LS Investment Advisors LLC Has $1,626,000 Position in American Express Co. (AXP)
LS Investment Advisors LLC raised its position in American Express Co. (NYSE:AXP) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,753 shares of the payment services company’s stock after buying an additional 734 shares during the period. LS Investment Advisors LLC’s holdings in American Express were worth $1,626,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in American Express during the first quarter worth $133,000. Kistler Tiffany Companies LLC raised its position in 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 during the last quarter. Capital Analysts LLC raised its position in 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 during the last quarter. Balentine LLC raised its position in 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 during the last quarter. Finally, Marquette Asset Management Inc. acquired a new position in American Express during the second quarter worth $209,000. Hedge funds and other 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, hitting $61.76. 4,217,375 shares of the stock traded hands. American Express Co. has a 1-year low of $50.27 and a 1-year high of $77.61. The firm has a market cap of $57.05 billion, a price-to-earnings ratio of 10.93 and a beta of 1.24. The stock has a 50-day moving average of $64.52 and a 200 day moving average of $63.61.
American Express (NYSE:AXP) last posted its quarterly earnings data on Wednesday, July 20th. The payment services company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.15. The company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.33 billion. American Express had a net margin of 16.73% and a return on equity of 28.00%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 earnings per share. On average, equities analysts expect that American Express Co. will post $5.51 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, October 7th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Wednesday, October 5th. This is a positive change from American Express’s previous quarterly dividend of $0.29. American Express’s payout ratio is 22.54%.
A number of research firms recently weighed in on AXP. Nomura restated a “hold” rating on shares of American Express in a research report on Saturday, July 9th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of American Express in a research report on Thursday, July 21st. DA Davidson restated a “neutral” rating and set a $66.00 price target on shares of American Express in a research report on Friday, July 8th. Jefferies Group reiterated a “hold” rating and issued a $60.00 target price on shares of American Express in a report on Thursday, July 21st. Finally, William Blair reiterated an “outperform” rating on shares of American Express in a report on Thursday, July 21st. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $68.46.
About American Express
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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