Adalta Capital Management LLC cut its position in American Express (NYSE:AXP) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,660 shares of the payment services company’s stock after selling 1,600 shares during the quarter. American Express comprises 2.5% of Adalta Capital Management LLC’s holdings, making the stock its 17th biggest position. Adalta Capital Management LLC’s holdings in American Express were worth $3,327,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Certified Advisory Corp bought a new stake in shares of American Express during the 4th quarter worth about $101,000. Archford Capital Strategies LLC bought a new stake in shares of American Express during the 1st quarter worth about $123,000. Trustcore Financial Services LLC bought a new stake in shares of American Express during the 4th quarter worth about $128,000. Private Ocean LLC raised its position in shares of American Express by 14,070.0% during the 1st quarter. Private Ocean LLC now owns 1,417 shares of the payment services company’s stock worth $132,000 after buying an additional 1,407 shares in the last quarter. Finally, Delpha Capital Management LLC bought a new stake in shares of American Express during the 4th quarter worth about $138,000. Hedge funds and other institutional investors own 82.87% of the company’s stock.
A number of analysts have commented on AXP shares. ValuEngine downgraded shares of American Express from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. TheStreet upgraded shares of American Express from a “c+” rating to a “b+” rating in a research report on Wednesday, April 18th. UBS Group started coverage on shares of American Express in a research report on Tuesday, March 27th. They set a “buy” rating and a $111.00 price target on the stock. Oppenheimer set a $117.00 price target on shares of American Express and gave the stock a “buy” rating in a research report on Tuesday, March 13th. Finally, William Blair restated an “outperform” rating on shares of American Express in a research report on Friday, March 16th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $107.45.
American Express stock opened at $98.52 on Monday. The company has a market capitalization of $84.76 billion, a PE ratio of 16.78, a PEG ratio of 1.33 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.67. American Express has a fifty-two week low of $80.77 and a fifty-two week high of $103.24.
American Express (NYSE:AXP) last released its earnings results on Wednesday, April 18th. The payment services company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.15. The business had revenue of $9.72 billion for the quarter, compared to the consensus estimate of $9.49 billion. American Express had a net margin of 8.79% and a return on equity of 28.41%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $1.34 earnings per share. equities research analysts predict that American Express will post 7.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 10th. Stockholders of record on Friday, July 6th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Thursday, July 5th. American Express’s dividend payout ratio (DPR) is currently 23.85%.
In other news, EVP Richard Petrino sold 9,880 shares of American Express stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $102.89, for a total value of $1,016,553.20. Following the transaction, the executive vice president now directly owns 16,198 shares of the company’s stock, valued at $1,666,612.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider L Kevin Cox sold 2,975 shares of American Express stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $99.50, for a total transaction of $296,012.50. Following the completion of the transaction, the insider now directly owns 19,249 shares in the company, valued at $1,915,275.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,936 shares of company stock worth $8,082,400. 0.20% of the stock is currently owned by insiders.
American Express Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
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