American Express Company (AXP) is Lakeview Capital Partners LLC’s 8th Largest Position
Lakeview Capital Partners LLC increased its position in American Express Company (NYSE:AXP) by 15.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 23,611 shares of the payment services company’s stock after purchasing an additional 3,088 shares during the period. American Express comprises about 1.7% of Lakeview Capital Partners LLC’s investment portfolio, making the stock its 8th biggest holding. Lakeview Capital Partners LLC’s holdings in American Express were worth $2,136,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of AXP. Probity Advisors Inc. acquired a new stake in shares of American Express during the 3rd quarter valued at $211,000. Victory Capital Management Inc. raised its holdings in shares of American Express by 21.9% during the 3rd quarter. Victory Capital Management Inc. now owns 42,658 shares of the payment services company’s stock valued at $3,859,000 after purchasing an additional 7,668 shares in the last quarter. Lee Danner & Bass Inc. raised its holdings in American Express by 14.5% in the 3rd quarter. Lee Danner & Bass Inc. now owns 7,729 shares of the payment services company’s stock worth $699,000 after acquiring an additional 981 shares during the period. Crossmark Global Holdings Inc. bought a new position in American Express in the 3rd quarter worth $5,505,000. Finally, Honeywell International Inc. raised its holdings in American Express by 24.1% in the 3rd quarter. Honeywell International Inc. now owns 310,300 shares of the payment services company’s stock worth $28,070,000 after acquiring an additional 60,300 shares during the period. 83.51% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the stock. Morgan Stanley decreased 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 research report on Friday, September 8th. Zacks Investment Research lowered shares of American Express from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Credit Suisse Group restated a “sell” rating and issued a $79.00 price target on shares of American Express in a research report on Wednesday, October 4th. Atlantic Securities upgraded shares of American Express from an “underweight” rating to a “neutral” rating and set a $100.00 price target on the stock in a research report on Tuesday, October 24th. Finally, Wells Fargo & Company assumed coverage on shares of American Express in a research report on Tuesday, October 10th. They issued an “outperform” rating and a $105.00 price target on the stock. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $91.56.
In other news, insider James Peter Bush sold 13,548 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $97.60, for a total value of $1,322,284.80. Following the completion of the transaction, the insider now owns 90,052 shares in the company, valued at $8,789,075.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Linda Zukauckas sold 3,196 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $95.42, for a total transaction of $304,962.32. The disclosure for this sale can be found here. Insiders sold 211,199 shares of company stock valued at $19,978,410 in the last quarter. Corporate insiders own 0.67% of the company’s stock.
Shares of American Express Company (AXP) opened at $98.55 on Monday. American Express Company has a 12 month low of $73.11 and a 12 month high of $99.75. 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 company has a market cap of $85,541.03, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22.
American Express (NYSE:AXP) last issued its earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The firm 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%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. equities research analysts forecast that American Express Company will post 5.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, January 4th. American Express’s dividend payout ratio (DPR) is presently 26.97%.
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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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