Natixis Advisors LLC lessened its holdings in American Express Company (NYSE:AXP) by 29.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 479,626 shares of the payment services company’s stock after selling 203,889 shares during the period. Natixis Advisors LLC owned about 0.07% of American Express worth $177,437,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in AXP. Joseph Group Capital Management bought a new position in shares of American Express in the 4th quarter worth approximately $26,000. Guerra Advisors Inc bought a new stake in American Express during the 3rd quarter worth approximately $28,000. Measured Wealth Private Client Group LLC bought a new stake in American Express during the 3rd quarter worth approximately $28,000. Torren Management LLC bought a new stake in American Express during the 4th quarter worth approximately $32,000. Finally, Entrust Financial LLC bought a new stake in American Express during the 4th quarter worth approximately $41,000. Institutional investors own 84.33% of the company’s stock.
American Express Trading Down 0.8%
Shares of AXP opened at $313.88 on Tuesday. The company has a 50 day simple moving average of $313.18 and a two-hundred day simple moving average of $338.30. American Express Company has a 1 year low of $286.15 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The firm has a market cap of $214.17 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.29 and a beta of 1.06.
Analyst Ratings Changes
A number of research firms have commented on AXP. Royal Bank Of Canada set a $415.00 target price on shares of American Express in a research note on Friday, April 10th. Evercore set a $345.00 target price on shares of American Express in a research note on Wednesday, April 29th. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. BTIG Research restated a “sell” rating and set a $285.00 target price on shares of American Express in a research note on Friday, April 24th. Finally, Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express currently has an average rating of “Hold” and an average price target of $359.05.
View Our Latest Stock Report on American Express
American Express Profile
American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.
American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.
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