American Express (NYSE:AXP) Shares Purchased by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC grew its stake in shares of American Express (NYSE:AXP) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,742 shares of the payment services company’s stock after acquiring an additional 200 shares during the period. J. W. Coons Advisors LLC’s holdings in American Express were worth $1,330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AXP. Scarborough Advisors LLC purchased a new position in shares of American Express during the 4th quarter worth approximately $25,000. Sachetta LLC purchased a new position in shares of American Express during the 4th quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of American Express during the 4th quarter worth approximately $29,000. Game Plan Financial Advisors LLC increased its stake in shares of American Express by 62.5% during the 1st 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 in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in shares of American Express during the 4th quarter worth approximately $32,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AXP has been the subject of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of American Express from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. lifted their target price on shares of American Express from $240.00 to $268.00 and gave the stock an “overweight” rating in a research note on Monday, July 8th. Keefe, Bruyette & Woods lifted their target price on shares of American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. BTIG Research began coverage on shares of American Express in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Finally, Jefferies Financial Group lifted their target price on shares of American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Express presently has a consensus rating of “Hold” and an average target price of $230.70.

American Express Stock Performance

Shares of AXP stock opened at $258.65 on Friday. American Express has a 12 month low of $140.91 and a 12 month high of $261.75. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $183.88 billion, a P/E ratio of 21.31, a P/E/G ratio of 1.45 and a beta of 1.21. The company’s fifty day moving average price is $242.42 and its two-hundred day moving average price is $232.75.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 EPS 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 firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.60 billion. During the same quarter in the previous year, the business posted $2.89 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. On average, research analysts anticipate that American Express will post 13.12 earnings per share for the current fiscal year.

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.