Radnor Capital Management LLC Sells 390 Shares of American Express Company $AXP

Radnor Capital Management LLC cut its holdings in American Express Company (NYSE:AXP) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,558 shares of the payment services company’s stock after selling 390 shares during the quarter. American Express makes up 2.0% of Radnor Capital Management LLC’s holdings, making the stock its 8th biggest holding. Radnor Capital Management LLC’s holdings in American Express were worth $12,299,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Capital Asset Advisory Services LLC boosted its stake in shares of American Express by 2.8% during the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after purchasing an additional 32 shares in the last quarter. DLK Investment Management LLC lifted its stake in shares of American Express by 3.8% in the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock worth $277,000 after acquiring an additional 32 shares during the period. Financial Engines Advisors L.L.C. lifted its stake in shares of American Express by 4.7% in the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock worth $208,000 after acquiring an additional 35 shares during the period. Modern Wealth Management LLC lifted its stake in shares of American Express by 0.7% in the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock worth $1,324,000 after acquiring an additional 35 shares during the period. Finally, Greenfield Savings Bank lifted its stake in shares of American Express by 0.3% in the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after acquiring an additional 35 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Up 0.0%

Shares of NYSE:AXP opened at $327.28 on Wednesday. The company has a market capitalization of $227.75 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 1.73 and a beta of 1.28. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.61 and a quick ratio of 1.60. The business has a fifty day moving average price of $313.58 and a two-hundred day moving average price of $292.32. American Express Company has a 1 year low of $220.43 and a 1 year high of $332.46.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 18th. The payment services company reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.86 by $0.22. The firm had revenue of $17.86 billion during the quarter, compared to the consensus estimate of $17.70 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%.The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.49 EPS. Analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on AXP. William Blair reaffirmed an “outperform” rating on shares of American Express in a research note on Wednesday, July 2nd. BTIG Research set a $277.00 price objective on American Express and gave the stock a “sell” rating in a research note on Monday, July 14th. JPMorgan Chase & Co. lifted their price objective on American Express from $260.00 to $342.00 and gave the stock a “neutral” rating in a research note on Friday, July 11th. Barclays lifted their price objective on American Express from $249.00 to $297.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley lifted their price objective on American Express from $250.00 to $311.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Eight research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $315.20.

Insider Transactions at American Express

In other news, insider Anna Marrs sold 5,500 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the completion of the transaction, the insider owned 20,311 shares in the company, valued at approximately $6,312,049.47. This represents a 21.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laureen Seeger sold 61,721 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $297.47, for a total value of $18,360,145.87. Following the transaction, the insider owned 9,001 shares of the company’s stock, valued at $2,677,527.47. The trade was a 87.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 269,996 shares of company stock worth $85,261,270. Company insiders own 0.20% of the company’s stock.

American Express Company 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.