HB Wealth Management LLC Has $5.34 Million Stock Holdings in American Express (NYSE:AXP)

HB Wealth Management LLC increased its position in American Express (NYSE:AXP) by 33.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 38,548 shares of the payment services company’s stock after purchasing an additional 9,566 shares during the quarter. HB Wealth Management LLC’s holdings in American Express were worth $5,343,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC boosted its stake in American Express by 873.3% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 146 shares of the payment services company’s stock valued at $27,000 after purchasing an additional 131 shares during the last quarter. SBK Financial Inc. acquired a new position in American Express during the 4th quarter valued at about $25,000. Perkins Coie Trust Co acquired a new position in American Express during the 1st quarter valued at about $28,000. Tyler Stone Wealth Management bought a new position in shares of American Express during the 4th quarter worth approximately $25,000. Finally, Rise Advisors LLC lifted its position in shares of American Express by 823.5% during the 1st quarter. Rise Advisors LLC now owns 157 shares of the payment services company’s stock worth $29,000 after buying an additional 140 shares in the last quarter. 84.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXP has been the topic of several recent analyst reports. Edward Jones raised shares of American Express from a “hold” rating to a “buy” rating in a research report on Monday, June 6th. Citigroup lifted their target price on shares of American Express from $148.00 to $159.00 in a research report on Tuesday, July 26th. Robert W. Baird raised shares of American Express from a “neutral” rating to an “outperform” rating and set a $175.00 price target on the stock in a report on Friday, June 17th. Piper Sandler lowered their price target on shares of American Express from $202.00 to $163.00 and set an “overweight” rating on the stock in a report on Wednesday, July 6th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of American Express from $220.00 to $201.00 in a report on Monday, July 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $181.53.

American Express Price Performance

NYSE AXP traded down $4.14 during trading hours on Friday, hitting $138.89. The company had a trading volume of 73,185 shares, compared to its average volume of 2,727,213. American Express has a 52 week low of $134.12 and a 52 week high of $199.55. The firm has a 50 day simple moving average of $155.04 and a 200 day simple moving average of $162.17. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $104.13 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.21 and a beta of 1.14.

American Express (NYSE:AXPGet Rating) last issued its earnings results on Friday, July 22nd. The payment services company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.41 by $0.16. American Express had a return on equity of 32.81% and a net margin of 15.69%. The business had revenue of $13.40 billion during the quarter, compared to the consensus estimate of $12.54 billion. During the same quarter last year, the company earned $2.80 EPS. The firm’s revenue was up 30.8% compared to the same quarter last year. Equities research analysts expect that American Express will post 9.88 earnings per share for the current year.

About American Express

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American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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