Investors bought 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 equities research analysts have recently commented on the stock. Citigroup Inc. restated a “buy” rating on shares of American Express in a report on Wednesday, August 10th. JPMorgan Chase & Co. restated a “neutral” rating on shares of American Express in a report on Sunday, July 24th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of American Express in a research note on Thursday, July 21st. BMO Capital Markets assumed coverage on shares of American Express in a research note on Thursday, July 21st. They set a “hold” rating and a $73.00 price objective for the company. Finally, Jefferies Group reiterated a “hold” rating and set a $60.00 price objective on shares of American Express in a research note on Thursday, July 21st. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.40.

The stock has a 50 day moving average of $64.49 and a 200-day moving average of $62.02. The stock has a market capitalization of $59.85 billion and a PE ratio of 11.46.

American Express (NYSE:AXP) last announced its quarterly earnings data on Wednesday, July 20th. The payment services company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.15. The firm earned $8.20 billion during the quarter, compared to analyst estimates of $8.33 billion. During the same period in the prior year, the firm posted $1.42 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts predict that American Express Co. will post $5.50 EPS for the current year.

Several large investors recently modified their holdings of AXP. Schwab Charles Investment Management Inc. raised its stake in shares of 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 during the last quarter. PVG Asset Management bought a new stake in shares of American Express during the fourth quarter valued at approximately $2,515,000. Autus Asset Management LLC bought a new stake in shares of American Express during the fourth quarter valued at approximately $1,121,000. Calvert Investment Management Inc. raised its stake in shares of American Express by 42.7% in the fourth quarter. Calvert Investment Management Inc. now owns 62,216 shares of the payment services company’s stock valued at $4,327,000 after buying an additional 18,618 shares during the last quarter. Finally, River Road Asset Management LLC raised its stake in shares of American Express by 12.2% in the fourth quarter. River Road Asset Management LLC now owns 44,117 shares of the payment services company’s stock valued at $3,068,000 after buying an additional 4,794 shares during 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).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.