Stokes Capital Advisors LLC grew its holdings in American Express (NYSE:AXP) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,963 shares of the payment services company’s stock after purchasing an additional 2,102 shares during the period. Stokes Capital Advisors LLC’s holdings in American Express were worth $3,104,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement Association of Colorado boosted its holdings in shares of American Express by 2.1% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 132,309 shares of the payment services company’s stock valued at $11,327,000 after acquiring an additional 2,778 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of American Express by 18.7% during the 1st quarter. Mackenzie Financial Corp now owns 11,890 shares of the payment services company’s stock valued at $1,018,000 after acquiring an additional 1,873 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of American Express by 5,032.4% during the 1st quarter. Two Sigma Advisers LP now owns 364,400 shares of the payment services company’s stock valued at $31,196,000 after acquiring an additional 357,300 shares in the last quarter. APG Asset Management N.V. boosted its holdings in shares of American Express by 78.1% during the 1st quarter. APG Asset Management N.V. now owns 565,581 shares of the payment services company’s stock valued at $48,419,000 after acquiring an additional 248,095 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its holdings in shares of American Express by 26.3% during the 1st quarter. CWA Asset Management Group LLC now owns 2,962 shares of the payment services company’s stock valued at $254,000 after acquiring an additional 617 shares in the last quarter. Institutional investors own 84.14% of the company’s stock.
AXP has been the topic of several recent research reports. William Blair reissued an “outperform” rating on shares of American Express in a report on Tuesday, September 29th. 140166 cut American Express from a “positive” rating to a “neutral” rating and set a $110.00 price target for the company. in a research note on Friday, October 9th. Bank of America lowered American Express from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $106.00 to $95.00 in a research note on Wednesday, September 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of American Express from $108.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of American Express from $97.00 to $106.00 and gave the company an “underweight” rating in a research note on Friday, October 9th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $104.63.
American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.16. The company had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $8.25 billion. American Express had a return on equity of 24.08% and a net margin of 10.02%. The firm’s revenue for the quarter was down 29.2% compared to the same quarter last year. During the same period last year, the business posted $2.07 EPS. Analysts expect that American Express will post 4.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, October 8th. This represents a $1.72 dividend on an annualized basis and a yield of 1.64%. American Express’s dividend payout ratio (DPR) is currently 20.98%.
In other American Express news, insider Denise Pickett sold 2,864 shares of American Express stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $96.62, for a total transaction of $276,719.68. Following the completion of the transaction, the insider now owns 10,202 shares in the company, valued at approximately $985,717.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.
American Express Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; expense management products and services; and lifestyle services.
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