American Express (NYSE:AXP) Shares Acquired by Semmax Financial Advisors Inc.

Semmax Financial Advisors Inc. lifted its position in shares of American Express (NYSE:AXP) by 60.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,469 shares of the payment services company’s stock after acquiring an additional 1,304 shares during the period. Semmax Financial Advisors Inc.’s holdings in American Express were worth $428,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Comerica Securities Inc. raised its position in American Express by 5.3% in the fourth quarter. Comerica Securities Inc. now owns 5,582 shares of the payment services company’s stock worth $532,000 after acquiring an additional 279 shares during the period. Geode Capital Management LLC increased its stake in shares of American Express by 5.7% in the fourth 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 in the last quarter. CWM LLC increased its stake in shares of American Express by 10.0% in the first quarter. CWM LLC now owns 2,187 shares of the payment services company’s stock worth $239,000 after purchasing an additional 198 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of American Express in the first quarter worth $2,919,000. Finally, Gilman Hill Asset Management LLC purchased a new stake in shares of American Express in the first quarter worth $451,000. 83.96% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on AXP shares. William Blair reissued an “outperform” rating on shares of American Express in a research note on Tuesday, June 18th. Morgan Stanley set a $142.00 price objective on shares of American Express and gave the stock a “buy” rating in a research note on Friday, August 9th. Stephens set a $131.00 price objective on shares of American Express and gave the stock a “buy” rating in a research note on Monday, May 20th. Wells Fargo & Co increased their price objective on shares of American Express from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada increased their price objective on shares of American Express from $120.00 to $125.00 and gave the stock a “sector perform” rating in a research note on Monday, July 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. American Express currently has an average rating of “Hold” and an average target price of $124.49.

In related news, CFO Jeffrey C. Campbell sold 6,500 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 68,379 shares of the company’s stock, valued at $8,405,830.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 15,455 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $127.06, for a total transaction of $1,963,712.30. Following the transaction, the insider now directly owns 35,931 shares of the company’s stock, valued at $4,565,392.86. The disclosure for this sale can be found here. Insiders have sold 88,584 shares of company stock valued at $10,679,740 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

AXP traded down $4.51 during trading on Friday, hitting $117.76. 4,071,359 shares of the company traded hands, compared to its average volume of 3,279,351. The company has a market cap of $101.44 billion, a PE ratio of 16.07, a P/E/G ratio of 1.37 and a beta of 1.05. The stock’s 50-day simple moving average is $125.30 and its two-hundred day simple moving average is $117.12. American Express has a 1 year low of $89.05 and a 1 year high of $129.34. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.50.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 19th. The payment services company reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.02. The company had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.82 billion. American Express had a net margin of 16.60% and a return on equity of 29.75%. American Express’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted $1.84 earnings per share. Equities analysts expect that American Express will post 8.14 EPS for the current year.

American Express Company 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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