American Express (NYSE:AXP) Shares Bought by CSat Investment Advisory L.P.

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CSat Investment Advisory L.P. grew its holdings in shares of American Express (NYSE:AXP) by 16.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 10,178 shares of the payment services company’s stock after acquiring an additional 1,466 shares during the quarter. CSat Investment Advisory L.P.’s holdings in American Express were worth $1,256,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Laurel Wealth Advisors Inc. raised its position in shares of American Express by 2.0% during the first quarter. Laurel Wealth Advisors Inc. now owns 4,192 shares of the payment services company’s stock worth $458,000 after purchasing an additional 84 shares during the period. Welch Group LLC raised its position in American Express by 2.2% during the second quarter. Welch Group LLC now owns 3,855 shares of the payment services company’s stock valued at $476,000 after buying an additional 84 shares during the period. Papp L Roy & Associates raised its position in American Express by 1.3% during the first quarter. Papp L Roy & Associates now owns 6,750 shares of the payment services company’s stock valued at $738,000 after buying an additional 86 shares during the period. Signaturefd LLC raised its position in American Express by 2.0% during the second quarter. Signaturefd LLC now owns 4,492 shares of the payment services company’s stock valued at $554,000 after buying an additional 88 shares during the period. Finally, Brandywine Oak Private Wealth LLC raised its position in American Express by 3.8% during the first quarter. Brandywine Oak Private Wealth LLC now owns 2,654 shares of the payment services company’s stock valued at $290,000 after buying an additional 97 shares during the period. Institutional investors own 83.85% of the company’s stock.

In other news, CFO Jeffrey C. Campbell sold 7,045 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $124.91, for a total transaction of $879,990.95. Following the completion of the sale, the chief financial officer now owns 59,620 shares in the company, valued at approximately $7,447,134.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen J. Squeri sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $118.33, for a total value of $1,774,950.00. Following the sale, the chief executive officer now owns 199,609 shares of the company’s stock, valued at approximately $23,619,732.97. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,500 shares of company stock valued at $4,618,653. 0.21% of the stock is currently owned by corporate insiders.

NYSE AXP traded down $0.99 on Friday, reaching $116.80. The stock had a trading volume of 4,379,689 shares, compared to its average volume of 3,496,891. The business has a 50 day moving average price of $121.14 and a 200 day moving average price of $118.80. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.50. American Express has a 1 year low of $89.05 and a 1 year high of $129.34. The company has a market capitalization of $98.52 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.43 and a beta of 1.06.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 19th. The payment services company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.02. The firm had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.82 billion. American Express had a return on equity of 29.75% and a net margin of 16.60%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 earnings per share. On average, analysts anticipate that American Express will post 8.14 earnings per share for the current fiscal year.

Several research firms recently weighed in on AXP. Wells Fargo & Co upped their price target on American Express from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. ValuEngine lowered American Express from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group set a $130.00 price target on American Express and gave the company a “hold” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. dropped their price target on American Express from $135.00 to $132.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Finally, Deutsche Bank started coverage on American Express in a research report on Monday, July 8th. They set a “buy” rating and a $142.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. American Express currently has a consensus rating of “Hold” and a consensus target price of $124.49.

American Express Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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

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