San Francisco Sentry Investment Group CA Buys Shares of 2,349 American Express Company (AXP)
San Francisco Sentry Investment Group CA bought a new position in shares of American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,349 shares of the payment services company’s stock, valued at approximately $198,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Shelton Capital Management acquired a new stake in American Express during the 2nd quarter worth approximately $670,000. Prudential PLC increased its position in American Express by 9.1% during the 2nd quarter. Prudential PLC now owns 3,003,335 shares of the payment services company’s stock worth $253,000,000 after purchasing an additional 250,044 shares in the last quarter. AHL Partners LLP increased its position in American Express by 7.8% during the 2nd quarter. AHL Partners LLP now owns 69,653 shares of the payment services company’s stock worth $5,868,000 after purchasing an additional 5,064 shares in the last quarter. Salem Investment Counselors Inc. increased its position in American Express by 1.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 2,866 shares of the payment services company’s stock worth $241,000 after purchasing an additional 41 shares in the last quarter. Finally, Guardian Capital LP increased its position in American Express by 7.0% during the 2nd quarter. Guardian Capital LP now owns 16,733 shares of the payment services company’s stock worth $1,410,000 after purchasing an additional 1,097 shares in the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.
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In other American Express news, insider Ashwini Gupta sold 90,658 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $94.71, for a total value of $8,586,219.18. Following the sale, the insider now directly owns 289,996 shares in the company, valued at $27,465,521.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Sobbott sold 5,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were 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. Insiders sold 146,345 shares of company stock worth $13,716,103 over the last quarter. 0.67% of the stock is currently owned by company insiders.
A number of research firms recently issued reports on AXP. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Wednesday, November 1st. Atlantic Securities raised shares of American Express from an “underweight” rating to a “neutral” rating and set a $100.00 price objective for the company in a research report on Tuesday, October 24th. Jefferies Group LLC reaffirmed an “in-line” rating and issued a $93.00 price objective (up previously from $85.00) on shares of American Express in a research report on Thursday, October 19th. Credit Suisse Group reaffirmed an “underperform” rating and issued a $84.00 price objective (up previously from $79.00) on shares of American Express in a research report on Thursday, October 19th. Finally, Stephens set a $89.00 price objective on shares of American Express and gave the company a “hold” rating in a research report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the company. American Express currently has a consensus rating of “Hold” and a consensus price target of $91.56.
Shares of American Express Company (NYSE:AXP) opened at $94.41 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $81,548.24, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. American Express Company has a one year low of $70.87 and a one year high of $96.90.
American Express (NYSE:AXP) last posted its earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. The company had revenue of $8.44 billion for 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 firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $1.24 earnings per share. equities research analysts anticipate that American Express Company will post 5.86 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 6th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.48%. This is a boost from American Express’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, October 5th. American Express’s dividend payout ratio (DPR) is presently 26.97%.
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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