Vanguard Personalized Indexing Management LLC Raises Position in American Express (NYSE:AXP)

Vanguard Personalized Indexing Management LLC lifted its stake in American Express (NYSE:AXP) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,734 shares of the payment services company’s stock after buying an additional 2,585 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in American Express were worth $14,477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AXP. Price T Rowe Associates Inc. MD lifted its holdings in American Express by 8.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock worth $1,923,399,000 after buying an additional 662,382 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of American Express by 11.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,855,211 shares of the payment services company’s stock worth $909,575,000 after acquiring an additional 496,153 shares in the last quarter. TD Asset Management Inc boosted its position in shares of American Express by 8.2% in the first quarter. TD Asset Management Inc now owns 2,595,370 shares of the payment services company’s stock worth $590,940,000 after buying an additional 195,876 shares during the period. Boston Partners raised its holdings in shares of American Express by 22.2% during the first quarter. Boston Partners now owns 2,129,175 shares of the payment services company’s stock worth $485,525,000 after acquiring an additional 387,166 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd bought a new position in American Express during the first quarter valued at about $433,709,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Up 1.7 %

Shares of NYSE AXP opened at $265.49 on Wednesday. The business has a 50-day moving average price of $247.42 and a 200 day moving average price of $236.22. 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 stock has a market cap of $190.97 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. American Express has a 52-week low of $140.91 and a 52-week high of $267.22.

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

Wall Street Analyst Weigh In

AXP has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price objective on American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. BTIG Research assumed coverage on shares of American Express in a research note on Friday, June 7th. They set a “neutral” rating for the company. Barclays upped their target price on shares of 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 increased their price target on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods raised their price target on shares of American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Monday, July 8th. Three investment 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 MarketBeat, American Express presently has a consensus rating of “Hold” and a consensus price target 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.