Stewart West Indies Trading CO. Ltd. Holds Position in American Express Company (AXP)
Stewart West Indies Trading CO. Ltd. continued to hold its stake in American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 210,000 shares of the payment services company’s stock at the close of the second quarter. American Express accounts for 1.5% of Stewart West Indies Trading CO. Ltd.’s investment portfolio, making the stock its 17th largest position. Stewart West Indies Trading CO. Ltd.’s holdings in American Express were worth $17,690,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of AXP. MCF Advisors LLC lifted its position in shares of American Express by 0.3% in the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after purchasing an additional 4 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of American Express by 30.4% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after purchasing an additional 300 shares during the period. Capital Analysts LLC acquired a new position in shares of American Express in the 2nd quarter worth approximately $115,000. SRS Capital Advisors Inc. lifted its position in shares of American Express by 10.3% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company’s stock worth $116,000 after purchasing an additional 138 shares during the period. Finally, Westside Investment Management Inc. lifted its position in shares of American Express by 36.7% in the 1st quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock worth $119,000 after purchasing an additional 410 shares during the period. Hedge funds and other institutional investors own 83.83% of the company’s stock.
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A number of research analysts recently issued reports on the stock. Bank of America Corporation reiterated a “buy” rating and set a $102.00 target price on shares of American Express in a research report on Monday, October 9th. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Tuesday, August 29th. Keefe, Bruyette & Woods set a $95.00 target price on shares of American Express and gave the company a “buy” rating in a research report on Saturday, August 19th. Oppenheimer Holdings, Inc. set a $99.00 target price on shares of American Express and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Morgan Stanley dropped their target price 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. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $91.56.
In other American Express news, insider Susan Sobbott sold 5,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $94.34, for a total transaction of $518,870.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Linda Zukauckas sold 3,196 shares of the company’s stock in a transaction dated 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. In the last 90 days, insiders have sold 146,345 shares of company stock valued at $13,716,103. 0.67% of the stock is owned by company insiders.
American Express Company (NYSE:AXP) opened at $93.82 on Thursday. The firm has a market cap of $81,947.52, a PE ratio of 18.09, a P/E/G ratio of 1.57 and a beta of 1.22. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31. American Express Company has a 1 year low of $71.38 and a 1 year high of $96.90.
American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The company had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. equities analysts forecast that American Express Company will post 5.86 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 6th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, October 5th. This represents a $1.40 annualized dividend and a yield of 1.49%. This is a positive change from American Express’s previous quarterly dividend of $0.32. American Express’s dividend payout ratio is presently 26.97%.
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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