Omnia Family Wealth LLC maintained its stake in American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,432 shares of the payment services company’s stock at the close of the second quarter. Omnia Family Wealth LLC’s holdings in American Express were worth $121,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MCF Advisors LLC increased its stake in American Express by 0.3% in the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after purchasing an additional 4 shares in the last quarter. Appleton Partners Inc. MA increased its stake in American Express by 0.3% in the 2nd quarter. Appleton Partners Inc. MA now owns 2,658 shares of the payment services company’s stock worth $224,000 after purchasing an additional 8 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in American Express by 0.4% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,652 shares of the payment services company’s stock worth $223,000 after purchasing an additional 11 shares in the last quarter. Bath Savings Trust Co increased its stake in American Express by 0.3% in the 2nd quarter. Bath Savings Trust Co now owns 4,388 shares of the payment services company’s stock worth $369,000 after purchasing an additional 14 shares in the last quarter. Finally, Accredited Investors Inc. increased its stake in American Express by 0.5% in the 1st quarter. Accredited Investors Inc. now owns 3,174 shares of the payment services company’s stock worth $251,000 after purchasing an additional 15 shares in the last quarter. 83.06% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on AXP shares. Morgan Stanley dropped their price target on American Express from $90.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Friday, September 8th. Credit Suisse Group reissued an “underperform” rating and issued a $84.00 price target (up previously from $79.00) on shares of American Express in a research note on Thursday, October 19th. Bank of America Corporation reissued a “buy” rating and issued a $102.00 price target on shares of American Express in a research note on Monday, October 9th. Zacks Investment Research cut American Express from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Finally, BidaskClub cut American Express from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. American Express currently has a consensus rating of “Hold” and a consensus target price of $91.56.
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American Express Company (NYSE:AXP) opened at $96.43 on Friday. American Express Company has a 1-year low of $65.03 and a 1-year high of $96.57. The company has a market capitalization of $83,700.85, a P/E ratio of 18.47, a PEG ratio of 1.61 and a beta of 1.22. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31.
American Express (NYSE:AXP) last issued its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. American Express had a return on equity of 22.73% and a net margin of 14.48%. The company had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.31 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. equities research analysts anticipate that American Express Company will post 5.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 5th. This is a positive change from American Express’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%. American Express’s payout ratio is 26.97%.
In other news, insider Ashwini Gupta sold 90,658 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $94.71, for a total transaction of $8,586,219.18. Following the completion of the transaction, the insider now directly owns 289,996 shares in the company, valued at $27,465,521.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Susan Sobbott sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $84.39, for a total value of $506,340.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,845 shares of company stock valued at $13,197,233. Corporate insiders own 0.67% of the company’s stock.
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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