American Express (NYSE:AXP) Shares Purchased by Farmers & Merchants Trust Co of Chambersburg PA

Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in American Express (NYSE:AXP) by 14.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 823 shares of the payment services company’s stock after purchasing an additional 102 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in American Express were worth $143,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AXP. Chelsea Counsel Co. acquired a new position in shares of American Express during the fourth quarter valued at approximately $30,000. Steward Financial Group LLC raised its holdings in shares of American Express by 104.9% during the 1st quarter. Steward Financial Group LLC now owns 211 shares of the payment services company’s stock worth $34,000 after acquiring an additional 108 shares during the period. Lakewood Asset Management LLC acquired a new position in shares of American Express during the 4th quarter valued at about $37,000. Focused Wealth Management Inc raised its stake in American Express by 1,400.0% during the first quarter. Focused Wealth Management Inc now owns 225 shares of the payment services company’s stock worth $37,000 after purchasing an additional 210 shares during the period. Finally, Addison Advisors LLC lifted its holdings in American Express by 44.8% in the first quarter. Addison Advisors LLC now owns 239 shares of the payment services company’s stock valued at $39,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AXP. Robert W. Baird cut American Express from an “outperform” rating to a “neutral” rating and set a $185.00 price target on the stock. in a research note on Thursday, July 6th. Morgan Stanley reissued an “overweight” rating and issued a $188.00 price target on shares of American Express in a research report on Monday, July 24th. Royal Bank of Canada upgraded American Express from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $197.00 to $200.00 in a report on Tuesday, September 5th. 51job reaffirmed a “reiterates” rating on shares of American Express in a research report on Friday, June 30th. Finally, Oppenheimer boosted their price objective on American Express from $180.00 to $193.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 18th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $173.06.

Want More Great Investing Ideas?

Get Our Latest Stock Report on American Express

American Express Stock Performance

NYSE AXP traded down $0.88 during trading on Friday, reaching $153.83. The company’s stock had a trading volume of 510,683 shares, compared to its average volume of 3,164,413. The business’s fifty day moving average price is $163.41 and its 200-day moving average price is $163.28. American Express has a twelve month low of $130.65 and a twelve month high of $182.15. The firm has a market cap of $113.29 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 0.99 and a beta of 1.19. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.59 and a current ratio of 1.59.

American Express (NYSE:AXP – Get Free Report) last released its earnings results on Friday, July 21st. The payment services company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.81 by $0.08. American Express had a net margin of 12.99% and a return on equity of 29.26%. The company had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $15.41 billion. During the same quarter last year, the business earned $2.57 EPS. The business’s revenue was up 12.4% on a year-over-year basis. As a group, analysts anticipate that American Express will post 11.13 EPS for the current fiscal year.

American Express Company Profile

(Free Report)

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.