American Express (NYSE:AXP) Holdings Boosted by Raymond James & Associates

Raymond James & Associates boosted its holdings in American Express (NYSE:AXP - Free Report) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 674,574 shares of the payment services company's stock after acquiring an additional 20,849 shares during the period. Raymond James & Associates owned about 0.09% of American Express worth $156,197,000 at the end of the most recent quarter.

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A number of other hedge funds also recently made changes to their positions in the business. Marietta Wealth Management LLC bought a new stake in shares of American Express during the second quarter valued at approximately $208,000. Solitude Financial Services raised its holdings in shares of American Express by 11.8% during the second quarter. Solitude Financial Services now owns 4,240 shares of the payment services company's stock valued at $982,000 after buying an additional 447 shares during the last quarter. Oakworth Capital Inc. raised its holdings in shares of American Express by 7.7% during the second quarter. Oakworth Capital Inc. now owns 4,170 shares of the payment services company's stock valued at $966,000 after buying an additional 298 shares during the last quarter. Davis Investment Partners LLC raised its holdings in shares of American Express by 15.0% during the second quarter. Davis Investment Partners LLC now owns 7,969 shares of the payment services company's stock valued at $1,902,000 after buying an additional 1,042 shares during the last quarter. Finally, Genesee Capital Advisors LLC bought a new stake in shares of American Express during the second quarter valued at approximately $363,000. Institutional investors own 84.33% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AXP. Royal Bank of Canada lifted their price target on American Express from $265.00 to $267.00 and gave the company an "outperform" rating in a report on Monday, July 22nd. BMO Capital Markets raised their price objective on shares of American Express from $167.00 to $175.00 and gave the company an "underperform" rating in a research note on Monday, April 22nd. Morgan Stanley raised their price objective on shares of American Express from $222.00 to $226.00 and gave the company an "equal weight" rating in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of American Express from $240.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of American Express from $240.00 to $268.00 and gave the company an "overweight" rating in a research note on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, American Express presently has an average rating of "Hold" and an average price target of $230.70.

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Check Out Our Latest Report on AXP

American Express Trading Down 0.2 %

American Express stock opened at $251.31 on Monday. The company's fifty day simple moving average is $237.19 and its 200-day simple moving average is $229.73. 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 $256.24. The stock has a market cap of $180.77 billion, a P/E ratio of 20.73, a P/E/G ratio of 1.38 and a beta of 1.21.

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American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, beating 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 analysts' expectations of $16.60 billion. During the same period in the previous year, the company posted $2.89 EPS. American Express's revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts forecast that American Express will post 13.24 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.

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