According to the most recent disclosure that West Oak Capital LLC provided to the Securities and Exchange Commission (SEC), the company’s holdings of American Express (NYSE: AXP) were reduced by 4.8% during the fourth quarter of 2018.
The company provided this information. (SEC).
The corporation finished the period with 14,237 shares of the company’s equity after selling 715 of the payment services company’s shares of equity earlier in the period.
The value of West Oak Capital LLC’s investment in American Express was determined to be $2,104,000 after the most recent reporting period.
This value was determined based on the amount of money that was invested.
Various individuals who are stock analysis experts have recently provided their perspectives on AXP shares. Credit Suisse Group previously gave American Express an “underperform” rating, but that has since been changed to a “neutral” rating in a research report made public on January 30th.
In addition, the price target they have set for the stock has increased from $132.00 to $150.00.
The price target that BMO Capital Markets has assigned to American Express has been increased from $167.00 to $197.00.
The firm’s rating has been upgraded from “market perform” to “outperform” in a research note issued on January 30th by BMO Capital Markets. Wells Fargo & Company upgraded its rating of American Express to “overweight” in a research report made public on Thursday, December 15th.
In addition, Wells Fargo & Company raised their price objective for the company from $170.00 to $180.00 for American Express.
Both of these changes were made. Stephens lowered their rating on American Express from “equal weight” to “underweight” in a research report published on Thursday, January 5th.
They set their price objective for the stock at $134.00. Keefe, Bruyette & Woods reaffirmed their “outperform” rating that they had previously assigned to American Express shares in a research report published on Friday, January 27th.
The report was made public by the investment firm. From the perspective of various financial analysts, the stock has received six recommendations to be purchased, three recommendations to be sold, and ten recommendations to be held.
According to the findings of research compiled by Bloomberg, the stock is currently recommended as “Hold,” and market analysts have determined that the stock should reach an average price objective of $175.44.
In addition, several significant investors have bought and sold company shares within the past few months.
During the second quarter, Legal & General Group Plc increased the amount of American Express stock owned by 2.4%, bringing the total amount of stock it owned to 1.6%. Following the acquisition of an additional 115,738 shares throughout the period above, Legal & General Group Plc now owns 4,928,905 shares of the stock held by the payment services company.
The company’s stock is currently valued at $683,249,000 based on the current market value of these shares.
During the third quarter of the current fiscal year, Benjamin F.
Edwards & Company, INC increased the percentage of American Express shares it owned by 4.9%.
Edwards & Company, INC now has 22,653 shares of the payment services company’s stock after making an additional purchase of 1,052 shares during the most recent quarter.
The stock is currently valued at $3,056,000.
During the third quarter of the current fiscal year, Gradient Investments LLC increased the percentage of American Express stock owned by 9.4 percent.
After purchasing an additional 2,839 shares during the most recent quarter, Gradient Investments LLC now holds 33,110 shares of the payment services company’s stock, which is $4,467,000.
This brings the total number of shares that the company owns to 33,110.
The value of Whittier Trust Company’s holdings in American Express increased by 3.6% over the third quarter due to the company’s successful investment efforts.
In the most recent fiscal quarter, Whittier Trust Company increased its holdings in the payment services company by purchasing an additional 2,606 shares.
This brings the total number of shares the company has acquired to 75,021, valued at $10,121,000.
And finally, during the company’s third quarter, Prelude Capital Management LLC increased its holdings in American Express by 165.3% by purchasing additional shares of the company’s stock.
Prelude Capital Management LLC now has 5,711 shares of the payment services company’s stock, which have a market value of $770,000.
This is a result of the purchase of an additional 3,558 shares during the most recent fiscal quarter.
The company’s stock is held in collective ownership by hedge funds and other types of institutional investors to the tune of 83.30 percent.
NYSE: AXP began trading for $158.80 on Thursday when the market opened.
At the moment, the share price of the company is trading at $167.63, which is higher than its 50-day and 200-day simple moving averages of $155.24 each.
The price-to-earnings ratio for American Express is 16.24; the price-to-growth ratio for American Express is 0.97, and the company’s beta value is 1.20.
American Express’ market capitalization is $118.18 billion.
In terms of its PEG ratio, American Express comes in at 0.97.
During that period, the stock price had a high of $194.35 after a year of trading and a low of $130.65 after a year of trading.
The debt-to-equity ratio comes in at 1.72, while the quick and current ratios come in at 1.62.
The debt-to-equity ratio is the most important.
American Express (NYSE: AXP) announced the publication of its quarterly earnings report on Friday, January 27th.
The payment services provider reported earnings per share (EPS) of $2.07 for the quarter, below the projections made by market analysts, which were $2.18, by a difference of $0.11.
American Express had a return on equity of 31.76% and a net margin of 14.16%. However, despite analysts’ predictions that the company would bring in $14.25 billion in revenue for the quarter, the company could only bring in $14.18 billion in revenue for the period in question.
The company’s earnings per share for the quarter were $2.18, comparable to the same quarter’s results in the prior year.
The company’s quarterly revenue increased by 16.7% when measured against the results achieved during the same quarter in the preceding year.
Many experts in the field of research predicted that American Express would bring in a profit of 11.24 cents for each share during the current financial year.
In addition, the business has disclosed that it will be disbursing a quarterly dividend to its shareholders on May 10th, as previously announced.
A dividend of $0.60 per share will be paid to shareholders of record on April 7th.
The dividend payment is due on Wednesday, April 5th, and is scheduled for May 10th.
The payment of the dividend is due.
A dividend of $0.60 per share will be paid to shareholders of record on April 7th. On Wednesday, April 5th, you are required to make the payment for the dividend. When figured out annually, this translates to a dividend payout of $1.51 per quarter and $2.40 total per year.
This represents an increase from the previous quarterly dividend amount of $0.52 that American Express paid out because that amount has already been distributed.
The payout ratio that American Express currently possesses is 21.14 percent.
The board of directors of American Express gave their approval to a share repurchase plan on March 8th.
This plan will enable the company to repurchase a total of 120,000,000 shares, bringing the total number of shares repurchased to a total of 120,000,000.
The company that provides services for processing payments has been given the go-ahead to repurchase shares of its stock on public markets.
These markets are open to the general public.
The board of directors of a corporation considering stock repurchase plans may conclude that the price at which the corporation’s shares are being sold is acceptable.