American Express (NYSE:AXP) Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC boosted its holdings in American Express (NYSE:AXP) by 1.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,137 shares of the payment services company’s stock after buying an additional 140 shares during the quarter. Evergreen Capital Management LLC’s holdings in American Express were worth $2,116,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AXP. Sawgrass Asset Management LLC increased its stake in shares of American Express by 0.4% during the 2nd quarter. Sawgrass Asset Management LLC now owns 10,384 shares of the payment services company’s stock valued at $2,404,000 after acquiring an additional 41 shares during the last quarter. Ignite Planners LLC increased its position in American Express by 0.9% during the second quarter. Ignite Planners LLC now owns 4,682 shares of the payment services company’s stock worth $1,103,000 after purchasing an additional 43 shares during the last quarter. Willner & Heller LLC raised its stake in American Express by 4.1% during the second quarter. Willner & Heller LLC now owns 1,087 shares of the payment services company’s stock worth $252,000 after purchasing an additional 43 shares during the period. Beacon Capital Management LLC boosted its holdings in shares of American Express by 18.9% in the 2nd quarter. Beacon Capital Management LLC now owns 271 shares of the payment services company’s stock valued at $63,000 after purchasing an additional 43 shares during the last quarter. Finally, Capital Wealth Planning LLC boosted its holdings in shares of American Express by 4.0% in the 2nd quarter. Capital Wealth Planning LLC now owns 1,112 shares of the payment services company’s stock valued at $257,000 after purchasing an additional 43 shares during the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Down 0.6 %

Shares of NYSE:AXP opened at $267.29 on Tuesday. The firm has a market cap of $192.26 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. The company has a fifty day simple moving average of $249.56 and a 200 day simple moving average of $237.55. 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 12-month low of $140.91 and a 12-month high of $272.41.

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

Wall Street Analysts Forecast Growth

AXP has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on American Express from $240.00 to $268.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. 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 report on Tuesday, September 17th. BTIG Research assumed coverage on American Express in a report on Friday, June 7th. They set a “neutral” rating for the company. Jefferies Financial Group increased their target price on shares of American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada lifted their price target on shares of American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $230.78.

About American Express

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.