Tweedy Browne Co. LLC lowered its holdings in shares of American Express Company (NYSE:AXP) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,597 shares of the payment services company’s stock after selling 5,565 shares during the quarter. American Express makes up 0.9% of Tweedy Browne Co. LLC’s portfolio, making the stock its 26th biggest holding. Tweedy Browne Co. LLC’s holdings in American Express were worth $29,703,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. MCF Advisors LLC grew its position in shares of American Express by 0.3% during the second 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 in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of 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 worth $109,000 after purchasing an additional 300 shares in the last quarter. Capital Analysts LLC purchased a new stake in shares of American Express during the second quarter worth about $115,000. SRS Capital Advisors Inc. grew its position 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 worth $116,000 after purchasing an additional 138 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its stake in 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 buying an additional 410 shares during the last quarter. Hedge funds and other institutional investors own 84.12% of the company’s stock.
A number of equities analysts recently commented on the company. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Wednesday, November 1st. Atlantic Securities raised American Express from an “underweight” rating to a “neutral” rating and set a $100.00 price target for the company in a research note on Tuesday, October 24th. Jefferies Group LLC reissued an “in-line” rating and set a $93.00 price target (up from $85.00) on shares of American Express in a research note on Thursday, October 19th. Credit Suisse Group reissued an “underperform” rating and set a $84.00 price target (up from $79.00) on shares of American Express in a research note on Thursday, October 19th. Finally, Stephens set a $89.00 price target on American Express and gave the company a “hold” rating in a research note on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. American Express has a consensus rating of “Hold” and an average price target of $91.56.
American Express Company (NYSE AXP) opened at $93.76 on Wednesday. The company has a market capitalization of $81,504.84, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22. American Express Company has a fifty-two week low of $70.77 and a fifty-two week high of $96.90. 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 (NYSE:AXP) last released its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.47 by $0.03. The company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. American Express’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $1.24 EPS. equities analysts predict that American Express Company will post 5.85 earnings per share for the current fiscal year.
The company also recently disclosed 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 is an increase from American Express’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, October 5th. American Express’s dividend payout ratio (DPR) is presently 26.97%.
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In other news, insider James Peter Bush sold 10,230 shares of American Express stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $90.55, for a total value of $926,326.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Susan Sobbott sold 6,000 shares of American Express stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $84.39, for a total value of $506,340.00. The disclosure for this sale can be found here. Insiders have sold a total of 146,345 shares of company stock worth $13,716,103 over the last 90 days. 0.67% of the stock is currently owned by company insiders.
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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