Raymond James Trust N.A. Buys 205 Shares of American Express (NYSE:AXP)

Raymond James Trust N.A. grew its stake in American Express (NYSE:AXP) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,608 shares of the payment services company’s stock after purchasing an additional 205 shares during the quarter. Raymond James Trust N.A.’s holdings in American Express were worth $2,718,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Gotham Asset Management LLC lifted its holdings in American Express by 28.4% during the fourth quarter. Gotham Asset Management LLC now owns 15,308 shares of the payment services company’s stock worth $2,504,000 after acquiring an additional 3,383 shares during the period. Mutual Advisors LLC lifted its stake in American Express by 3.3% during the fourth quarter. Mutual Advisors LLC now owns 7,493 shares of the payment services company’s stock worth $1,226,000 after purchasing an additional 242 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in American Express by 2.4% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 9,049 shares of the payment services company’s stock worth $1,480,000 after purchasing an additional 210 shares during the last quarter. LPL Financial LLC lifted its stake in shares of American Express by 20.0% in the 4th quarter. LPL Financial LLC now owns 305,820 shares of the payment services company’s stock valued at $50,032,000 after acquiring an additional 51,022 shares during the last quarter. Finally, William Allan LLC bought a new stake in shares of American Express in the 4th quarter valued at about $1,709,000. Institutional investors own 84.10% of the company’s stock.

American Express Stock Down 3.8 %

Shares of NYSE AXP opened at $143.03 on Friday. American Express has a 12-month low of $134.12 and a 12-month high of $199.55. The stock has a market cap of $107.24 billion, a PE ratio of 14.67, a P/E/G ratio of 1.21 and a beta of 1.14. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.74. The company has a 50-day moving average of $155.04 and a 200 day moving average of $162.17.

American Express (NYSE:AXPGet Rating) last announced its quarterly earnings data on Friday, July 22nd. The payment services company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.16. American Express had a net margin of 15.69% and a return on equity of 32.81%. The company had revenue of $13.40 billion during the quarter, compared to analysts’ expectations of $12.54 billion. During the same quarter in the prior year, the company earned $2.80 EPS. American Express’s revenue was up 30.8% compared to the same quarter last year. As a group, sell-side analysts predict that American Express will post 9.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AXP shares. Edward Jones upgraded American Express from a “hold” rating to a “buy” rating in a report on Monday, June 6th. Piper Sandler decreased their target price on American Express from $202.00 to $163.00 and set an “overweight” rating on the stock in a report on Wednesday, July 6th. Oppenheimer set a $184.00 target price on American Express in a report on Tuesday, July 19th. Barclays raised their target price on American Express from $157.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, July 25th. Finally, Morgan Stanley raised their target price on American Express from $143.00 to $155.00 and gave the stock an “equal weight” rating in a report on Monday, July 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus target price of $181.53.

American Express Company Profile

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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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