on American Express from $240.00 to $268.00 and gave the stock an “overweight” rating in a research note on Monday, July 8th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $230.70, according to MarketBeat.com.

Check out our latest report on American Express

American Express Company Profile

(Free report)

American Express, together with its subsidiaries, operates as an integrated payments company in the United States, Europe, the Middle East and Africa, Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean and internationally. It operates through four segments: US Consumer Services, Merchant Services, International Card Services and Global Merchant and Network Services.

See Also

Want to see what other hedge funds own AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for American Express (NYSE:AXP – Free Report).

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