Weatherstone Capital Management grew its holdings in shares of American Express Company (NYSE:AXP) by 15.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,598 shares of the payment services company’s stock after buying an additional 479 shares during the period. Weatherstone Capital Management’s holdings in American Express were worth $303,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. MCF Advisors LLC boosted its holdings in shares of American Express by 0.3% during the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after buying an additional 4 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of American Express by 30.4% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after buying an additional 300 shares in the last quarter. Capital Analysts LLC bought a new position in shares of American Express during the 2nd quarter worth approximately $115,000. MV Capital Management Inc. boosted its holdings in shares of American Express by 3.5% during the 2nd quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock worth $122,000 after buying an additional 49 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of American Express by 10.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company’s stock worth $116,000 after buying an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 83.06% of the company’s stock.
In other news, EVP Linda Zukauckas sold 3,196 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $95.42, for a total transaction of $304,962.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashwini Gupta sold 90,658 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $94.71, for a total value of $8,586,219.18. Following the transaction, the insider now owns 289,996 shares of the company’s stock, valued at approximately $27,465,521.16. The disclosure for this sale can be found here. Insiders have sold a total of 140,845 shares of company stock valued at $13,197,233 in the last quarter. 0.67% of the stock is owned by corporate insiders.
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A number of equities analysts have issued reports on the company. Bank of America Corporation increased their price target on American Express from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Barclays PLC set a $93.00 price target on American Express and gave the stock a “hold” rating in a report on Thursday, October 19th. Jefferies Group LLC restated an “in-line” rating and set a $93.00 price target (up from $85.00) on shares of American Express in a report on Thursday, October 19th. BidaskClub upgraded American Express from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Buckingham Research assumed coverage on American Express in a report on Monday, October 2nd. They set a “neutral” rating and a $92.00 price target on the stock. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $91.56.
Shares of American Express Company (AXP) opened at $96.43 on Friday. American Express Company has a 12-month low of $65.03 and a 12-month high of $96.57. The stock has a market capitalization of $83.70 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.60 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90.
American Express (NYSE:AXP) last announced its earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.03. The firm had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $1.24 EPS. sell-side analysts predict that American Express Company will post 5.85 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.35 per share. This is an increase from American Express’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.45%. American Express’s dividend payout ratio is presently 27.03%.
About American Express
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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