Saxon Interests Inc. Acquires 87 Shares of American Express (NYSE:AXP)

Saxon Interests Inc. boosted its position in American Express (NYSE:AXP) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,900 shares of the payment services company’s stock after purchasing an additional 87 shares during the period. Saxon Interests Inc.’s holdings in American Express were worth $1,135,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. lifted its stake in American Express by 5.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 11,587 shares of the payment services company’s stock valued at $2,171,000 after purchasing an additional 609 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of American Express by 35.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 9,806 shares of the payment services company’s stock worth $1,837,000 after acquiring an additional 2,572 shares in the last quarter. Ieq Capital LLC lifted its position in shares of American Express by 11.2% during the fourth quarter. Ieq Capital LLC now owns 23,030 shares of the payment services company’s stock worth $4,314,000 after acquiring an additional 2,319 shares in the last quarter. US Asset Management LLC purchased a new stake in shares of American Express during the fourth quarter worth $657,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of American Express during the fourth quarter worth $1,098,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Up 0.9 %

Shares of NYSE:AXP traded up $2.21 on Friday, reaching $251.71. 2,149,718 shares of the company traded hands, compared to its average volume of 3,002,593. The business’s 50-day simple moving average is $237.19 and its 200 day simple moving average is $229.53. American Express has a 52 week low of $140.91 and a 52 week high of $256.24. The stock has a market capitalization of $181.06 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 1.38 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 (NYSE:AXP) last announced its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.23. American Express had a return on equity of 32.94% and a net margin of 15.53%. The firm had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.60 billion. During the same period last year, the firm earned $2.89 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities analysts anticipate that American Express will post 13.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AXP shares. Royal Bank of Canada increased their target price on American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. William Blair restated an “outperform” rating on shares of American Express in a research report on Monday, June 3rd. Bank of America increased their target price on American Express from $247.00 to $263.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft increased their target price on American Express from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, BTIG Research assumed coverage on shares of American Express in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.