Arkadios Wealth Advisors lessened its stake in shares of American Express (NYSE:AXP) by 11.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,641 shares of the payment services company's stock after selling 326 shares during the period. Arkadios Wealth Advisors' holdings in American Express were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wesbanco Bank Inc. boosted its holdings in shares of American Express by 1.3% during the 1st quarter. Wesbanco Bank Inc. now owns 4,426 shares of the payment services company's stock valued at $827,000 after purchasing an additional 55 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of American Express by 1.7% in the 1st quarter. Grove Bank & Trust now owns 3,472 shares of the payment services company's stock valued at $649,000 after acquiring an additional 57 shares during the last quarter. NTV Asset Management LLC lifted its holdings in shares of American Express by 0.7% in the 1st quarter. NTV Asset Management LLC now owns 8,685 shares of the payment services company's stock valued at $1,624,000 after acquiring an additional 60 shares during the last quarter. St. Johns Investment Management Company LLC lifted its holdings in shares of American Express by 0.6% in the 1st quarter. St. Johns Investment Management Company LLC now owns 10,031 shares of the payment services company's stock valued at $1,876,000 after acquiring an additional 63 shares during the last quarter. Finally, Welch Group LLC lifted its holdings in shares of American Express by 0.5% in the 1st quarter. Welch Group LLC now owns 13,076 shares of the payment services company's stock valued at $2,445,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 84.10% of the company's stock.
Get American Express alerts:Analyst Ratings Changes
A number of brokerages recently commented on AXP. Wells Fargo & Company lowered their price target on shares of American Express from $215.00 to $190.00 and set an "overweight" rating for the company in a report on Wednesday, July 13th. Oppenheimer set a $184.00 price target on shares of American Express in a report on Tuesday, July 19th. Piper Sandler lowered their price target on shares of American Express from $202.00 to $163.00 and set an "overweight" rating for the company in a report on Wednesday, July 6th. Keefe, Bruyette & Woods decreased their price objective on shares of American Express from $220.00 to $201.00 in a research note on Monday, July 11th. Finally, Edward Jones raised shares of American Express from a "hold" rating to a "buy" rating in a research note on Monday, June 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $181.53.
American Express Stock Performance
Shares of NYSE:AXP opened at $140.26 on Friday. The firm has a market cap of $105.16 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.17 and a beta of 1.14. The firm's 50 day simple moving average is $155.00 and its 200-day simple moving average is $161.98. American Express has a one year low of $134.12 and a one year high of $199.55. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.63 and a current ratio of 1.63.American Express (NYSE:AXP – Get Rating) last issued its quarterly earnings data on Friday, July 22nd. The payment services company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.16. The company had revenue of $13.40 billion for the quarter, compared to analyst estimates of $12.54 billion. American Express had a net margin of 15.69% and a return on equity of 32.81%. American Express's revenue was up 30.8% compared to the same quarter last year. During the same period last year, the company posted $2.80 earnings per share. As a group, equities analysts predict that American Express will post 9.88 EPS for the current year.
American Express Profile
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American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.
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