Blue Zone Wealth Advisors LLC Sells 716 Shares of American Express (NYSE:AXP)

Blue Zone Wealth Advisors LLC lowered its holdings in shares of American Express (NYSE:AXP) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,731 shares of the payment services company’s stock after selling 716 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in American Express were worth $1,790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Scarborough Advisors LLC bought a new position in American Express in the fourth quarter worth approximately $25,000. Tennessee Valley Asset Management Partners bought a new position in American Express in the 4th quarter worth $28,000. Sachetta LLC purchased a new position in American Express during the fourth quarter valued at $29,000. Vermillion & White Wealth Management Group LLC bought a new stake in American Express during the fourth quarter valued at about $29,000. Finally, WFA Asset Management Corp purchased a new stake in American Express in the fourth quarter worth about $30,000. Institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AXP. BTIG Research began coverage on American Express in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Bank of America upped their price target on shares of American Express from $247.00 to $263.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Royal Bank of Canada raised their price objective on shares of American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their target price 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, Jefferies Financial Group increased their price target on American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $230.70.

American Express Trading Up 1.8 %

Shares of NYSE:AXP traded up $4.31 during trading on Friday, reaching $237.85. The company’s stock had a trading volume of 1,956,562 shares, compared to its average volume of 3,031,447. The firm’s 50 day simple moving average is $236.26 and its two-hundred day simple moving average is $227.85. The company has a current ratio of 1.66, a quick 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 capitalization of $171.09 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.23. The business had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.60 billion. American Express had a return on equity of 32.94% and a net margin of 15.53%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the company earned $2.89 EPS. On average, research analysts predict that American Express will post 13.24 EPS for the current fiscal year.

About American Express

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.