Legacy Capital Wealth Companions LLC decreased its holdings in American Categorical (NYSE:AXP) by 7.5% within the second quarter, in keeping with its most up-to-date submitting with the Securities and Trade Fee (SEC). The institutional investor owned 1,167 shares of the cost providers firm’s inventory after promoting 95 shares in the course of the quarter. Legacy Capital Wealth Companions LLC’s holdings in American Categorical have been value $270,000 as of its most up-to-date SEC submitting.
A number of different institutional buyers and hedge funds have additionally not too long ago added to or lowered their stakes in AXP. Scarborough Advisors LLC acquired a brand new stake in American Categorical within the fourth quarter value about $25,000. Sachetta LLC acquired a brand new stake in American Categorical within the 4th quarter value roughly $29,000. Vermillion & White Wealth Administration Group LLC bought a brand new stake in American Categorical in the course of the 4th quarter value roughly $29,000. Sport Plan Monetary Advisors LLC elevated its stake in American Categorical by 62.5% in the course of the 1st quarter. Sport Plan Monetary Advisors LLC now owns 130 shares of the cost providers firm’s inventory valued at $30,000 after buying an extra 50 shares within the final quarter. Lastly, Creekmur Asset Administration LLC bought a brand new place in shares of American Categorical within the fourth quarter value $32,000. 84.33% of the inventory is presently owned by hedge funds and different institutional buyers.
American Categorical Inventory Efficiency
Shares of American Categorical inventory opened at $251.74 on Thursday. The enterprise’s 50 day shifting common worth is $243.86 and its 200 day shifting common worth is $233.65. The corporate has a market cap of $178.96 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.45 and a beta of 1.21. The corporate has a debt-to-equity ratio of 1.74, a fast ratio of 1.66 and a present ratio of 1.66. American Categorical has a one yr low of $140.91 and a one yr excessive of $261.75.
American Categorical (NYSE:AXP – Get Free Report) final posted its quarterly earnings outcomes on Friday, July nineteenth. The cost providers firm reported $3.49 EPS for the quarter, topping the consensus estimate of $3.26 by $0.23. American Categorical had a return on fairness of 32.94% and a web margin of 15.53%. The enterprise had income of $16.33 billion for the quarter, in comparison with analyst estimates of $16.60 billion. Throughout the identical quarter within the earlier yr, the agency earned $2.89 EPS. The corporate’s quarterly income was up 9.2% in comparison with the identical quarter final yr. On common, analysis analysts predict that American Categorical will submit 13.12 EPS for the present yr.
Wall Road Analyst Weigh In
A number of equities analysts not too long ago issued studies on the corporate. Monness Crespi & Hardt upped their goal worth on American Categorical from $260.00 to $265.00 and gave the corporate a “purchase” score in a analysis report on Monday, July twenty second. William Blair reiterated an “outperform” score on shares of American Categorical in a analysis observe on Monday, June third. Barclays lifted their worth goal on shares of American Categorical from $221.00 to $223.00 and gave the corporate an “equal weight” score in a report on Tuesday, July ninth. Keefe, Bruyette & Woods upped their worth goal on American Categorical from $265.00 to $280.00 and gave the inventory an “outperform” score in a report on Monday, July eighth. Lastly, Financial institution of America lowered American Categorical from a “purchase” score to a “impartial” score and set a $263.00 worth goal on the inventory. in a report on Wednesday, August twenty first. Three analysts have rated the inventory with a promote score, 13 have assigned a maintain score and eleven have issued a purchase score to the corporate. In line with MarketBeat.com, the inventory has a median score of “Maintain” and a consensus goal worth of $230.70.
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About American Categorical
American Categorical Firm, along with its subsidiaries, operates as built-in funds firm in the USA, Europe, the Center East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates via 4 segments: U.S. Shopper Companies, Business Companies, Worldwide Card Companies, and International Service provider and Community Companies.
See Additionally
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