Meeder Advisory Services Inc. Buys 3,682 Shares of American Express (NYSE:AXP)

Meeder Advisory Services Inc. increased its stake in American Express (NYSE:AXP) by 39.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,099 shares of the payment services company’s stock after purchasing an additional 3,682 shares during the period. Meeder Advisory Services Inc.’s holdings in American Express were worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its holdings in shares of American Express by 4.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 161,538 shares of the payment services company’s stock worth $37,198,000 after buying an additional 7,097 shares in the last quarter. Meeder Asset Management Inc. boosted its position in American Express by 59.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,482 shares of the payment services company’s stock worth $575,000 after acquiring an additional 930 shares during the last quarter. Main Street Financial Solutions LLC grew its stake in shares of American Express by 5.9% during the 2nd quarter. Main Street Financial Solutions LLC now owns 962 shares of the payment services company’s stock worth $223,000 after acquiring an additional 54 shares in the last quarter. D Orazio & Associates Inc. acquired a new stake in shares of American Express in the second quarter valued at approximately $209,000. Finally, Vest Financial LLC lifted its position in shares of American Express by 18.5% in the second quarter. Vest Financial LLC now owns 96,207 shares of the payment services company’s stock worth $22,277,000 after purchasing an additional 15,025 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Trading Up 0.4 %

Shares of AXP stock opened at $255.10 on Friday. American Express has a 12-month low of $140.91 and a 12-month high of $261.75. The firm has a 50 day moving average price of $245.86 and a two-hundred day moving average price of $235.06. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $183.49 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.21.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 19th. The payment services company reported $3.49 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $16.60 billion. During the same period last year, the firm posted $2.89 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, analysts predict that American Express will post 13.12 earnings per share for the current year.

Analyst Ratings Changes

AXP has been the subject of a number of analyst reports. Royal Bank of Canada raised their target price on shares of American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Citigroup started coverage on American Express in a report on Monday, June 10th. They issued a “neutral” rating and a $250.00 price objective for the company. Monness Crespi & Hardt upped their target price on American Express from $260.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Wells Fargo & Company increased their price target on American Express from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Finally, Bank of America lowered American Express from a “buy” rating to a “neutral” rating and set a $263.00 price target on the stock. in a research report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $230.70.

American Express 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.