DHJJ Financial Advisors Ltd. Acquires 49 Shares of American Express (NYSE:AXP)

DHJJ Financial Advisors Ltd. grew its holdings in American Express (NYSE:AXP) by 42.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165 shares of the payment services company’s stock after acquiring an additional 49 shares during the quarter. DHJJ Financial Advisors Ltd.’s holdings in American Express were worth $38,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AXP. Scarborough Advisors LLC bought a new stake in shares of American Express in the fourth quarter worth about $25,000. Tennessee Valley Asset Management Partners bought a new position in shares of American Express during the fourth quarter worth about $28,000. Sachetta LLC bought a new position in shares of American Express during the fourth quarter worth about $29,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of American Express during the fourth quarter worth about $29,000. Finally, WFA Asset Management Corp bought a new position in shares of American Express during the fourth quarter worth about $30,000. 84.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AXP shares. Jefferies Financial Group increased their price objective on American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a report on Tuesday, July 9th. StockNews.com upgraded American Express from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. BTIG Research assumed coverage on American Express in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Barclays raised their price target on American Express from $221.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. Finally, Compass Point assumed coverage on American Express in a research note on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus target price of $230.70.

American Express Stock Performance

NYSE:AXP traded up $4.31 during mid-day trading on Friday, hitting $237.85. 1,956,562 shares of the stock were exchanged, compared to its average volume of 3,031,447. The stock has a market capitalization of $171.09 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. The firm’s 50-day simple moving average is $236.26 and its 200 day simple moving average is $227.55. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $256.24.

American Express (NYSE:AXP) last released its quarterly 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. The business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.60 billion. American Express had a return on equity of 32.94% and a net margin of 15.53%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $2.89 EPS. As a group, equities analysts anticipate that American Express will post 13.24 EPS 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.