Steel Canyon Capital LLC held its position in American Express Company (NYSE:AXP) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 79,392 shares of the payment services company’s stock at the end of the 2nd quarter. American Express comprises about 7.5% of Steel Canyon Capital LLC’s investment portfolio, making the stock its 6th largest position. Steel Canyon Capital LLC’s holdings in American Express were worth $6,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. MCF Advisors LLC grew its position in American Express by 0.3% during the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after acquiring an additional 4 shares during the last quarter. Appleton Partners Inc. MA grew its position in American Express by 0.3% during the 2nd quarter. Appleton Partners Inc. MA now owns 2,658 shares of the payment services company’s stock worth $224,000 after acquiring an additional 8 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in American Express by 0.4% during 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 acquiring an additional 11 shares during the last quarter. Bath Savings Trust Co grew its position in American Express by 0.3% during the 2nd quarter. Bath Savings Trust Co now owns 4,388 shares of the payment services company’s stock worth $369,000 after acquiring an additional 14 shares during the last quarter. Finally, Accredited Investors Inc. grew its position in American Express by 0.5% during the 1st quarter. Accredited Investors Inc. now owns 3,174 shares of the payment services company’s stock worth $251,000 after acquiring an additional 15 shares during the last quarter. Institutional investors and hedge funds own 84.12% of the company’s stock.

American Express Company (AXP) opened at $93.69 on Friday. The stock has a market capitalization of $81,322.55, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. American Express Company has a 1-year low of $70.77 and a 1-year high of $96.90.

American Express (NYSE:AXP) last released its earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.03. The firm had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS. equities analysts forecast that American Express Company will post 5.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 6th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, October 5th. This is a boost from American Express’s previous quarterly dividend of $0.32. American Express’s dividend payout ratio is 26.97%.

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In other American Express news, EVP Linda Zukauckas sold 3,196 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $95.42, for a total transaction of $304,962.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Sobbott sold 5,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $94.34, for a total value of $518,870.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,345 shares of company stock valued at $13,716,103. Corporate insiders own 0.67% of the company’s stock.

Several research analysts have issued reports on AXP shares. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $94.00 price objective (up previously from $87.00) on shares of American Express in a report on Saturday, July 22nd. Guggenheim reaffirmed a “buy” rating and set a $95.00 price objective (up previously from $90.00) on shares of American Express in a report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $85.00 price objective on shares of American Express in a report on Saturday, July 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $100.00 price objective (up previously from $99.00) on shares of American Express in a report on Saturday, July 22nd. Finally, BidaskClub downgraded American Express from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the stock. American Express presently has an average rating of “Hold” and a consensus target price of $91.56.

American Express 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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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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