Baker Ellis Asset Management LLC maintained its stake in shares of American Express Co. (NYSE:AXP) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 14,395 shares of the payment services company’s stock at the end of the second quarter. Baker Ellis Asset Management LLC’s holdings in American Express were worth $875,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of American Express during the first quarter worth approximately $133,000. Kistler Tiffany Companies LLC boosted its stake 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 valued at $159,000 after buying an additional 315 shares during the last quarter. Capital Analysts LLC boosted its stake 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 valued at $107,000 after buying an additional 1,201 shares during the last quarter. Prentiss Smith & Co. Inc. purchased a new stake in American Express during the second quarter valued at about $181,000. Finally, Balentine LLC boosted its stake in American Express by 20.2% in the first quarter. Balentine LLC now owns 3,270 shares of the payment services company’s stock valued at $201,000 after buying an additional 550 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.
Shares of American Express Co. (NYSE:AXP) traded down 0.29% during trading on Friday, reaching $61.76. 4,217,375 shares of the company’s stock traded hands. The company has a 50 day moving average of $64.63 and a 200-day moving average of $63.61. American Express Co. has a 1-year low of $50.27 and a 1-year high of $77.82. The company has a market capitalization of $57.05 billion, a price-to-earnings ratio of 10.93 and a beta of 1.24.
American Express (NYSE:AXP) last released its quarterly earnings results on Wednesday, July 20th. The payment services company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.15. American Express had a net margin of 16.73% and a return on equity of 28.00%. The business earned $8.20 billion during the quarter, compared to the consensus estimate of $8.33 billion. During the same quarter last year, the company earned $1.42 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. Equities analysts predict that American Express Co. will post $5.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, October 7th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, October 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.07%. This is an increase from American Express’s previous quarterly dividend of $0.29. American Express’s dividend payout ratio (DPR) is presently 22.54%.
Several research firms recently issued reports on AXP. JPMorgan Chase & Co. restated a “hold” rating and set a $68.00 price objective on shares of American Express in a research report on Thursday, June 9th. Atlantic Securities began coverage on shares of American Express in a research report on Friday, September 9th. They set an “underweight” rating and a $62.00 price objective for the company. Piper Jaffray Cos. restated a “hold” rating and set a $71.00 price objective on shares of American Express in a research report on Wednesday, September 7th. Citigroup Inc. restated a “buy” rating on shares of American Express in a research report on Wednesday, August 10th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $74.00 price objective on shares of American Express in a research report on Monday, September 12th. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. American Express currently has an average rating of “Hold” and a consensus price target 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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