American Express (NYSE:AXP) Shares Sold by Auxier Asset Management

Auxier Asset Management decreased its holdings in American Express (NYSE:AXP) by 1.3% in the second quarter, Holdings Channel reports. The firm owned 7,098 shares of the payment services company’s stock after selling 90 shares during the period. Auxier Asset Management’s holdings in American Express were worth $1,644,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new stake in American Express in the fourth quarter worth about $25,000. Vermillion & White Wealth Management Group LLC acquired a new stake in American Express in the 4th quarter worth approximately $29,000. Game Plan Financial Advisors LLC grew its position in 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 last quarter. Creekmur Asset Management LLC acquired a new position in American Express during the 4th quarter valued at approximately $32,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of American Express in the fourth quarter worth $37,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Price Performance

Shares of American Express stock opened at $268.95 on Friday. The firm has a market cap of $193.46 billion, a PE ratio of 22.15, a P/E/G ratio of 1.42 and a beta of 1.21. American Express has a twelve month low of $140.91 and a twelve month high of $271.49. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. The business has a 50-day moving average price of $249.10 and a 200 day moving average price of $236.97.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on AXP. BTIG Research began coverage on shares of American Express in a report on Friday, June 7th. They set a “neutral” rating on the stock. Barclays boosted their price target 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. Bank of America raised their price objective on American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research note on Tuesday. Compass Point started coverage on American Express in a research report on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 target price on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of American Express from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $230.78.

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.