American Express Co. (AXP) Stake Held by Gargoyle Investment Advisor L.L.C.
Gargoyle Investment Advisor L.L.C. continued to hold its stake in shares of American Express Co. (NYSE:AXP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,000 shares of the payment services company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in American Express were worth $243,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of AXP. Capital Analysts LLC boosted its stake in shares of American Express by 84.0% in the second quarter. Capital Analysts LLC now owns 2,631 shares of the payment services company’s stock worth $107,000 after buying an additional 1,201 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of American Express during the first quarter worth about $133,000. Kistler Tiffany Companies LLC boosted its stake in shares of American Express by 13.6% in the second quarter. Kistler Tiffany Companies LLC now owns 2,625 shares of the payment services company’s stock worth $159,000 after buying an additional 315 shares in the last quarter. Balentine LLC boosted its stake in shares of American Express by 20.2% in the first quarter. Balentine LLC now owns 3,270 shares of the payment services company’s stock worth $201,000 after buying an additional 550 shares in the last quarter. Finally, Marquette Asset Management Inc. purchased a new stake in shares of American Express during the second quarter worth about $209,000. Institutional investors own 82.18% of the company’s stock.
American Express Co. (NYSE:AXP) traded down 0.29% during mid-day trading on Friday, reaching $61.76. The company had a trading volume of 4,217,375 shares. The firm has a 50-day moving average price of $64.52 and a 200 day moving average price of $63.61. The firm has a market capitalization of $57.05 billion, a price-to-earnings ratio of 10.93 and a beta of 1.24. American Express Co. has a 12-month low of $50.27 and a 12-month high of $77.61.
American Express (NYSE:AXP) last released its quarterly earnings data on Wednesday, July 20th. The payment services company reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.15. The company earned $8.20 billion during the quarter, compared to the consensus estimate of $8.33 billion. American Express had a net margin of 16.73% and a return on equity of 28.00%. American Express’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.42 EPS. Analysts expect that American Express Co. will post $5.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, October 7th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This is an increase from American Express’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 2.07%. American Express’s dividend payout ratio (DPR) is 22.54%.
A number of equities research analysts have recently issued reports on AXP shares. Vetr cut American Express from a “strong-buy” rating to a “buy” rating and set a $67.47 price objective for the company. in a report on Monday, July 11th. Citigroup Inc. restated a “buy” rating on shares of American Express in a report on Wednesday, August 10th. JPMorgan Chase & Co. restated a “hold” rating on shares of American Express in a report on Thursday, June 30th. Nomura restated a “hold” rating on shares of American Express in a report on Saturday, July 9th. Finally, Deutsche Bank AG restated a “hold” rating on shares of American Express in a report on Wednesday, June 15th. Eight analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $68.46.
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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