Clean Yield Group held its position in American Express Co. (NYSE:AXP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,362 shares of the payment services company’s stock at the end of the second quarter. Clean Yield Group’s holdings in American Express were worth $144,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC increased its position in shares of American Express by 18.7% in the first quarter. Aperio Group LLC now owns 354,986 shares of the payment services company’s stock worth $21,796,000 after buying an additional 55,957 shares during the period. Commonwealth Equity Services Inc increased its position in shares of American Express by 14.9% in the first quarter. Commonwealth Equity Services Inc now owns 170,719 shares of the payment services company’s stock worth $10,482,000 after buying an additional 22,133 shares during the period. Jag Capital Management LLC increased its position in shares of American Express by 8.6% in the first quarter. Jag Capital Management LLC now owns 18,988 shares of the payment services company’s stock worth $1,166,000 after buying an additional 1,510 shares during the period. Factory Mutual Insurance Co. increased its position in shares of American Express by 11.6% in the first quarter. Factory Mutual Insurance Co. now owns 798,700 shares of the payment services company’s stock worth $49,040,000 after buying an additional 83,000 shares during the period. Finally, Arvest Bank Trust Division increased its position in shares of American Express by 2.4% in the first quarter. Arvest Bank Trust Division now owns 207,829 shares of the payment services company’s stock worth $12,761,000 after buying an additional 4,814 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.
American Express Co. (NYSE:AXP) traded down 0.36% on Monday, hitting $63.81. 2,770,007 shares of the company were exchanged. American Express Co. has a 52 week low of $50.27 and a 52 week high of $77.85. The company has a market capitalization of $58.95 billion, a price-to-earnings ratio of 11.29 and a beta of 1.24. The stock has a 50 day moving average of $64.82 and a 200 day moving average of $63.60.
American Express (NYSE:AXP) last announced its earnings results on Wednesday, July 20th. The payment services company reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.15. American Express had a net margin of 16.73% and a return on equity of 28.00%. The firm had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.33 billion. During the same quarter in the previous year, the business posted $1.42 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. Analysts predict that American Express Co. will post $5.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, October 7th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Wednesday, October 5th. This is a boost from American Express’s previous quarterly dividend of $0.29. American Express’s payout ratio is 20.42%.
A number of research analysts have recently commented on the stock. Credit Suisse Group AG reissued a “sell” rating and issued a $62.00 price objective on shares of American Express in a research report on Friday, September 16th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $74.00 target price on shares of American Express in a report on Monday, September 12th. Atlantic Securities assumed coverage on shares of American Express in a report on Friday, September 9th. They set an “underweight” rating and a $62.00 target price for the company. Piper Jaffray Cos. reaffirmed a “hold” rating and set a $71.00 target price on shares of American Express in a report on Wednesday, September 7th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of American Express in a report on Wednesday, August 10th. Seven equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the stock. American Express has an average rating of “Hold” and a consensus price target of $68.70.
American Express Company Profile
American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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