Choreo LLC Has $3.64 Million Stake in American Express (NYSE:AXP)

Choreo LLC raised its position in American Express (NYSE:AXP) by 221.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,575 shares of the payment services company’s stock after acquiring an additional 10,732 shares during the quarter. Choreo LLC’s holdings in American Express were worth $3,638,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AXP. Scarborough Advisors LLC acquired a new stake in American Express in the 4th quarter valued at about $25,000. Sachetta LLC bought a new stake in American Express in the fourth quarter valued at approximately $29,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of American Express in the fourth quarter valued at approximately $29,000. Game Plan Financial Advisors LLC increased its holdings in shares of American Express by 62.5% during the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock worth $30,000 after acquiring an additional 50 shares during the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in American Express in the 4th quarter valued at $32,000. Institutional investors own 84.33% of the company’s stock.

American Express Trading Up 2.8 %

NYSE AXP opened at $250.92 on Tuesday. The stock has a market capitalization of $180.49 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.37 and a beta of 1.21. The business has a 50 day simple moving average of $244.91 and a 200 day simple moving average of $234.57. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.66 and a quick ratio of 1.66. American Express has a one year low of $140.91 and a one year high of $261.75.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.26 by $0.23. American Express had a net margin of 15.53% and a return on equity of 32.94%. The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.60 billion. During the same quarter last year, the firm posted $2.89 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Research analysts expect that American Express will post 13.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of research analyst reports. Monness Crespi & Hardt lifted their price objective on shares of American Express from $260.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Bank of America downgraded shares of American Express from a “buy” rating to a “neutral” rating and set a $263.00 target price for the company. in a report on Wednesday, August 21st. JPMorgan Chase & Co. upped their price target on shares of American Express from $240.00 to $268.00 and gave the company an “overweight” rating in a research note on Monday, July 8th. Barclays lifted their price objective on shares of American Express from $221.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada raised their target price on shares of American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $230.70.

American Express Company Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.