Zhang Financial LLC Purchases 1,116 Shares of American Express (NYSE:AXP)

Zhang Financial LLC raised its position in American Express (NYSE:AXP) by 15.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,349 shares of the payment services company’s stock after acquiring an additional 1,116 shares during the period. Zhang Financial LLC’s holdings in American Express were worth $1,933,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Western Wealth Management LLC increased its holdings in shares of American Express by 3.7% during the 2nd quarter. Western Wealth Management LLC now owns 7,504 shares of the payment services company’s stock worth $1,738,000 after acquiring an additional 267 shares during the last quarter. Willner & Heller LLC increased its holdings in shares of American Express by 4.1% during the 2nd quarter. Willner & Heller LLC now owns 1,087 shares of the payment services company’s stock worth $252,000 after acquiring an additional 43 shares during the last quarter. Western Financial Corp CA acquired a new position in shares of American Express during the 2nd quarter worth approximately $1,070,000. Chapin Davis Inc. increased its holdings in shares of American Express by 9.1% during the 2nd quarter. Chapin Davis Inc. now owns 2,239 shares of the payment services company’s stock worth $518,000 after acquiring an additional 187 shares during the last quarter. Finally, Stokes Capital Advisors LLC increased its holdings in shares of American Express by 8.5% during the 2nd quarter. Stokes Capital Advisors LLC now owns 33,203 shares of the payment services company’s stock worth $7,688,000 after acquiring an additional 2,611 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AXP. Morgan Stanley upped their price objective on American Express from $222.00 to $226.00 and gave the company an “equal weight” rating in a report on Monday, April 22nd. Robert W. Baird upped their target price on American Express from $190.00 to $205.00 and gave the company an “underperform” rating in a research report on Wednesday, May 1st. BMO Capital Markets upped their target price on American Express from $167.00 to $175.00 and gave the company an “underperform” rating in a research report on Monday, April 22nd. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Monday, June 3rd. Finally, Monness Crespi & Hardt upped their target price on American Express from $260.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, American Express presently has an average rating of “Hold” and an average target price of $230.70.

American Express Trading Up 0.6 %

Shares of AXP stock traded up $1.53 on Monday, hitting $253.24. The company had a trading volume of 755,951 shares, compared to its average volume of 2,988,470. The stock’s 50-day moving average is $237.19 and its two-hundred day moving average is $229.73. American Express has a twelve month low of $140.91 and a twelve month high of $256.24. The firm has a market cap of $182.16 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.38 and a beta of 1.21. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66.

American Express (NYSE:AXP) last released its earnings results on Friday, July 19th. The payment services company reported $3.49 EPS 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 business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.60 billion. During the same quarter last year, the firm posted $2.89 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. On average, equities research analysts anticipate that American Express will post 13.24 earnings per share for the current fiscal 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.