Kintegral Advisory LLC Purchases 659 Shares of American Express (NYSE:AXP)

Kintegral Advisory LLC lifted its holdings in shares of American Express (NYSE:AXP) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 44,318 shares of the payment services company’s stock after acquiring an additional 659 shares during the period. American Express makes up approximately 1.0% of Kintegral Advisory LLC’s investment portfolio, making the stock its 17th largest holding. Kintegral Advisory LLC’s holdings in American Express were worth $10,262,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AXP shares. BTIG Research started coverage on American Express in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Robert W. Baird raised their target price on American Express from $190.00 to $205.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 1st. Bank of America lowered American Express from a “buy” rating to a “neutral” rating and set a $263.00 target price on the stock. in a research report on Wednesday, August 21st. Barclays lifted their price target 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. Finally, Keefe, Bruyette & Woods lifted 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. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, American Express currently has an average rating of “Hold” and an average target price of $230.70.

American Express Price Performance

Shares of American Express stock traded up $2.10 during trading on Wednesday, reaching $257.13. The company’s stock had a trading volume of 2,556,004 shares, compared to its average volume of 2,964,339. The business has a 50 day moving average price of $240.70 and a 200-day moving average price of $231.90. The company has a market capitalization of $184.95 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. American Express has a 12-month low of $140.91 and a 12-month high of $258.63. 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 (NYSE:AXP) last issued its quarterly earnings data 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. The firm had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.60 billion. American Express had a return on equity of 32.94% and a net margin of 15.53%. American Express’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.89 earnings per share. As a group, sell-side 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.