Pathstone Family Office LLC Purchases 4,465 Shares of American Express (NYSE:AXP)

Pathstone Family Office LLC grew its position in American Express (NYSE:AXP) by 12,757.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,500 shares of the payment services company’s stock after purchasing an additional 4,465 shares during the quarter. Pathstone Family Office LLC’s holdings in American Express were worth $555,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. ETF Managers Group LLC increased its holdings in American Express by 53.1% in the 2nd quarter. ETF Managers Group LLC now owns 344,786 shares of the payment services company’s stock valued at $42,733,000 after buying an additional 119,624 shares during the period. Hall Capital Management Co. Inc. boosted its stake in shares of American Express by 52.4% in the 2nd quarter. Hall Capital Management Co. Inc. now owns 8,592 shares of the payment services company’s stock valued at $1,061,000 after purchasing an additional 2,955 shares in the last quarter. AMP Capital Investors Ltd boosted its stake in shares of American Express by 37.1% in the 2nd quarter. AMP Capital Investors Ltd now owns 495,434 shares of the payment services company’s stock valued at $61,404,000 after purchasing an additional 133,968 shares in the last quarter. National Pension Service boosted its stake in shares of American Express by 5.4% in the 2nd quarter. National Pension Service now owns 786,608 shares of the payment services company’s stock valued at $97,099,000 after purchasing an additional 40,160 shares in the last quarter. Finally, Lido Advisors LLC boosted its stake in shares of American Express by 1.0% in the 2nd quarter. Lido Advisors LLC now owns 17,312 shares of the payment services company’s stock valued at $2,137,000 after purchasing an additional 173 shares in the last quarter. 83.85% of the stock is currently owned by institutional investors.

AXP has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on shares of American Express from $120.00 to $125.00 and gave the company a “sector perform” rating in a research note on Monday, July 22nd. They noted that the move was a valuation call. Bank of America initiated coverage on shares of American Express in a research note on Wednesday, June 19th. They issued a “buy” rating and a $145.00 target price on the stock. Wells Fargo & Co boosted their target price on shares of American Express from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Morgan Stanley set a $142.00 target price on shares of American Express and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group set a $130.00 target price on shares of American Express and gave the company a “hold” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. American Express has an average rating of “Hold” and a consensus target price of $124.49.

In related news, insider Paul D. Fabara sold 15,455 shares of the company’s stock in a transaction dated 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 owns 35,931 shares in the company, valued at approximately $4,565,392.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey C. Campbell sold 7,045 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $124.91, for a total transaction of $879,990.95. Following the transaction, the chief financial officer now owns 59,620 shares in the company, valued at approximately $7,447,134.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,500 shares of company stock worth $4,618,653. 0.21% of the stock is owned by corporate insiders.

NYSE AXP traded up $0.65 on Tuesday, hitting $118.29. 117,212 shares of the company were exchanged, compared to its average volume of 3,478,552. The firm has a 50 day moving average of $121.82 and a two-hundred day moving average of $118.60. The company has a market cap of $98.90 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.34 and a beta of 1.06. 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 has a 1-year low of $89.05 and a 1-year high of $129.34.

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

About American Express

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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