2 weeks Ago By ABMN Staff
Delphi Management Inc. MA grew its stake in American Express ( NYSE:AXP – Free Report ) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 7,915 shares of the payment services company’s stock after acquiring an additional 44 shares during the quarter. American Express comprises about 1.5% of Delphi Management Inc.
MA’s portfolio, making the stock its 13th biggest position. Delphi Management Inc. MA’s holdings in American Express were worth $1,833,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in AXP. Scarborough Advisors LLC purchased a new position in shares of American Express in the 4th quarter valued at $25,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of American Express in the 4th quarter worth $29,000.
Game Plan Financial Advisors LLC boosted its position in shares of American Express by 62.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter.
Creekmur Asset Management LLC acquired a new stake in shares of American Express in the 4th quarter worth $32,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of American Express in the 4th quarter worth $37,000. 84.
33% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes A number of research firms have recently weighed in on AXP. Keefe, Bruyette & Woods raised their price objective on American Express from $265.
00 to $280.00 and gave the stock an “outperform” rating in a research report on Monday, July 8th. JPMorgan Chase & Co.
raised their price objective on American Express from $240.00 to $268.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th.
Wells Fargo & Company raised their price objective on American Express from $285.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday.
Jefferies Financial Group raised their price objective on American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a research report on Tuesday, July 9th.
Finally, William Blair reissued an “outperform” rating on shares of American Express in a research report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.
com, the company currently has a consensus rating of “Hold” and an average price target of $231.43. American Express Price Performance NYSE:AXP opened at $271.
17 on Tuesday. American Express has a one year low of $140.91 and a one year high of $272.
68. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.
66 and a current ratio of 1.66. The stock has a market cap of $195.
05 billion, a PE ratio of 22.34, a P/E/G ratio of 1.48 and a beta of 1.
21. The stock has a 50 day moving average price of $251.70 and a 200 day moving average price of $239.
19. 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.
The firm had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.60 billion.
American Express had a return on equity of 32.94% and a net margin of 15.53%.
The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.
89 earnings per share. Equities research analysts expect that American Express will post 13.13 EPS for the current fiscal year.
American Express Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be given a $0.70 dividend.
The ex-dividend date is Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 1.
03%. American Express’s payout ratio is 23.06%.
American Express Company 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. Recommended Stories Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter .
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