Sivia Capital Partners LLC Lowers Holdings in American Express (NYSE:AXP)

Sivia Capital Partners LLC lowered its position in American Express (NYSE:AXP) by 9.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,440 shares of the payment services company’s stock after selling 151 shares during the quarter. Sivia Capital Partners LLC’s holdings in American Express were worth $333,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sawgrass Asset Management LLC grew its position in shares of American Express by 0.4% during the 2nd quarter. Sawgrass Asset Management LLC now owns 10,384 shares of the payment services company’s stock worth $2,404,000 after buying an additional 41 shares in the last quarter. Spire Wealth Management increased its position in American Express by 1.0% during the 1st quarter. Spire Wealth Management now owns 4,315 shares of the payment services company’s stock valued at $983,000 after purchasing an additional 42 shares during the period. Ignite Planners LLC increased its position in American Express by 0.9% during the 2nd quarter. Ignite Planners LLC now owns 4,682 shares of the payment services company’s stock valued at $1,103,000 after purchasing an additional 43 shares during the period. Willner & Heller LLC raised its holdings in shares of American Express by 4.1% in the 2nd quarter. Willner & Heller LLC now owns 1,087 shares of the payment services company’s stock valued at $252,000 after purchasing an additional 43 shares in the last quarter. Finally, Beacon Capital Management LLC lifted its position in shares of American Express by 18.9% in the 2nd quarter. Beacon Capital Management LLC now owns 271 shares of the payment services company’s stock worth $63,000 after purchasing an additional 43 shares during the period. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. William Blair reissued an “outperform” rating on shares of American Express in a report on Monday, June 3rd. Compass Point started coverage on American Express in a report on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on American Express from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. Monness Crespi & Hardt raised their price objective on American Express from $260.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Bank of America downgraded shares of American Express from a “buy” rating to a “neutral” rating and set a $263.00 target price for the company. in a report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $230.70.

American Express Price Performance

Shares of NYSE AXP opened at $244.12 on Friday. American Express has a 52 week low of $140.91 and a 52 week high of $261.75. The business’s 50 day moving average price is $244.57 and its 200 day moving average price is $234.00. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. The firm has a market cap of $175.60 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.45 and a beta of 1.21.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.26 by $0.23. American Express had a net margin of 15.53% and a return on equity of 32.94%. The business had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.60 billion. During the same period in the prior year, the firm earned $2.89 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, sell-side analysts expect that American Express will post 13.12 earnings per share for the current 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.