Headlands Technologies LLC Grows Stock Holdings in American Express (NYSE:AXP)

Headlands Technologies LLC increased its holdings in shares of American Express (NYSE:AXP) by 86.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,910 shares of the payment services company’s stock after purchasing an additional 887 shares during the period. Headlands Technologies LLC’s holdings in American Express were worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new position in shares of American Express in the 4th quarter valued at about $25,000. Sachetta LLC purchased a new stake in American Express in the 4th quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC purchased a new stake in American Express in the 4th quarter worth approximately $29,000. Game Plan Financial Advisors LLC grew its stake in shares of American Express by 62.5% during the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock worth $30,000 after purchasing an additional 50 shares during the period. Finally, Creekmur Asset Management LLC acquired a new position in shares of American Express in the 4th quarter valued at $32,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AXP shares. Jefferies Financial Group increased their price target on shares of American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a report on Tuesday, July 9th. Monness Crespi & Hardt lifted their price target on American Express from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Citigroup assumed coverage on American Express in a report on Monday, June 10th. They issued a “neutral” rating and a $250.00 price target for the company. William Blair reissued an “outperform” rating on shares of American Express in a report on Monday, June 3rd. Finally, Keefe, Bruyette & Woods upped their target price on American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $230.70.

American Express Trading Up 0.4 %

Shares of AXP stock opened at $255.10 on Friday. American Express has a twelve month low of $140.91 and a twelve month high of $261.75. The stock has a market cap of $183.49 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.37 and a beta of 1.21. The company’s 50-day moving average price is $245.86 and its 200-day moving average price is $235.06. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 19th. The payment services company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.23. American Express had a net margin of 15.53% and a return on equity of 32.94%. The business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.60 billion. During the same quarter in the prior year, the company posted $2.89 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities analysts predict that American Express will post 13.12 earnings per share for the current year.

American Express 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.