Fifth Third Bancorp Has $49.82 Million Holdings in American Express (NYSE:AXP)

Fifth Third Bancorp boosted its position in American Express (NYSE:AXP) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,152 shares of the payment services company’s stock after buying an additional 1,292 shares during the quarter. Fifth Third Bancorp’s holdings in American Express were worth $49,815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Financial Mangement LLC grew its stake in American Express by 0.9% in the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock valued at $1,189,000 after buying an additional 34 shares during the last quarter. Trillium Asset Management LLC grew its stake in American Express by 1.4% in the 4th quarter. Trillium Asset Management LLC now owns 2,449 shares of the payment services company’s stock valued at $727,000 after buying an additional 35 shares during the last quarter. Zions Bancorporation N.A. grew its stake in American Express by 2.4% in the 4th quarter. Zions Bancorporation N.A. now owns 1,510 shares of the payment services company’s stock valued at $448,000 after buying an additional 35 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in American Express by 2.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,317 shares of the payment services company’s stock valued at $391,000 after buying an additional 36 shares during the last quarter. Finally, Arista Wealth Management LLC grew its position in American Express by 1.7% in the 4th quarter. Arista Wealth Management LLC now owns 2,275 shares of the payment services company’s stock worth $675,000 after purchasing an additional 37 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Trading Down 0.4%

Shares of AXP stock opened at $297.90 on Friday. American Express has a 12-month low of $220.43 and a 12-month high of $326.28. The company has a market capitalization of $208.71 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.41 and a beta of 1.25. The firm has a 50-day moving average price of $277.76 and a 200 day moving average price of $289.17. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXPGet Free Report) last announced its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.17. American Express had a net margin of 15.36% and a return on equity of 32.65%. The firm had revenue of $16.97 billion during the quarter, compared to the consensus estimate of $17.04 billion. During the same period last year, the firm posted $3.33 EPS. Research analysts forecast that American Express will post 15.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AXP has been the topic of several research analyst reports. BTIG Research decreased their price target on shares of American Express from $272.00 to $240.00 and set a “sell” rating on the stock in a research report on Monday, April 21st. Monness Crespi & Hardt raised their price target on shares of American Express from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. William Blair restated an “outperform” rating on shares of American Express in a research report on Monday, April 21st. JPMorgan Chase & Co. raised their price target on shares of American Express from $244.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. Finally, The Goldman Sachs Group decreased their price target on shares of American Express from $367.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Express currently has an average rating of “Hold” and an average target price of $296.05.

Check Out Our Latest Stock Report on American Express

Insider Buying and Selling at American Express

In other American Express news, insider Howard Grosfield sold 9,450 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total value of $2,603,475.00. Following the completion of the sale, the insider now owns 9,402 shares in the company, valued at approximately $2,590,251. This trade represents a 50.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Glenda G. Mcneal sold 3,019 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total transaction of $799,008.54. Following the completion of the sale, the insider now owns 10,919 shares of the company’s stock, valued at $2,889,822.54. The trade was a 21.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

American Express Profile

(Free Report)

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

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