American Express Company (AXP) has its outstanding shares of 882.53 Million

Lloyd Doyle
October 17, 2017

Lvw Advisors Limited Company reported 0.11% of its portfolio in American Express Company (NYSE:AXP).

Other hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in American Express during the second quarter worth $284,000. They expect $1.47 earnings per share, up 18.55% or $0.23 from last year's $1.24 per share. American Express Co now has $82.09B valuation. Plante Moran Ltd Liability Company holds 0.03% or 657 shares. Pax World Management LLC bought a new stake in American Express in the 2nd quarter worth about $1,685,000. MV Capital Management Inc. increased its stake in American Express by 3.5% in the second quarter.

The company had seen its current volume reaching at 2.05 million shares in the last trade. OLD Dominion Capital Management Inc. boosted its stake in American Express by 2.2% during the second quarter. The change in volume gives a closer look at the stock with a percentage rate of 1.36%. Moreover, Seaward Management Partnership has 0.25% invested in American Express Company (NYSE:AXP) for 60,221 shares. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. It improved, as 55 investors sold AXP shares while 443 reduced holdings. As of the last earnings report the EPS was $4.88 and is projected to be $5.74 for the current year with 883,979,000 shares now outstanding.

Holowesko Partners Ltd, which manages about $4.09B and $1.48 billion US Long portfolio, decreased its stake in Astrazeneca Plc (NYSE:AZN) by 1.10 million shares to 2.12 million shares, valued at $72.20 million in 2017Q2, according to the filing. Following the sale, the chief executive officer now owns 889,836 shares in the company, valued at $75,297,922.32. The disclosure for this sale can be found here. Buckminster Douglas E. sold $237,720 worth of American Express Company (NYSE:AXP) on Friday, April 28.

The stock decreased 0.64% or $0.18 on October 13, reaching $28.12. Buckingham Research began coverage on shares of American Express in a research note on Monday, October 2nd. American Express Company has a 1-year low of $59.78 and a 1-year high of $92.92. The stock's 50 day moving average is $88.38 and its 200-day moving average is $83.11. The company has a market cap of $81.95 Billion. Therefore, ROE for American Express Company, AXP is 21.20%. After $1.47 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth. The firm had revenue of $8.31 billion for the quarter, compared to analyst estimates of $8.20 billion.

New York-based American Express charges merchants higher fees relative to the other credit card networks, and generates more revenue, according to the states' legal papers. During the same period a year ago, the company earned $2.10 earnings per share.


American Express Company (NYSE:AXP)'s EPS growth this year is 12.00% and the trailing 12-month EPS is $4.88.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.51%.

The justices will hear an appeal by 11 states led by OH that had sued American Express of a 2016 lower court ruling that endorsed the legality of the company's "anti-steering" provisions in contracts with merchants. American Express's dividend payout ratio (DPR) is 28.63%. About shares traded. American Express Company (NYSE:AXP) has risen 22.41% since October 16, 2016 and is uptrending. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

AXP has been the topic of a number of research analyst reports. The firm has "Hold" rating given on Monday, January 25 by Argus Research.

More notable recent American Express Company (NYSE:AXP) news were published by: Seekingalpha.com which released: "American Express: Adequate Progress" on September 21, 2017, also Reuters.com with their article: "American Express wins dismissal of lawsuit over lost Costco contract" published on October 02, 2017, Benzinga.com published: "What's In Your Wallet?" Instinet reiterated an "underperform" rating and issued a $80.00 price objective on shares of American Express in a report on Thursday, June 29th. Stephens raised shares of American Express from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $70.00 to $82.00 in a research note on Tuesday, June 20th.

Among 6 analysts covering United Community Banks Inc (NASDAQ:UCBI), 3 have Buy rating, 0 Sell and 3 Hold.

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