Tilia Fiduciary Partners Inc. Purchases Shares of 6,436 American Express (NYSE:AXP)

Tilia Fiduciary Partners Inc. acquired a new position in American Express (NYSE:AXP - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,436 shares of the payment services company's stock, valued at approximately $1,732,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new position in American Express during the 4th quarter worth $29,000. Sellwood Investment Partners LLC acquired a new position in American Express in the fourth quarter worth about $33,000. Murphy & Mullick Capital Management Corp bought a new stake in American Express in the fourth quarter valued at about $33,000. Nexus Investment Management ULC bought a new position in American Express during the 1st quarter worth approximately $34,000. Finally, Curio Wealth LLC acquired a new position in shares of American Express in the 4th quarter worth approximately $37,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Redburn Atlantic upgraded shares of American Express from a "sell" rating to a "neutral" rating and reduced their price target for the stock from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Robert W. Baird upgraded American Express from an "underperform" rating to a "neutral" rating and set a $265.00 target price for the company in a research note on Friday, March 14th. 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 report on Monday, March 24th. Argus lowered American Express from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 14th. Finally, BTIG Research lowered their price objective on American Express from $272.00 to $240.00 and set a "sell" rating for the company in a research note on Monday, April 21st. One investment 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. According to MarketBeat, American Express has an average rating of "Hold" and a consensus price target of $296.05.

Insider Activity at American Express

In other American Express news, insider Howard Grosfield sold 9,450 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the completion of the transaction, the insider now owns 9,402 shares of the company's stock, valued at $2,590,251. The trade was a 50.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Glenda G. Mcneal sold 3,019 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were 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 position. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

American Express Stock Down 0.1%

Shares of AXP traded down $0.28 during mid-day trading on Wednesday, reaching $299.25. The company's stock had a trading volume of 2,012,913 shares, compared to its average volume of 2,823,536. The company has a market cap of $209.65 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25. The business has a fifty day moving average of $275.16 and a 200 day moving average of $289.15. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express has a 1 year low of $220.43 and a 1 year 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, topping the consensus estimate of $3.47 by $0.17. American Express had a net margin of 15.36% and a return on equity of 32.65%. The business had revenue of $16.97 billion during the quarter, compared to analysts' expectations of $17.04 billion. During the same period last year, the company posted $3.33 earnings per share. As a group, analysts forecast that American Express will post 15.33 earnings per share for the current fiscal year.

American Express 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.