Hunter Associates Investment Management LLC held its position in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,643 shares of the payment services company’s stock at the end of the 2nd quarter. Hunter Associates Investment Management LLC’s holdings in American Express were worth $223,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC lifted its stake in American Express by 0.3% during the second quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock valued at $108,000 after purchasing an additional 4 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in American Express by 30.4% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock valued at $109,000 after purchasing an additional 300 shares during the last quarter. Capital Analysts LLC acquired a new stake in American Express during the second quarter valued at approximately $115,000. SRS Capital Advisors Inc. raised its holdings in shares of American Express by 10.3% during the first quarter. SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company’s stock valued at $116,000 after acquiring an additional 138 shares during the period. Finally, Westside Investment Management Inc. raised its holdings in shares of American Express by 36.7% during the first quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock valued at $119,000 after acquiring an additional 410 shares during the period. 84.12% of the stock is owned by institutional investors and hedge funds.
In other American Express news, insider Ashwini Gupta sold 90,658 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $94.71, for a total value of $8,586,219.18. Following the completion of the sale, the insider now directly owns 289,996 shares of the company’s stock, valued at approximately $27,465,521.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Anre D. Williams sold 30,761 shares of the stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the completion of the sale, the insider now directly owns 28,720 shares of the company’s stock, valued at $2,682,735.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,345 shares of company stock valued at $13,716,103. 0.67% of the stock is owned by insiders.
A number of equities research analysts have recently issued reports on AXP shares. Zacks Investment Research lowered shares of American Express from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Morgan Stanley cut their price target on shares of American Express from $90.00 to $89.00 and set an “equal weight” rating on the stock in a report on Friday, September 8th. Jefferies Group LLC restated a “hold” rating and set a $85.00 price target on shares of American Express in a report on Saturday, July 22nd. Credit Suisse Group restated an “underperform” rating and set a $84.00 price target (up previously from $79.00) on shares of American Express in a report on Thursday, October 19th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $100.00 price target (up previously from $99.00) on shares of American Express in a report on Saturday, July 22nd. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $91.56.
Shares of American Express Company (NYSE:AXP) opened at $93.76 on Wednesday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market cap of $81,504.84, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.57 and a beta of 1.22. American Express Company has a 1-year low of $70.77 and a 1-year high of $96.90.
American Express (NYSE:AXP) last posted its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The business had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. American Express’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. analysts anticipate that American Express Company will post 5.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 6th were issued a dividend of $0.35 per share. This is an increase from American Express’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Thursday, October 5th. American Express’s dividend payout ratio is currently 26.97%.
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American Express Company Profile
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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