CX Institutional Grows Stake in American Express (NYSE:AXP)

CX Institutional grew its stake in shares of American Express (NYSE:AXP - Free Report) by 8.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 39,379 shares of the payment services company's stock after acquiring an additional 3,072 shares during the quarter. CX Institutional's holdings in American Express were worth $10,595,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AXP. Boston Financial Mangement LLC boosted its stake in American Express by 0.9% during the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company's stock valued at $1,189,000 after purchasing an additional 34 shares during the last quarter. Trillium Asset Management LLC boosted its stake in shares of American Express by 1.4% in the 4th quarter. Trillium Asset Management LLC now owns 2,449 shares of the payment services company's stock worth $727,000 after buying an additional 35 shares during the last quarter. Zions Bancorporation N.A. boosted its stake in shares of American Express by 2.4% in the 4th quarter. Zions Bancorporation N.A. now owns 1,510 shares of the payment services company's stock worth $448,000 after buying an additional 35 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of American Express by 2.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,317 shares of the payment services company's stock worth $391,000 after buying an additional 36 shares during the last quarter. Finally, Arista Wealth Management LLC boosted its stake in shares of American Express by 1.7% in the 4th quarter. Arista Wealth Management LLC now owns 2,275 shares of the payment services company's stock worth $675,000 after buying an additional 37 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AXP has been the topic of a number of research reports. William Blair restated an "outperform" rating on shares of American Express in a research note on Monday, April 21st. Argus downgraded American Express from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 14th. Truist Financial raised their price target on American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Citigroup dropped their price target on American Express from $320.00 to $300.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Finally, Baird R W upgraded American Express from a "strong sell" rating to a "hold" rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, American Express presently has a consensus rating of "Hold" and a consensus price target of $296.05.

Insider Transactions at American Express

In other news, insider Howard Grosfield sold 9,450 shares of American Express stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the sale, the insider now directly owns 9,402 shares of the company's stock, valued at approximately $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Glenda G. Mcneal sold 3,019 shares of American Express stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total value of $799,008.54. Following the completion of the sale, the insider now directly owns 10,919 shares in the company, valued at $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

American Express Price Performance

NYSE:AXP traded down $10.37 on Friday, reaching $287.62. 3,405,421 shares of the company's stock traded hands, compared to its average volume of 2,819,585. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The stock has a 50-day simple moving average of $278.89 and a 200-day simple moving average of $289.04. The firm has a market cap of $201.50 billion, a PE ratio of 20.53, a P/E/G ratio of 1.41 and a beta of 1.25. American Express has a 12 month low of $220.43 and a 12 month high of $326.28.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.17. American Express had a return on equity of 32.65% and a net margin of 15.36%. The business had revenue of $16.97 billion for the quarter, compared to analysts' expectations of $17.04 billion. During the same period last year, the firm earned $3.33 earnings per share. Equities research analysts forecast that American Express will post 15.33 earnings per share for the current 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.