American Express (NYSE:AXP) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in American Express (NYSE:AXP) by 156.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,957 shares of the payment services company’s stock after purchasing an additional 32,287 shares during the period. Intech Investment Management LLC’s holdings in American Express were worth $12,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Game Plan Financial Advisors LLC lifted its stake in shares of American Express by 62.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock valued at $30,000 after purchasing an additional 50 shares during the period. Scarborough Advisors LLC acquired a new position in American Express during the fourth quarter worth $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in American Express during the fourth quarter worth $29,000. DHJJ Financial Advisors Ltd. raised its position in American Express by 42.2% during the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after acquiring an additional 49 shares during the period. Finally, Riverview Trust Co acquired a new position in American Express during the first quarter worth $38,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Up 0.1 %

AXP stock opened at $268.95 on Friday. 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 twelve month low of $140.91 and a twelve month high of $271.49. The company’s 50 day moving average is $249.10 and its two-hundred day moving average is $236.97. The stock has a market cap of $193.46 billion, a P/E ratio of 22.15, a PEG ratio of 1.42 and a beta of 1.21.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $16.60 billion. During the same quarter last year, the company earned $2.89 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts expect that American Express will post 13.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AXP. William Blair restated an “outperform” rating on shares of American Express in a research report on Monday, June 3rd. JPMorgan Chase & Co. increased their target price on shares of American Express from $240.00 to $268.00 and gave the company an “overweight” rating in a research report on Monday, July 8th. Citigroup began coverage on shares of American Express in a report on Monday, June 10th. They issued a “neutral” rating and a $250.00 price objective for the company. Bank of America upped their price objective on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Barclays increased their target price on shares of American Express from $221.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $230.78.

American Express 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.