Morton Community Bank decreased its holdings in American Express (NYSE:AXP – Free Report) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,015 shares of the payment services company’s stock after selling 51 shares during the quarter. American Express makes up 1.2% of Morton Community Bank’s portfolio, making the stock its 19th biggest position. Morton Community Bank’s holdings in American Express were worth $4,403,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AXP. Gryphon Financial Partners LLC acquired a new position in shares of American Express in the 4th quarter worth approximately $224,000. Principal Securities Inc. acquired a new position in shares of American Express in the 4th quarter valued at about $1,935,000. Berger Financial Group Inc bought a new stake in shares of American Express during the 4th quarter valued at about $224,000. Versor Investments LP acquired a new stake in American Express during the fourth quarter worth about $824,000. Finally, Northwest Financial Advisors acquired a new position in American Express in the fourth quarter valued at approximately $68,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.
American Express Stock Performance
AXP stock traded down $7.78 on Friday, reaching $244.06. 3,652,963 shares of the company were exchanged, compared to its average volume of 2,967,115. 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 12 month low of $140.91 and a 12 month high of $261.75. The stock’s fifty day moving average price is $244.57 and its 200 day moving average price is $234.15. The firm has a market capitalization of $175.55 billion, a PE ratio of 20.10, a PEG ratio of 1.45 and a beta of 1.21.
Analyst Ratings Changes
Several equities research analysts have commented on AXP shares. BTIG Research began coverage on shares of American Express in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Wells Fargo & Company lifted their target price on American Express from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Barclays boosted their price target on American Express from $221.00 to $223.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 9th. William Blair reissued an “outperform” rating on shares of American Express in a report on Monday, June 3rd. Finally, Royal Bank of Canada upped their price objective 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 investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and an average target price of $230.70.
Check Out Our Latest Report on American Express
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.
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