Economy

American Express Company (AXP) Now Covered by Analysts at Buckingham Research

Pioneer Investment Management Inc. lifted its holdings in American Express Company (NYSE:AXP) by 6.2% in the second quarter, according to its most recent disclosure with the SEC. Zevin Asset Mngmt Limited Liability Company holds 0.07% or 3,520 shares. The correct version of this story can be read at https://stocknewstimes.com/2017/10/03/pioneer-investment-management-inc-increases-position-in-american-express-company-axp.html. 104 funds opened positions while 306 raised stakes. The payment services company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.44 by $0.03. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders.

As of the end of the quarter Next Financial Group, Inc had acquired 176 shares growing its stake by 0.7%. The value in dollars increased from $1,372,000 to $920,149,000 a change of $918,777,000 quarter over quarter. The value of the investment in American Express Company went from $211,000 to $32,000 decreasing 84.8% since the last quarter. OppenheimerFunds Inc. now owns 3,627,184 shares of the payment services company's stock worth $286,946,000 after purchasing an additional 1,038,328 shares during the period.

Want to see what other hedge funds are holding AXP?

On 7/21/2017 Paul D. Fabara, Insider, sold 5,981 with an average share price of $85.88 per share and the total transaction amounting to $513,648.28. Salient Cap Advsr Ltd Limited Liability Company stated it has 6,192 shares. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ILLEGAL ACTIVITY NOTICE: "American Express Company (AXP) Now Covered by Analysts at Buckingham Research" was originally reported by Week Herald and is the property of of Week Herald. Sigma Planning Corp sold 5,091 shares as the company's stock declined 3.65% while stock markets rallied. In the last ninety days, insiders have sold 949,387 shares of company stock valued at $80,451,099. Moreover, Webster Commercial Bank N A has 0.04% invested in American Express Company (NYSE:AXP).

Several analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of American Express from $90.00 to $89.00 and set an "equal weight" rating on the stock in a research report on Friday, September 8th. Zacks Investment Research lowered American Express from a "buy" rating to a "hold" rating in a report on Wednesday, August 30th. BidaskClub cut American Express from a "buy" rating to a "hold" rating in a research note on Tuesday, July 25th. Finally, Guggenheim reiterated a "buy" rating and issued a $95.00 target price (up from $90.00) on shares of American Express in a report on Saturday, July 22nd.

Among 20 analysts covering Pfizer (NYSE:PFE), 8 have Buy rating, 1 Sell and 11 Hold. American Express has an average rating of "Hold" and an average price target of $86.53.

COPYRIGHT VIOLATION WARNING: This report was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. Godshalk Welsh Mgmt reported 1.31% in American Express Company (NYSE:AXP). 2,996K shares changed hands by the end of trading on Tuesday. The stock had a trading volume of 4,466,395 shares.

Shares of the company are trading at $90.54 a bit higher than $86.79, the 50 day moving average and much higher than the 200 day moving average of $82.26. American Express Company has a one year low of $59.50 and a one year high of $91.17. The firm has a market cap of $80.04 billion, a P/E ratio of 18.57 and a beta of 1.21. Brown Advisory Inc reported 0.21% in American Express Company (NYSE:AXP). The firm has price to sales ratio of 1.02 and its price to book per share was 0.45. The business had revenue of $8.31 billion during the quarter, compared to analyst estimates of $8.20 billion. American Express had a return on equity of 21.90% and a net margin of 14.11%. The firm's quarterly revenue was up.9% compared to the same quarter past year. In the latest earnings report the EPS was $4.88 and is estimated to be $5.74 for the current year with 883,979,000 shares now outstanding. This repurchase authorization permits the payment services company to repurchase up to 5.9% of its stock through open market purchases.

In recent action, American Express Company (AXP) has made a move of +5.11% over the past month, which has come on weak relative transaction volume. Shareholders of record as of October 6 will receive dividends from the credit card provider on November 10. The Kansas-based Meritage Port Management has invested 0.02% in American Express Company (NYSE:AXP).

On 3/28/2016 American Express Company announced a quarterly dividend of $0.29 1.91% with an ex dividend date of 4/6/2016 which will be payable on 5/10/2016.

On 11/22/2016 American Express Company announced a quarterly dividend of $0.32 1.76% with an ex dividend date of 1/4/2017 which will be payable on 2/10/2017. American Express Company (NYSE:AXP) has risen 22.41% since October 3, 2016 and is uptrending.

American Express Company, launched on June 10, 1965, together with its subsidiaries, is a global services company.

Four notable dividend stocks increased their payouts over the last week, including a major credit card company, an industrial conglomerate, and a large aerospace and defense business. The Business's 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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