Sienna Gestion Has $10.45 Million Position in American Express (NYSE:AXP)

Sienna Gestion lessened its position in American Express (NYSE:AXP) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,170 shares of the payment services company’s stock after selling 321 shares during the quarter. Sienna Gestion’s holdings in American Express were worth $10,454,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of AXP. Alphinity Investment Management Pty Ltd acquired a new stake in shares of American Express in the first quarter valued at approximately $433,709,000. TD Asset Management Inc lifted its position in American Express by 62.1% during the 4th quarter. TD Asset Management Inc now owns 2,399,494 shares of the payment services company’s stock worth $449,521,000 after buying an additional 919,337 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of American Express by 8.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,447,441 shares of the payment services company’s stock worth $1,923,399,000 after buying an additional 662,382 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of American Express by 969.9% in the 4th quarter. Bank of Nova Scotia now owns 602,726 shares of the payment services company’s stock valued at $112,910,000 after acquiring an additional 546,389 shares in the last quarter. Finally, M&G Plc acquired a new stake in shares of American Express in the first quarter valued at about $114,990,000. Institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of analyst reports. William Blair restated an “outperform” rating on shares of American Express in a research note on Monday, June 3rd. Barclays raised their target price on shares of American Express from $221.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. Wells Fargo & Company upped their price target on shares of American Express from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Monness Crespi & Hardt boosted their price objective on shares of American Express from $260.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Bank of America raised their target price on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, American Express has an average rating of “Hold” and a consensus target price of $230.78.

American Express Price Performance

Shares of NYSE AXP opened at $262.21 on Thursday. The stock has a market capitalization of $188.61 billion, a PE ratio of 21.60, a P/E/G ratio of 1.42 and a beta of 1.21. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $267.22. 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 $247.89 and a two-hundred day moving average price of $236.40.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share 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 during the quarter, compared to analysts’ expectations of $16.60 billion. During the same quarter in the prior year, the business posted $2.89 earnings per share. American Express’s revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts predict that American Express will post 13.12 earnings per share for the current fiscal 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.