Busey Bank Sells 435 Shares of American Express (NYSE:AXP)

Busey Bank reduced its stake in American Express (NYSE:AXP) by 6.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,235 shares of the payment services company’s stock after selling 435 shares during the quarter. Busey Bank’s holdings in American Express were worth $1,444,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AXP. Scarborough Advisors LLC bought a new stake in shares of American Express in the 4th quarter worth approximately $25,000. Tennessee Valley Asset Management Partners purchased a new stake in American Express during the fourth quarter valued at about $28,000. Sachetta LLC bought a new stake in shares of American Express during the fourth quarter valued at about $29,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of American Express in the fourth quarter worth about $29,000. Finally, Game Plan Financial Advisors LLC boosted its position in shares of American Express by 62.5% in the first quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock valued at $30,000 after acquiring an additional 50 shares during the period. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Up 0.4 %

NYSE AXP traded up $1.01 during trading on Thursday, hitting $247.31. The company had a trading volume of 636,408 shares, compared to its average volume of 2,974,460. The company’s fifty day moving average is $238.63 and its 200-day moving average is $230.53. The company has a market cap of $177.89 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74. American Express has a one year low of $140.91 and a one year high of $256.24.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.23. American Express had a return on equity of 32.94% and a net margin of 15.53%. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.60 billion. During the same period in the previous year, the firm posted $2.89 EPS. The business’s revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts predict that American Express will post 13.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Bank of America lowered shares of American Express from a “buy” rating to a “neutral” rating and set a $263.00 target price on the stock. in a report on Wednesday. Wells Fargo & Company increased their price objective on American Express from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Barclays lifted their price objective on American Express from $221.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. BTIG Research began coverage on American Express in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Finally, Evercore ISI boosted their price objective on American Express from $243.00 to $255.00 and gave the stock an “in-line” rating in a report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $230.70.

About American Express

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.