American Express Company (AXP) Stake Boosted by Stellar Capital Management LLC

Stellar Capital Management LLC grew its holdings in American Express Company (NYSE:AXP) by 0.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,791 shares of the payment services company’s stock after purchasing an additional 1 shares during the period. Stellar Capital Management LLC’s holdings in American Express were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. MCF Advisors LLC lifted its stake in American Express by 0.3% during the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after acquiring an additional 4 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in American Express by 30.4% during 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 acquiring an additional 300 shares in the last quarter. Capital Analysts LLC acquired a new position in American Express during the 2nd quarter worth about $115,000. SRS Capital Advisors Inc. lifted its stake in American Express by 10.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company’s stock worth $116,000 after acquiring an additional 138 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its stake in American Express by 36.7% during the 1st quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock worth $119,000 after acquiring an additional 410 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider James Peter Bush sold 10,230 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $90.55, for a total value of $926,326.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Sobbott sold 5,500 shares of the stock in a transaction dated 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. In the last quarter, insiders sold 146,345 shares of company stock worth $13,716,103. Company insiders own 0.67% of the company’s stock.

Several equities analysts recently issued reports on AXP shares. Bank of America Corporation reissued a “buy” rating and set a $102.00 target price on shares of American Express in a research note on Monday, October 9th. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Tuesday, August 29th. Keefe, Bruyette & Woods set a $95.00 target price on American Express and gave the stock a “buy” rating in a research note on Saturday, August 19th. Oppenheimer Holdings, Inc. set a $99.00 target price on American Express and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Morgan Stanley decreased their target price on American Express from $90.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $91.56.

Shares of American Express Company (NYSE AXP) opened at $93.48 on Monday. American Express Company has a 1-year low of $71.38 and a 1-year high of $96.90. The firm has a market capitalization of $81,140.00, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.56 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 (NYSE:AXP) last released its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.31 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. equities analysts expect that American Express Company will post 5.86 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 6th were issued a $0.35 dividend. The ex-dividend date was Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.50%. This is an increase from American Express’s previous quarterly dividend of $0.32. American Express’s dividend payout ratio is presently 27.03%.

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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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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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