2 weeks Ago By ABMN Staff
MBB Public Markets I LLC purchased a new stake in shares of American Express ( NYSE:AXP ) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 40,388 shares of the payment services company’s stock, valued at approximately $9,352,000. A number of other hedge funds have also recently made changes to their positions in AXP.
Daymark Wealth Partners LLC grew its position in American Express by 0.7% during the 2nd quarter. Daymark Wealth Partners LLC now owns 100,931 shares of the payment services company’s stock valued at $23,371,000 after purchasing an additional 664 shares during the last quarter.
Drucker Wealth 3.0 LLC bought a new position in shares of American Express in the second quarter worth approximately $439,000. Dundas Partners LLP grew its holdings in shares of American Express by 1.
0% during the second quarter. Dundas Partners LLP now owns 167,619 shares of the payment services company’s stock valued at $38,812,000 after buying an additional 1,619 shares during the last quarter. Elgethun Capital Management increased its position in shares of American Express by 0.
4% during the second quarter. Elgethun Capital Management now owns 18,218 shares of the payment services company’s stock valued at $4,218,000 after acquiring an additional 75 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in American Express by 31.
2% in the 2nd quarter. AQR Capital Management LLC now owns 109,198 shares of the payment services company’s stock worth $25,285,000 after acquiring an additional 25,937 shares during the last quarter. 84.
33% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth A number of research firms have commented on AXP. William Blair reissued an “outperform” rating on shares of American Express in a report on Monday, June 3rd.
BTIG Research began coverage on American Express in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods raised their price target on shares of American Express from $265.
00 to $280.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Wells Fargo & Company boosted their price objective on shares of American Express from $275.
00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Finally, Monness Crespi & Hardt raised their target price on shares of American Express from $260.
00 to $265.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $230.78.
American Express Stock Performance NYSE:AXP opened at $268.11 on Friday. The stock has a 50-day moving average price of $250.
22 and a 200 day moving average price of $238.05. The company has a current ratio of 1.
66, a quick 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 $272.41.
The stock has a market capitalization of $190.60 billion, a P/E ratio of 22.08, a P/E/G ratio of 1.
48 and a beta of 1.21. American Express ( NYSE:AXP – Get Free Report ) last released its earnings results on Friday, July 19th.
The payment services company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.26 by $0.
23. The firm had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.
60 billion. American Express had a net margin of 15.53% and a return on equity of 32.
94%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year.
During the same quarter in the previous year, the firm earned $2.89 earnings per share. Equities research analysts forecast that American Express will post 13.
13 EPS for the current fiscal year. American Express Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be issued a $0.
70 dividend. The ex-dividend date is Friday, October 4th. This represents a $2.
80 annualized dividend and a dividend yield of 1.04%. American Express’s dividend payout ratio (DPR) 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. Further Reading Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for American Express ( NYSE:AXP – Free Report ). 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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