Moisand Fitzgerald Tamayo LLC Has $428,000 Stock Position in American Express (NYSE:AXP)

Moisand Fitzgerald Tamayo LLC lowered its stake in American Express (NYSE:AXP) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,456 shares of the payment services company’s stock after selling 100 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in American Express were worth $428,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AXP. BlackRock Inc. lifted its holdings in shares of American Express by 0.9% during the first quarter. BlackRock Inc. now owns 45,899,776 shares of the payment services company’s stock worth $7,571,168,000 after purchasing an additional 423,300 shares during the period. Wellington Management Group LLP lifted its holdings in shares of American Express by 0.8% during the first quarter. Wellington Management Group LLP now owns 22,000,787 shares of the payment services company’s stock worth $3,629,030,000 after purchasing an additional 182,753 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in shares of American Express by 118,198.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,732,068 shares of the payment services company’s stock worth $2,028,913,000 after purchasing an additional 13,720,460 shares during the period. Morgan Stanley lifted its holdings in shares of American Express by 0.3% during the fourth quarter. Morgan Stanley now owns 12,503,902 shares of the payment services company’s stock worth $1,847,452,000 after purchasing an additional 35,760 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of American Express by 1.4% during the first quarter. Geode Capital Management LLC now owns 10,602,539 shares of the payment services company’s stock worth $1,744,148,000 after purchasing an additional 144,135 shares during the period. Institutional investors and hedge funds own 83.08% of the company’s stock.

American Express Stock Down 0.6 %

American Express stock traded down $0.93 during midday trading on Tuesday, hitting $158.70. 464,552 shares of the stock were exchanged, compared to its average volume of 3,178,675. American Express has a 52-week low of $130.65 and a 52-week high of $182.15. The stock has a market capitalization of $116.88 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19. The business’s 50-day moving average price is $164.69 and its 200-day moving average price is $163.63. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.75.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 21st. The payment services company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.08. American Express had a net margin of 12.99% and a return on equity of 29.26%. The business had revenue of $15.05 billion for the quarter, compared to analysts’ expectations of $15.41 billion. During the same period in the previous year, the company earned $2.57 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, research analysts expect that American Express will post 11.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler downgraded shares of American Express from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $172.00 to $149.00 in a research note on Monday, July 24th. Stephens reissued an “underweight” rating and set a $146.00 target price on shares of American Express in a research note on Tuesday, July 18th. 22nd Century Group reissued a “reiterates” rating on shares of American Express in a research note on Friday, June 30th. 3M reissued a “reiterates” rating on shares of American Express in a research note on Friday, June 30th. Finally, 58.com reaffirmed a “reiterates” rating on shares of American Express in a research note on Friday, June 30th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Express currently has a consensus rating of “Hold” and an average target price of $173.06.

American Express Company Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.