Capital Wealth Planning LLC Acquires 43 Shares of American Express (NYSE:AXP)

Capital Wealth Planning LLC increased its holdings in American Express (NYSE:AXP) by 4.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,112 shares of the payment services company’s stock after buying an additional 43 shares during the period. Capital Wealth Planning LLC’s holdings in American Express were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Scarborough Advisors LLC bought a new position in shares of American Express in the 4th quarter worth $25,000. Sachetta LLC bought a new position in American Express in the fourth quarter worth about $29,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of American Express during the fourth quarter valued at about $29,000. Game Plan Financial Advisors LLC lifted its position in shares of American Express by 62.5% during the first quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock valued at $30,000 after buying an additional 50 shares during the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in shares of American Express in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

AXP has been the subject of a number of analyst reports. Citigroup assumed coverage on shares of American Express in a research report on Monday, June 10th. They set a “neutral” rating and a $250.00 target price for the company. Compass Point began coverage on American Express in a research report on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 price objective for the company. Bank of America lowered American Express from a “buy” rating to a “neutral” rating and set a $263.00 target price on the stock. in a research report on Wednesday, August 21st. William Blair reissued an “outperform” rating on shares of American Express in a report on Monday, June 3rd. Finally, Royal Bank of Canada increased 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. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $230.70.

American Express Price Performance

NYSE:AXP opened at $259.00 on Monday. The stock has a market capitalization of $186.30 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. The stock’s 50-day moving average price is $246.33 and its 200-day moving average price is $235.60. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. American Express has a 52 week low of $140.91 and a 52 week high of $261.75.

American Express (NYSE:AXP) last announced its earnings results 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 return on equity of 32.94% and a net margin of 15.53%. The business had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.60 billion. During the same period in the prior year, the company posted $2.89 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities analysts expect that American Express will post 13.12 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.