Lake Road Personal Wealth LLC diminished its place in American Categorical (NYSE:AXP) by 72.2% within the third quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The agency owned 1,821 shares of the fee companies firm’s inventory after promoting 4,732 shares through the interval. Lake Road Personal Wealth LLC’s holdings in American Categorical have been price $494,000 as of its most up-to-date submitting with the Securities and Trade Fee (SEC).
Different hedge funds have additionally not too long ago added to or diminished their stakes within the firm. DHJJ Monetary Advisors Ltd. elevated its place in shares of American Categorical by 42.2% within the second quarter. DHJJ Monetary Advisors Ltd. now owns 165 shares of the fee companies firm’s inventory valued at $38,000 after shopping for a further 49 shares within the final quarter. BNP Paribas acquired a brand new stake in American Categorical within the 1st quarter valued at $40,000. POM Funding Methods LLC bought a brand new stake in American Categorical within the 2nd quarter price $42,000. Founders Capital Administration acquired a brand new place in American Categorical through the second quarter price $46,000. Lastly, Beacon Capital Administration LLC lifted its holdings in American Categorical by 162.1% through the first quarter. Beacon Capital Administration LLC now owns 228 shares of the fee companies firm’s inventory valued at $52,000 after buying a further 141 shares within the final quarter. 84.33% of the inventory is owned by hedge funds and different institutional buyers.
Analysts Set New Worth Targets
AXP has been the topic of a number of analysis analyst studies. JPMorgan Chase & Co. downgraded shares of American Categorical from an “obese” ranking to a “impartial” ranking and upped their worth goal for the inventory from $268.00 to $286.00 in a analysis report on Monday, October seventh. Monness Crespi & Hardt elevated their goal worth on American Categorical from $265.00 to $300.00 and gave the corporate a “purchase” ranking in a report on Monday, October 14th. The Goldman Sachs Group lifted their worth goal on American Categorical from $270.00 to $300.00 and gave the inventory a “purchase” ranking in a analysis word on Monday, October seventh. Morgan Stanley elevated their worth goal on American Categorical from $248.00 to $252.00 and gave the corporate an “equal weight” ranking in a analysis word on Monday. Lastly, Barclays lifted their goal worth on shares of American Categorical from $250.00 to $257.00 and gave the inventory an “equal weight” ranking in a analysis word on Monday. 4 analysis analysts have rated the inventory with a promote ranking, fifteen have assigned a maintain ranking and 9 have issued a purchase ranking to the corporate. Based mostly on information from MarketBeat, American Categorical presently has a median ranking of “Maintain” and a median worth goal of $244.58.
Verify Out Our Newest Analysis Report on American Categorical
American Categorical Inventory Efficiency
Shares of American Categorical inventory opened at $271.22 on Thursday. The corporate has a debt-to-equity ratio of 1.74, a present ratio of 1.66 and a fast ratio of 1.66. The inventory has a market capitalization of $195.09 billion, a price-to-earnings ratio of twenty-two.34, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. The enterprise has a 50-day transferring common of $263.16 and a 200 day transferring common of $244.92. American Categorical has a 12 month low of $141.02 and a 12 month excessive of $286.36.
American Categorical (NYSE:AXP – Get Free Report) final launched its earnings outcomes on Friday, October 18th. The fee companies firm reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. American Categorical had a return on fairness of 32.94% and a internet margin of 15.53%. The agency had income of $16.64 billion through the quarter, in comparison with analyst estimates of $16.68 billion. Throughout the identical interval final yr, the enterprise posted $3.30 earnings per share. American Categorical’s income was up 8.2% in comparison with the identical quarter final yr. As a bunch, sell-side analysts forecast that American Categorical will publish 13.14 earnings per share for the present yr.
American Categorical Dividend Announcement
The corporate additionally not too long ago disclosed a quarterly dividend, which will probably be paid on Friday, November eighth. Stockholders of report on Friday, October 4th will probably be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, October 4th. American Categorical’s payout ratio is presently 23.06%.
About American Categorical
American Categorical Firm, along with its subsidiaries, operates as built-in funds firm in the US, 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. Client Companies, Business Companies, Worldwide Card Companies, and World Service provider and Community Companies.
Additional Studying
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