Investors purchased shares of American Express Co. (NYSE:AXP) on weakness during trading hours on Thursday. $52.52 million flowed into the stock on the tick-up and $35.74 million flowed out of the stock on the tick-down, for a money net flow of $16.78 million into the stock. Of all companies tracked, American Express had the 10th highest net in-flow for the day. American Express traded down ($0.16) for the day and closed at $65.00

Several analysts recently issued reports on AXP shares. Vetr upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $62.55 target price for the company in a research report on Wednesday, May 4th. Nomura restated a “hold” rating on shares of American Express in a research report on Saturday, July 9th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of American Express in a research report on Thursday, July 21st. Deutsche Bank AG restated a “hold” rating on shares of American Express in a research report on Wednesday, June 15th. Finally, Citigroup Inc. restated a “buy” rating on shares of American Express in a research report on Wednesday, August 10th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $70.40.

The stock has a 50-day moving average of $64.35 and a 200 day moving average of $61.93. The firm has a market cap of $60.05 billion and a P/E ratio of 11.50.

American Express (NYSE:AXP) last posted 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. During the same quarter in the prior year, the firm earned $1.42 EPS. The company had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.33 billion. The firm’s revenue was down .6% on a year-over-year basis. On average, equities analysts anticipate that American Express Co. will post $5.50 earnings per share for the current year.

Other hedge funds and institutional investors recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in American Express by 3.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,370,987 shares of the payment services company’s stock valued at $164,903,000 after buying an additional 86,986 shares in the last quarter. Eaton Vance Management raised its position in American Express by 4.7% in the fourth quarter. Eaton Vance Management now owns 1,455,961 shares of the payment services company’s stock valued at $101,262,000 after buying an additional 65,347 shares in the last quarter. Schroder Investment Management Group raised its position in American Express by 22.8% in the fourth quarter. Schroder Investment Management Group now owns 779,890 shares of the payment services company’s stock valued at $54,242,000 after buying an additional 144,547 shares in the last quarter. Victory Capital Management Inc. raised its position in American Express by 10.5% in the fourth quarter. Victory Capital Management Inc. now owns 615,129 shares of the payment services company’s stock valued at $42,782,000 after buying an additional 58,542 shares in the last quarter. Finally, American International Group Inc. raised its position in American Express by 2.6% in the fourth quarter. American International Group Inc. now owns 379,408 shares of the payment services company’s stock valued at $26,387,000 after buying an additional 9,560 shares in the last quarter.

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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