United Asset Methods Inc. minimize its holdings in American Categorical (NYSE:AXP) by 12.4% in the course of the second quarter, in accordance with the corporate in its most up-to-date Kind 13F submitting with the Securities and Alternate Fee (SEC). The institutional investor owned 4,585 shares of the fee companies firm’s inventory after promoting 649 shares in the course of the quarter. United Asset Methods Inc.’s holdings in American Categorical had been price $1,062,000 as of its most up-to-date SEC submitting.
A variety of different institutional buyers have additionally just lately modified their holdings of the enterprise. Monetary Counselors Inc. boosted its stake in shares of American Categorical by 15.7% within the second quarter. Monetary Counselors Inc. now owns 6,129 shares of the fee companies firm’s inventory valued at $1,419,000 after shopping for an extra 832 shares within the final quarter. Household Asset Administration LLC boosted its stake in shares of American Categorical by 9.1% within the second quarter. Household Asset Administration LLC now owns 1,057 shares of the fee companies firm’s inventory valued at $245,000 after shopping for an extra 88 shares within the final quarter. Recreation Plan Monetary Advisors LLC boosted its stake in shares of American Categorical by 6,002.3% within the second quarter. Recreation Plan Monetary Advisors LLC now owns 7,933 shares of the fee companies firm’s inventory valued at $1,837,000 after shopping for an extra 7,803 shares within the final quarter. D.A. Davidson & CO. boosted its stake in shares of American Categorical by 4.0% within the second quarter. D.A. Davidson & CO. now owns 35,002 shares of the fee companies firm’s inventory valued at $8,105,000 after shopping for an extra 1,350 shares within the final quarter. Lastly, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its place in American Categorical by 210.3% in the course of the second quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 7,915 shares of the fee companies firm’s inventory price $1,833,000 after buying an extra 5,364 shares within the final quarter. 84.33% of the inventory is at present owned by hedge funds and different institutional buyers.
Analysts Set New Value Targets
A number of analysts have weighed in on the corporate. Wells Fargo & Firm upped their goal worth on American Categorical from $275.00 to $285.00 and gave the corporate an “chubby” ranking in a report on Tuesday, July ninth. Royal Financial institution of Canada upped their goal worth on American Categorical from $265.00 to $267.00 and gave the corporate an “outperform” ranking in a report on Monday, July twenty second. Financial institution of America lowered American Categorical from a “purchase” ranking to a “impartial” ranking and set a $263.00 goal worth on the inventory. in a report on Wednesday, August twenty first. JPMorgan Chase & Co. upped their goal worth on American Categorical from $240.00 to $268.00 and gave the corporate an “chubby” ranking in a report on Monday, July eighth. Lastly, Barclays upped their goal worth on American Categorical from $221.00 to $223.00 and gave the corporate an “equal weight” ranking in a report on Tuesday, July ninth. Three analysts have rated the inventory with a promote ranking, 13 have assigned a maintain ranking and eleven have issued a purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat.com, the corporate at present has a consensus ranking of “Maintain” and a mean goal worth of $230.70.
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American Categorical Inventory Efficiency
American Categorical inventory opened at $258.65 on Tuesday. The corporate has a market cap of $183.88 billion, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The corporate has a debt-to-equity ratio of 1.74, a present ratio of 1.66 and a fast ratio of 1.66. American Categorical has a 12 month low of $140.91 and a 12 month excessive of $261.75. The inventory’s 50-day transferring common is $242.96 and its 200-day transferring common is $233.23.
American Categorical (NYSE:AXP – Get Free Report) final introduced its earnings outcomes on Friday, July nineteenth. The fee companies firm reported $3.49 EPS for the quarter, beating 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 the consensus estimate of $16.60 billion. Throughout the identical interval final yr, the enterprise posted $2.89 EPS. The corporate’s income was up 9.2% on a year-over-year foundation. Equities analysts anticipate that American Categorical will publish 13.12 earnings per share for the present yr.
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 by 4 segments: U.S. Client Companies, Industrial Companies, Worldwide Card Companies, and World Service provider and Community Companies.
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