National Planning Corp boosted its stake in American Express Co. (NYSE:AXP) by 14.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,065 shares of the payment services company’s stock after buying an additional 1,014 shares during the period. National Planning Corp’s holdings in American Express were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AXP. Dodge & Cox increased its position in shares of American Express by 53.8% in the first quarter. Dodge & Cox now owns 26,360,258 shares of the payment services company’s stock valued at $1,618,520,000 after buying an additional 9,222,970 shares in the last quarter. Wellington Management Group LLP increased its position in shares of American Express by 103.8% in the first quarter. Wellington Management Group LLP now owns 24,632,717 shares of the payment services company’s stock valued at $1,512,449,000 after buying an additional 12,544,274 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of American Express by 1.1% in the second quarter. First Eagle Investment Management LLC now owns 15,733,904 shares of the payment services company’s stock valued at $955,992,000 after buying an additional 173,281 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of American Express by 0.9% in the first quarter. Fisher Asset Management LLC now owns 11,829,092 shares of the payment services company’s stock valued at $735,060,000 after buying an additional 100,569 shares in the last quarter. Finally, Veritas Asset Management LLP increased its position in shares of American Express by 9.8% in the second quarter. Veritas Asset Management LLP now owns 7,659,651 shares of the payment services company’s stock valued at $465,400,000 after buying an additional 686,254 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

American Express Co. (NYSE:AXP) traded up 1.04% on Monday, reaching $64.32. 725,149 shares of the company traded hands. The stock has a market capitalization of $59.42 billion, a price-to-earnings ratio of 11.38 and a beta of 1.24. The stock has a 50 day moving average of $65.14 and a 200-day moving average of $63.06. American Express Co. has a 1-year low of $50.27 and a 1-year high of $78.40.

American Express (NYSE:AXP) last issued its quarterly earnings results on Wednesday, July 20th. The payment services company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.95 by $0.15. The company earned $8.20 billion during the quarter, compared to analyst estimates of $8.33 billion. American Express had a net margin of 16.73% and a return on equity of 28.00%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 EPS. On average, equities analysts anticipate that American Express Co. will post $5.52 EPS for the current year.

A number of research analysts recently weighed in on the stock. Piper Jaffray Cos. restated a “hold” rating and set a $71.00 price objective on shares of American Express in a research report on Wednesday, September 7th. William Blair restated an “outperform” rating on shares of American Express in a research report on Thursday, July 21st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $74.00 price objective on shares of American Express in a research report on Monday, September 12th. Deutsche Bank AG restated a “hold” rating on shares of American Express in a research report on Wednesday, June 15th. Finally, Atlantic Securities assumed coverage on shares of American Express in a research report on Friday, September 9th. They set an “underweight” rating and a $62.00 price objective on the stock. Seven research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $69.13.

American Express Company Profile

American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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