Crescent Grove Advisors LLC Purchases 223 Shares of American Express (NYSE:AXP)

Crescent Grove Advisors LLC increased its position in shares of American Express (NYSE:AXP) by 18.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,432 shares of the payment services company’s stock after acquiring an additional 223 shares during the period. Crescent Grove Advisors LLC’s holdings in American Express were worth $332,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AXP. Scarborough Advisors LLC acquired a new position in shares of American Express in the fourth quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners bought a new position in shares of American Express during the fourth quarter valued at $28,000. Sachetta LLC acquired a new position in shares of American Express during the fourth quarter worth $29,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of American Express during the fourth quarter worth $29,000. Finally, Game Plan Financial Advisors LLC grew its stake in shares of American Express by 62.5% in the first quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock worth $30,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AXP. Barclays raised their target price on American Express from $221.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 9th. William Blair reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, June 3rd. Jefferies Financial Group increased their target price on shares of American Express from $225.00 to $235.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. StockNews.com upgraded shares of American Express from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of American Express from $240.00 to $268.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $230.70.

American Express Stock Down 2.7 %

AXP traded down $6.78 during mid-day trading on Wednesday, reaching $246.30. 3,501,910 shares of the stock were exchanged, compared to its average volume of 2,988,977. The company has a 50 day moving average price of $238.63 and a two-hundred day moving average price of $230.53. 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 market capitalization of $177.16 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21.

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

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.