Community Bank N.A. Raises Stock Holdings in American Express (NYSE:AXP)

Community Bank N.A. boosted its stake in American Express (NYSE:AXP) by 65.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,686 shares of the payment services company’s stock after purchasing an additional 3,848 shares during the quarter. Community Bank N.A.’s holdings in American Express were worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in AXP. Joseph P. Lucia & Associates LLC lifted its stake in American Express by 163.6% during the second quarter. Joseph P. Lucia & Associates LLC now owns 282 shares of the payment services company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of American Express by 327.3% during the 1st quarter. Sound Income Strategies LLC now owns 329 shares of the payment services company’s stock valued at $28,000 after buying an additional 252 shares in the last quarter. Smith Asset Management Group LP raised its holdings in shares of American Express by 171.2% during the 1st quarter. Smith Asset Management Group LP now owns 339 shares of the payment services company’s stock valued at $29,000 after buying an additional 214 shares in the last quarter. Cowen Prime Services LLC bought a new stake in American Express in the 1st quarter worth approximately $34,000. Finally, JCIC Asset Management Inc. boosted its stake in American Express by 38.2% in the first quarter. JCIC Asset Management Inc. now owns 470 shares of the payment services company’s stock worth $40,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 84.59% of the company’s stock.

NYSE AXP traded down $1.33 during trading on Friday, hitting $93.32. The company had a trading volume of 4,088,793 shares, compared to its average volume of 3,979,819. The company’s fifty day moving average is $96.51 and its 200-day moving average is $102.23. American Express has a one year low of $67.00 and a one year high of $138.13. The company has a current ratio of 1.56, a quick ratio of 1.76 and a debt-to-equity ratio of 2.32. The company has a market cap of $75.14 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 2.26 and a beta of 1.12.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.16. American Express had a net margin of 10.02% and a return on equity of 24.08%. The company had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter in the previous year, the company earned $2.07 earnings per share. American Express’s quarterly revenue was down 29.2% on a year-over-year basis. As a group, equities analysts anticipate that American Express will post 4.62 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Wednesday, July 1st. American Express’s dividend payout ratio is currently 20.98%.

A number of equities research analysts have recently issued reports on AXP shares. BMO Capital Markets upped their price objective on shares of American Express from $96.00 to $100.00 in a research note on Monday, July 27th. Compass Point upped their price target on shares of American Express from $78.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Atlantic Securities downgraded American Express from an “overweight” rating to a “neutral” rating and set a $110.00 price objective on the stock. in a report on Monday, June 8th. Royal Bank of Canada boosted their target price on American Express from $85.00 to $105.00 and gave the company a “sector perform” rating in a research note on Thursday, June 4th. Finally, Deutsche Bank reduced their price target on American Express from $108.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $106.71.

About American Express

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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