M&T Bank Corp Buys 4,366 Shares of American Express (NYSE:AXP)

M&T Bank Corp boosted its holdings in shares of American Express (NYSE:AXPGet Rating) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,820 shares of the payment services company’s stock after acquiring an additional 4,366 shares during the period. M&T Bank Corp’s holdings in American Express were worth $28,951,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SBK Financial Inc. bought a new stake in shares of American Express in the fourth quarter worth approximately $25,000. Tyler Stone Wealth Management bought a new stake in shares of American Express in the fourth quarter worth approximately $25,000. Blue Bell Private Wealth Management LLC grew its stake in shares of American Express by 873.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 146 shares of the payment services company’s stock worth $27,000 after acquiring an additional 131 shares during the period. Perkins Coie Trust Co bought a new stake in shares of American Express in the first quarter worth approximately $28,000. Finally, Rise Advisors LLC grew its stake in shares of American Express by 823.5% in the first quarter. Rise Advisors LLC now owns 157 shares of the payment services company’s stock worth $29,000 after acquiring an additional 140 shares during the period. 85.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Express

In other American Express news, Director Theodore Leonsis sold 4,005 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $166.63, for a total transaction of $667,353.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

American Express Trading Up 0.4 %

NYSE AXP opened at $157.51 on Friday. The company’s 50-day moving average price is $149.59 and its 200-day moving average price is $168.36. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.74. The stock has a market cap of $118.09 billion, a PE ratio of 16.15, a PEG ratio of 1.22 and a beta of 1.15. American Express has a 12 month low of $134.12 and a 12 month high of $199.55.

American Express (NYSE:AXPGet Rating) last issued its earnings results on Friday, July 22nd. The payment services company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.16. American Express had a net margin of 15.69% and a return on equity of 32.81%. The company had revenue of $13.40 billion for the quarter, compared to analysts’ expectations of $12.54 billion. During the same period in the prior year, the business earned $2.80 EPS. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. Equities research analysts forecast that American Express will post 9.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AXP shares. Barclays lifted their price target on shares of American Express from $157.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Monday, July 25th. Keefe, Bruyette & Woods cut their target price on shares of American Express from $220.00 to $201.00 in a research report on Monday, July 11th. Morgan Stanley boosted their target price on shares of American Express from $143.00 to $155.00 and gave the company an “equal weight” rating in a research report on Monday, July 25th. Citigroup boosted their target price on shares of American Express from $148.00 to $159.00 in a research report on Tuesday, July 26th. Finally, Edward Jones upgraded shares of American Express from a “hold” rating to a “buy” rating in a research report on Monday, June 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $181.53.

American Express Company Profile

(Get Rating)

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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