American Express (NYSE:AXP) Shares Sold by First National Trust Co

First National Trust Co lessened its stake in shares of American Express (NYSE:AXP) by 0.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 9,244 shares of the payment services company’s stock after selling 75 shares during the period. First National Trust Co’s holdings in American Express were worth $2,140,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AXP. Scarborough Advisors LLC acquired a new stake in shares of American Express during the 4th quarter valued at $25,000. Sachetta LLC purchased a new stake in shares of American Express in the fourth quarter valued at $29,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of American Express in the fourth quarter valued at $29,000. Game Plan Financial Advisors LLC lifted its holdings 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 valued at $30,000 after purchasing an additional 50 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new stake in shares of American Express in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AXP shares. Keefe, Bruyette & Woods increased their target price on American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Royal Bank of Canada increased their target price on American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Jefferies Financial Group increased their target price on American Express from $225.00 to $235.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Citigroup assumed coverage on shares of American Express in a research note on Monday, June 10th. They issued a “neutral” rating and a $250.00 price target on the stock. Finally, Bank of America downgraded shares of American Express from a “buy” rating to a “neutral” rating and set a $263.00 price target on the stock. in a research note on Wednesday, August 21st. Three 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $230.70.

American Express Stock Down 1.0 %

Shares of AXP opened at $251.74 on Thursday. The stock has a market cap of $178.96 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. American Express has a 12 month low of $140.91 and a 12 month high of $261.75. The company has a 50-day moving average price of $243.86 and a two-hundred day moving average price of $233.65.

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, topping analysts’ consensus estimates of $3.26 by $0.23. The firm had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.60 billion. American Express had a net margin of 15.53% and a return on equity of 32.94%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.89 earnings per share. Equities analysts predict that American Express will post 13.12 EPS 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.