Nisa Investment Advisors LLC Has $61.30 Million Holdings in American Express (NYSE:AXP)

Nisa Investment Advisors LLC grew its position in shares of American Express (NYSE:AXP) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,721 shares of the payment services company’s stock after buying an additional 14,811 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American Express were worth $61,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in AXP. International Assets Investment Management LLC boosted its holdings in American Express by 0.8% in the fourth quarter. International Assets Investment Management LLC now owns 54,832 shares of the payment services company’s stock worth $10,272,000 after purchasing an additional 433 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of American Express during the 4th quarter worth about $28,000. Federated Hermes Inc. increased its holdings in shares of American Express by 7.4% during the 4th quarter. Federated Hermes Inc. now owns 51,881 shares of the payment services company’s stock valued at $9,719,000 after acquiring an additional 3,567 shares during the last quarter. Twin Capital Management Inc. bought a new position in shares of American Express in the 4th quarter valued at approximately $1,094,000. Finally, Fidelis Capital Partners LLC lifted its holdings in American Express by 17.7% in the 4th quarter. Fidelis Capital Partners LLC now owns 2,891 shares of the payment services company’s stock worth $542,000 after purchasing an additional 435 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.7 %

Shares of American Express stock traded up $1.82 on Monday, hitting $253.53. The company had a trading volume of 914,799 shares, compared to its average volume of 2,989,469. The stock has a market capitalization of $182.36 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.38 and a beta of 1.21. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66. American Express has a 1 year low of $140.91 and a 1 year high of $256.24. The stock has a 50 day moving average of $237.19 and a 200-day moving average of $229.73.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.23. American Express had a return on equity of 32.94% and a net margin of 15.53%. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.60 billion. During the same period last year, the business earned $2.89 EPS. The business’s revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts forecast that American Express will post 13.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on American Express from $240.00 to $268.00 and gave the stock an “overweight” rating in a report on Monday, July 8th. BMO Capital Markets boosted their price objective on shares of American Express from $167.00 to $175.00 and gave the company an “underperform” rating in a report on Monday, April 22nd. Bank of America increased their target price on shares of American Express from $247.00 to $263.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Evercore ISI boosted their price target on shares of American Express from $243.00 to $255.00 and gave the company an “in-line” rating in a report on Wednesday, April 24th. Finally, Compass Point began coverage on American Express in a research note on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 target price for the company. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $230.70.

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.