American Express (NYSE:AXP) Stock Holdings Increased by Sargent Investment Group LLC

Sargent Investment Group LLC grew its holdings in shares of American Express (NYSE:AXP) by 52.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,504 shares of the payment services company’s stock after purchasing an additional 2,915 shares during the period. Sargent Investment Group LLC’s holdings in American Express were worth $1,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AXP. Gryphon Financial Partners LLC acquired a new position in shares of American Express during the fourth quarter valued at approximately $224,000. Prairieview Wealth Partners LLC acquired a new position in shares of American Express during the 4th quarter valued at $341,000. Level Four Advisory Services LLC raised its stake in shares of American Express by 2.3% in the 4th quarter. Level Four Advisory Services LLC now owns 2,188 shares of the payment services company’s stock worth $410,000 after buying an additional 50 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in American Express by 4.2% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 13,321 shares of the payment services company’s stock valued at $2,496,000 after buying an additional 531 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in American Express by 8.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 12,982 shares of the payment services company’s stock worth $2,432,000 after acquiring an additional 989 shares during the period. 84.33% of the stock is currently owned by institutional investors.

American Express Price Performance

Shares of NYSE:AXP opened at $261.13 on Tuesday. The firm has a market capitalization of $187.83 billion, a PE ratio of 21.51, a PEG ratio of 1.42 and a beta of 1.21. 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 has a 1-year low of $140.91 and a 1-year high of $262.85. The business’s 50 day moving average is $246.87 and its 200-day moving average is $235.89.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AXP. BTIG Research started coverage on shares of American Express in a research report on Friday, June 7th. They set a “neutral” rating for the company. William Blair restated an “outperform” rating on shares of American Express in a research report on Monday, June 3rd. Monness Crespi & Hardt increased their price objective on American Express from $260.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Royal Bank of Canada lifted their target price on American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, Wells Fargo & Company upped their target price on American Express from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $230.70.

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.