Heritage Wealth Advisors lifted its position in shares of American Express (NYSE:AXP) by 24.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,357 shares of the payment services company’s stock after acquiring an additional 666 shares during the period. Heritage Wealth Advisors’ holdings in American Express were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC grew its position in American Express by 6.9% in the 1st quarter. FMR LLC now owns 26,274,516 shares of the payment services company’s stock worth $2,871,804,000 after purchasing an additional 1,690,676 shares during the period. Fisher Asset Management LLC grew its position in American Express by 3.5% in the 2nd quarter. Fisher Asset Management LLC now owns 11,352,692 shares of the payment services company’s stock worth $1,401,376,000 after purchasing an additional 381,084 shares during the period. Egerton Capital UK LLP grew its position in American Express by 18.4% in the 1st quarter. Egerton Capital UK LLP now owns 9,368,737 shares of the payment services company’s stock worth $1,024,003,000 after purchasing an additional 1,452,890 shares during the period. Geode Capital Management LLC grew its position in American Express by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 8,486,121 shares of the payment services company’s stock worth $807,358,000 after purchasing an additional 459,983 shares during the period. Finally, Veritas Asset Management LLP grew its position in American Express by 0.5% in the 1st quarter. Veritas Asset Management LLP now owns 6,551,519 shares of the payment services company’s stock worth $716,081,000 after purchasing an additional 29,563 shares during the period. 83.96% of the stock is owned by institutional investors.

Shares of AXP stock traded up $1.22 during mid-day trading on Wednesday, reaching $122.65. 1,011,677 shares of the company’s stock traded hands, compared to its average volume of 3,428,765. American Express has a 12 month low of $89.05 and a 12 month high of $129.34. The firm has a 50 day moving average price of $125.58 and a two-hundred day moving average price of $116.85. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $101.78 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 19th. The payment services company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.02. American Express had a net margin of 16.60% and a return on equity of 29.75%. The firm had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.82 billion. During the same quarter in the previous year, the firm posted $1.84 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts expect that American Express will post 8.14 earnings per share for the current fiscal year.

In related news, Chairman Stephen J. Squeri sold 15,000 shares of American Express stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $114.69, for a total transaction of $1,720,350.00. Following the transaction, the chairman now owns 214,815 shares in the company, valued at approximately $24,637,132.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey C. Campbell sold 6,500 shares of American Express stock in a transaction on Monday, June 10th. The shares were sold at an average price of $122.93, for a total transaction of $799,045.00. Following the transaction, the chief financial officer now owns 68,379 shares in the company, valued at approximately $8,405,830.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,584 shares of company stock valued at $10,679,740. Insiders own 0.21% of the company’s stock.

A number of equities research analysts have commented on AXP shares. UBS Group downgraded shares of American Express from a “buy” rating to a “neutral” rating and set a $117.60 target price for the company. in a research report on Monday, April 29th. JPMorgan Chase & Co. cut their target price on shares of American Express from $135.00 to $132.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Deutsche Bank started coverage on shares of American Express in a research report on Monday, July 8th. They issued a “buy” rating and a $142.00 target price for the company. Morgan Stanley set a $142.00 target price on shares of American Express and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, BMO Capital Markets lifted their target price on shares of American Express to $119.00 and gave the stock a “market perform” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. American Express presently has a consensus rating of “Hold” and an average target price of $124.49.

American Express Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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