Integrated Advisors Network LLC Sells 143 Shares of American Express (NYSE:AXP)

Posted by on Aug 10th, 2023

Integrated Advisors Network LLC reduced its stake in American Express (NYSE:AXP) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,289 shares of the payment services company’s stock after selling 143 shares during the period. Integrated Advisors Network LLC’s holdings in American Express were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AXP. Sterling Investment Advisors Ltd. grew its stake in American Express by 3.5% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 1,759 shares of the payment services company’s stock worth $260,000 after buying an additional 59 shares in the last quarter. My Legacy Advisors LLC boosted its stake in shares of American Express by 2.9% in the 4th quarter. My Legacy Advisors LLC now owns 2,178 shares of the payment services company’s stock valued at $390,000 after purchasing an additional 61 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of American Express by 5.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,220 shares of the payment services company’s stock valued at $180,000 after purchasing an additional 63 shares during the last quarter. Prospera Financial Services Inc lifted its stake in American Express by 1.6% in the 4th quarter. Prospera Financial Services Inc now owns 4,064 shares of the payment services company’s stock valued at $601,000 after purchasing an additional 65 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in shares of American Express by 1.3% during the first quarter. Koshinski Asset Management Inc. now owns 4,885 shares of the payment services company’s stock worth $806,000 after buying an additional 65 shares in the last quarter. Institutional investors own 82.84% of the company’s stock.

American Express Price Performance

Shares of AXP opened at $163.82 on Thursday. The stock has a market cap of $120.65 billion, a P/E ratio of 16.67, a P/E/G ratio of 1.05 and a beta of 1.19. The business’s fifty day moving average is $170.59 and its 200 day moving average is $166.21. 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 has a 12-month low of $130.65 and a 12-month high of $182.15.

American Express (NYSE:AXP – Get Free Report) last issued its quarterly earnings data on Friday, July 21st. The payment services company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.08. The firm had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $15.41 billion. American Express had a net margin of 12.99% and a return on equity of 29.26%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period last year, the company earned $2.57 earnings per share. Sell-side analysts anticipate that American Express will post 11.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AXP shares. Robert W. Baird downgraded American Express from an “outperform” rating to a “neutral” rating and set a $185.00 price objective for the company. in a research note on Thursday, July 6th. 22nd Century Group restated a “reiterates” rating on shares of American Express in a report on Friday, June 30th. Citigroup reduced their price target on American Express from $152.00 to $150.00 and set a “sell” rating on the stock in a research report on Friday, April 21st. JPMorgan Chase & Co. cut their price objective on American Express from $179.00 to $167.00 and set a “neutral” rating on the stock in a research note on Monday, April 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $197.00 price objective on shares of American Express in a research report on Monday, July 24th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $172.88.

Check Out Our Latest Analysis on AXP

American Express Company Profile

(Free Report)

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.

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

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