Hazlett Burt & Watson Inc. Has $469,000 Stock Position in American Express (NYSE:AXP)

Hazlett Burt & Watson Inc. cut its holdings in American Express (NYSE:AXP) by 3.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,026 shares of the payment services company’s stock after selling 80 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in American Express were worth $469,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sawgrass Asset Management LLC lifted its holdings in American Express by 0.4% in the second quarter. Sawgrass Asset Management LLC now owns 10,384 shares of the payment services company’s stock worth $2,404,000 after buying an additional 41 shares during the period. Spire Wealth Management lifted its holdings in shares of American Express by 1.0% during the 1st quarter. Spire Wealth Management now owns 4,315 shares of the payment services company’s stock valued at $983,000 after buying an additional 42 shares during the period. Ignite Planners LLC lifted its holdings in American Express by 0.9% in the second quarter. Ignite Planners LLC now owns 4,682 shares of the payment services company’s stock valued at $1,103,000 after acquiring an additional 43 shares during the period. Willner & Heller LLC increased its holdings in American Express by 4.1% during the second quarter. Willner & Heller LLC now owns 1,087 shares of the payment services company’s stock valued at $252,000 after buying an additional 43 shares during the last quarter. Finally, Beacon Capital Management LLC grew its holdings in American Express by 18.9% during the second quarter. Beacon Capital Management LLC now owns 271 shares of the payment services company’s stock valued at $63,000 after purchasing an additional 43 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

NYSE:AXP opened at $245.46 on Wednesday. The firm has a market cap of $176.56 billion, a PE ratio of 20.22, a price-to-earnings-growth 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 quick ratio of 1.66 and a current ratio of 1.66. The business has a 50 day moving average price of $245.10 and a 200-day moving average price of $234.79.

American Express (NYSE:AXP) last released its earnings results on Friday, July 19th. The payment services company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.23. The firm had revenue of $16.33 billion for 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 company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.89 EPS. Equities research analysts predict that American Express will post 13.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group raised their price target on American Express from $225.00 to $235.00 and gave the company a “hold” rating in a report on Tuesday, July 9th. Bank of America lowered shares of American Express from a “buy” rating to a “neutral” rating and set a $263.00 target price for the company. in a research note on Wednesday, August 21st. Royal Bank of Canada upped their target price on American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Barclays lifted their price objective on shares of American Express from $221.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 9th. Finally, BTIG Research assumed coverage on American Express in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.