Liberty Wealth Management LLC Purchases 2,641 Shares of American Express (NYSE:AXP)

Liberty Wealth Management LLC lifted its position in American Express (NYSE:AXP) by 173.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,168 shares of the payment services company’s stock after buying an additional 2,641 shares during the period. Liberty Wealth Management LLC’s holdings in American Express were worth $965,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AXP. Choreo LLC increased its holdings in shares of American Express by 221.6% in the second quarter. Choreo LLC now owns 15,575 shares of the payment services company’s stock worth $3,638,000 after acquiring an additional 10,732 shares in the last quarter. Prudential PLC grew its position in shares of American Express by 5.7% in the 2nd quarter. Prudential PLC now owns 73,256 shares of the payment services company’s stock valued at $16,962,000 after purchasing an additional 3,940 shares during the period. PFG Investments LLC increased its stake in American Express by 6.1% during the 2nd quarter. PFG Investments LLC now owns 6,502 shares of the payment services company’s stock worth $1,505,000 after purchasing an additional 373 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in American Express by 11.2% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 7,901 shares of the payment services company’s stock worth $1,829,000 after buying an additional 793 shares during the period. Finally, Moser Wealth Advisors LLC lifted its stake in American Express by 13.1% in the second quarter. Moser Wealth Advisors LLC now owns 2,326 shares of the payment services company’s stock valued at $539,000 after buying an additional 270 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. BTIG Research initiated coverage on American Express in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Compass Point began coverage on American Express in a research report on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Monday, July 8th. Finally, Jefferies Financial Group lifted their price objective on shares of American Express from $225.00 to $235.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $230.70.

American Express Price Performance

Shares of NYSE AXP opened at $250.92 on Tuesday. The stock has a market capitalization of $180.49 billion, a PE ratio of 20.67, a P/E/G ratio of 1.37 and a beta of 1.21. American Express has a fifty-two week low of $140.91 and a fifty-two week 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 business has a fifty day moving average price of $244.91 and a two-hundred day moving average price of $234.57.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 19th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.23. American Express had a net margin of 15.53% and a return on equity of 32.94%. The business had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.60 billion. During the same quarter last year, the business posted $2.89 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities analysts predict that American Express will post 13.12 earnings per share for the current fiscal year.

About American Express

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.