---
title: "American Express (NYSE:AXP) Holdings Boosted by Raymond James & Associates"
description: "Raymond James & Associates increased its holdings in American Express (NYSE: AXP) by 3.2% during Q2, owning 674,574 shares worth approximately $197,000. Several other hedge funds also adjusted their p"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/211947889.md"
published_at: "2024-08-19T13:09:17.000Z"
---

# American Express (NYSE:AXP) Holdings Boosted by Raymond James & Associates

> Raymond James & Associates increased its holdings in American Express (NYSE: AXP) by 3.2% during Q2, owning 674,574 shares worth approximately $197,000. Several other hedge funds also adjusted their positions. Analyst ratings for AXP show mixed reviews, with a consensus rating of "Hold" and a price target increase by some firms. The current stock price decreased by 0.2%, with notable financial metrics indicating a stable performance. American Express reported Q2 EPS of $2.49, surpassing estimates, and a year-over-year revenue increase of 9.2%.

Raymond James & Associates boosted its holdings in American Express (NYSE:AXP - Free Report) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 674,574 shares of the payment services company's stock after acquiring an additional 20,849 shares during the period. Raymond James & Associates owned about 0.09% of American Express worth $156,197,000 at the end of the most recent quarter.

Get **American Express** alerts:

-   Is CrowdStrike Stock a Hidden Gem After the Recent Selloff?

A number of other hedge funds also recently made changes to their positions in the business. Marietta Wealth Management LLC bought a new stake in shares of American Express during the second quarter valued at approximately $208,000. Solitude Financial Services raised its holdings in shares of American Express by 11.8% during the second quarter. Solitude Financial Services now owns 4,240 shares of the payment services company's stock valued at $982,000 after buying an additional 447 shares during the last quarter. Oakworth Capital Inc. raised its holdings in shares of American Express by 7.7% during the second quarter. Oakworth Capital Inc. now owns 4,170 shares of the payment services company's stock valued at $966,000 after buying an additional 298 shares during the last quarter. Davis Investment Partners LLC raised its holdings in shares of American Express by 15.0% during the second quarter. Davis Investment Partners LLC now owns 7,969 shares of the payment services company's stock valued at $1,902,000 after buying an additional 1,042 shares during the last quarter. Finally, Genesee Capital Advisors LLC bought a new stake in shares of American Express during the second quarter valued at approximately $363,000. Institutional investors own 84.33% of the company's stock.

## Analyst Ratings Changes

A number of research firms have recently weighed in on AXP. Royal Bank of Canada lifted their price target on American Express from $265.00 to $267.00 and gave the company an "outperform" rating in a report on Monday, July 22nd. BMO Capital Markets raised their price objective on shares of American Express from $167.00 to $175.00 and gave the company an "underperform" rating in a research note on Monday, April 22nd. Morgan Stanley raised their price objective on shares of American Express from $222.00 to $226.00 and gave the company an "equal weight" rating in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of American Express from $240.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of American Express from $240.00 to $268.00 and gave the company an "overweight" rating in a research note on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, American Express presently has an average rating of "Hold" and an average price target of $230.70.

  

-   Safeguard Against Credit Card Risks with This Top Financial Stock

**Check Out Our Latest Report on AXP**

## American Express Trading Down 0.2 %

American Express stock opened at $251.31 on Monday. The company's fifty day simple moving average is $237.19 and its 200-day simple moving average is $229.73. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. American Express has a 12 month low of $140.91 and a 12 month high of $256.24. The stock has a market cap of $180.77 billion, a P/E ratio of 20.73, a P/E/G ratio of 1.38 and a beta of 1.21.

-   3 Top Financial Sector Stocks to Invest in Now

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Friday, July 19th. The payment services company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.26 by $0.23. American Express had a net margin of 15.53% and a return on equity of 32.94%. The business had revenue of $16.33 billion for the quarter, compared to analysts' expectations of $16.60 billion. During the same period in the previous year, the company posted $2.89 EPS. American Express's revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts forecast that American Express will post 13.24 EPS for the current fiscal year.

## 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.

## Featured Articles

-   Five stocks we like better than American Express
-   How to Know Which Cryptocurrency to Buy: A Guide for Investors
-   Archer Aviation Stumbles on Q2 Earnings, But Potential Remains
-   3 Warren Buffett Stocks to Buy Now
-   AST SpaceMobile Surges 50% Space Broadband Cellular Launch Nears
-   Best Stocks Under $10.00
-   This Early-Stage Biotech Stock Is Up 400% — Should You Buy Now?

*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

→ This Crypto Is Set to Explode in August (From Crypto 101 Media) (Ad)## Should you invest $1,000 in American Express right now?

Before you consider American Express, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Express wasn't on the list.

While American Express currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

### Related Stocks

- [AXP.US - American Express](https://longbridge.com/en/quote/AXP.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| American Express CFO Touts Strong Spending, Platinum Refresh Success and Resilient Credit at Conference | American Express CFO Christophe Le Caillec reported strong spending trends, particularly in premium products and travel, | [Link](https://longbridge.com/en/news/276078013.md) |
| American Express Says USCS Card Member Loans 30 Days Past Due Loans As A% Of Total 1.4% At Jan 2026 End | American Express reported that as of January 2026, 1.4% of USCS card member loans were 30 days past due. The net write-o | [Link](https://longbridge.com/en/news/276150743.md) |
| BASF To Increase BDO Production In Ludwigshafen | BASF SE :BASF SUPPORTS EUROPEAN BDO SUPPLY SECURITY THROUGH INCREASED PRODUCTION IN LUDWIGSHAFEN | [Link](https://longbridge.com/en/news/276046129.md) |
| TLGY Acquisition Corp. Announces Effectiveness of Registration Statement for Proposed Business Combination | TLGY Acquisition Corp. announced the effectiveness of its registration statement for a proposed business combination wit | [Link](https://longbridge.com/en/news/276231466.md) |
| A $10K credit to be voluntarily bumped from your cruise? Passengers are scoring lucrative deals as trips get overbooked. | Cruise lines, like airlines, are facing overbooking issues as demand surges, with an estimated 37.7 million passengers e | [Link](https://longbridge.com/en/news/276358202.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
