American Express Company $AXP Shares Bought by Fiduciary Alliance LLC

Fiduciary Alliance LLC lifted its stake in shares of American Express Company (NYSE:AXP) by 1.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 13,514 shares of the payment services company’s stock after purchasing an additional 138 shares during the quarter. Fiduciary Alliance LLC’s holdings in American Express were worth $4,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in American Express in the 4th quarter valued at $29,000. MorganRosel Wealth Management LLC acquired a new position in shares of American Express during the 1st quarter valued at about $29,000. Nexus Investment Management ULC purchased a new stake in shares of American Express in the first quarter valued at about $34,000. Hughes Financial Services LLC acquired a new stake in American Express during the first quarter worth about $35,000. Finally, 1 North Wealth Services LLC purchased a new stake in shares of American Express in the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. DZ Bank lowered shares of American Express from a “hold” rating to a “sell” rating in a research report on Monday, July 21st. Keefe, Bruyette & Woods increased their price target on American Express from $360.00 to $371.00 and gave the stock an “outperform” rating in a report on Wednesday, July 9th. Morgan Stanley boosted their price objective on shares of American Express from $250.00 to $311.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, July 14th. Finally, Monness Crespi & Hardt cut American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $315.20.

Insider Buying and Selling at American Express

In other American Express news, insider Laureen Seeger sold 61,721 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $297.47, for a total transaction of $18,360,145.87. Following the transaction, the insider owned 9,001 shares in the company, valued at $2,677,527.47. The trade was a 87.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total value of $7,671,326.85. Following the completion of the sale, the insider owned 123,613 shares of the company’s stock, valued at approximately $40,343,574.81. This trade represents a 15.98% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 269,996 shares of company stock worth $85,261,270. Corporate insiders own 0.20% of the company’s stock.

American Express Stock Up 0.6%

Shares of NYSE:AXP opened at $327.28 on Tuesday. The stock has a 50-day simple moving average of $313.38 and a 200-day simple moving average of $292.08. The stock has a market capitalization of $227.75 billion, a P/E ratio of 22.97, a PEG ratio of 1.72 and a beta of 1.28. American Express Company has a 1 year low of $220.43 and a 1 year high of $332.46. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating the consensus estimate of $3.86 by $0.22. American Express had a net margin of 14.78% and a return on equity of 32.87%. The firm had revenue of $17.86 billion for the quarter, compared to analyst estimates of $17.70 billion. During the same quarter last year, the firm posted $3.49 earnings per share. American Express’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Company Profile

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