The fund owned 2,861 shares of the payment services company's stock at the end of the first quarter.
American Express Company, together with its subsidiaries, is a global services company.
A number of large investors have recently modified their holdings of the company. First Citizens Bank & Trust Co. boosted its stake in American Express Company by 0.3% in the third quarter. Inc. raised its stake in shares of American Express Company by 2.1% in the first quarter. 4441564 shares were traded on American Express Company's last session. The rating was maintained by Goldman Sachs on Tuesday, June 7 with "Neutral". BlackRock Inc. now owns 44,177,867 shares of the payment services company's stock worth $3,494,913,000 after buying an additional 42,592,136 shares during the last quarter. Lincoln Cap invested 0.57% of its portfolio in American Express Company (NYSE:AXP). Following the completion of the sale, the insider now directly owns 103,676 shares of the company's stock, valued at approximately $8,374,947.28. The payment services company reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.06. Wagner Bowman Management Corp now owns 7,775 shares of the payment services company's stock worth $615,000 after buying an additional 22 shares during the period. American Express Company (NYSE:AXP) has risen 25.10% since October 6, 2016 and is uptrending. Beutel Goodman & Co Ltd acquired 70,730 shares as American Express Co (AXP)'s stock 0.00%. The stock was sold at an average price of $80.78, for a total transaction of $3,792,621.00. SRS Capital Advisors Inc. raised its stake in American Express Company by 10.3% in the first quarter. The Lower end of the earnings estimate is $1.34, while the higher end of the earnings estimate is $1.61. Cypress Capital Mngmt Ltd Liability Co (Wy) stated it has 0% in American Express Company (NYSE:AXP). The firm owned 379,710 shares of the payment services company's stock after selling 3,843 shares during the period. The firm's quarterly revenue was down 4.4% compared to the same quarter past year.
COPYRIGHT VIOLATION NOTICE: "American Express Company (AXP) Upgraded by Guggenheim to Buy" was originally reported by BBNS and is owned by of BBNS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Friday, July 7th will be issued a $0.32 dividend. The stock's quarterly performance represents pessimistic momentum of -1.26 percent. The ex-dividend date of this dividend is Wednesday, April 5th. American Express Company's payout ratio is now 22.74%. In our current pick, American Express Company (AXP) has weekly volatility of 1.06%% while its monthly volatility value is at 1.21%%. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of U.S. and worldwide trademark and copyright laws. More interesting news about American Express Company (NYSE:AXP) were released by: Marketwatch.com and their article: "American Express shares higher on company's EPS, sales beat" published on April 19, 2017 as well as Seekingalpha.com's news article titled: "American Express Sends A Wake-Up Call To Bears" with publication date: April 21, 2017.
Several research analysts recently issued reports on the stock. Oppenheimer Holdings Inc. set a $97.00 price target on shares of American Express Company and gave the company a "buy" rating in a report on Saturday, January 21st. 5,180 American Express Company (NYSE:AXP) shares with value of $385,967 were sold by Zukauckas Linda.
American Express Company (AXP) belongs to the "Financial" sector with an industry focus on "Credit Services", with Mr. Kenneth I. Chenault as Chairman, Chief Exec. Officer, Chairman of American Express Travel Related Services Company Inc and Chief Exec. Officer of American Express Travel Related Services Company Inc. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the stock. S&P Research has "Hold" rating and $80 target.
01/20/2017 - American Express Company had its "market perform" rating reiterated by analysts at JMP Securities. Brennan John Joseph bought $318,940 worth of American Express Company (NYSE:AXP) on Wednesday, February 22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas E. Buckminster sold 3,000 shares of the business's stock in a transaction that occurred on Friday, April 28th. The disclosure for this purchase can be found here. Investors may also monitor a company's PEG or price to earnings growth ratio.