Handelsbanken Fonder AB boosted its place in shares of American Categorical (NYSE:AXP) by 2.7% within the third quarter, based on its most up-to-date submitting with the Securities & Alternate Fee. The fund owned 216,303 shares of the cost providers firm’s inventory after buying an extra 5,719 shares in the course of the interval. Handelsbanken Fonder AB’s holdings in American Categorical had been price $58,661,000 on the finish of the newest quarter.
Quite a few different institutional buyers and hedge funds have additionally lately added to or decreased their stakes in AXP. J. W. Coons Advisors LLC raised its place in American Categorical by 4.4% within the 4th quarter. J. W. Coons Advisors LLC now owns 4,142 shares of the cost providers firm’s inventory valued at $776,000 after buying an extra 175 shares over the past quarter. Exencial Wealth Advisors LLC acquired a brand new place in American Categorical in the course of the 4th quarter price about $366,000. Envestnet Asset Administration Inc. grew its holdings in American Categorical by 4.8% in the course of the 4th quarter. Envestnet Asset Administration Inc. now owns 698,087 shares of the cost providers firm’s inventory price $130,780,000 after buying an extra 32,060 shares over the past quarter. Vinva Funding Administration Ltd elevated its place in American Categorical by 10.3% within the 4th quarter. Vinva Funding Administration Ltd now owns 9,963 shares of the cost providers firm’s inventory valued at $1,871,000 after buying an extra 927 shares within the final quarter. Lastly, AdvisorShares Investments LLC purchased a brand new place in shares of American Categorical within the fourth quarter price about $481,000. 84.33% of the inventory is presently owned by institutional buyers and hedge funds.
American Categorical Inventory Up 3.0 %
AXP traded up $8.06 throughout buying and selling on Friday, reaching $275.97. The corporate had a buying and selling quantity of two,240,183 shares, in comparison with its common quantity of two,927,488. The enterprise’s fifty day shifting common worth is $253.91 and its 200 day shifting common worth is $240.48. 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 $276.79. The corporate has a market cap of $198.51 billion, a P/E ratio of twenty-two.73, a PEG ratio of 1.48 and a beta of 1.21.
American Categorical (NYSE:AXP – Get Free Report) final introduced its earnings outcomes on Friday, July nineteenth. The cost providers firm reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.23. American Categorical had a internet margin of 15.53% and a return on fairness of 32.94%. The agency had income of $16.33 billion in the course of the quarter, in comparison with analyst estimates of $16.60 billion. Throughout the identical interval within the prior yr, the enterprise earned $2.89 EPS. The corporate’s income for the quarter was up 9.2% in comparison with the identical quarter final yr. Equities analysts anticipate that American Categorical will publish 13.13 EPS for the present yr.
American Categorical Dividend Announcement
The corporate additionally lately declared a quarterly dividend, which will probably be paid on Friday, November eighth. Shareholders of file on Friday, October 4th will probably be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized foundation and a yield of 1.01%. The ex-dividend date is Friday, October 4th. American Categorical’s dividend payout ratio (DPR) is presently 23.06%.
Wall Road Analysts Forecast Development
A number of analysis corporations have lately commented on AXP. Royal Financial institution of Canada elevated their worth goal on shares of American Categorical from $265.00 to $267.00 and gave the corporate an “outperform” score in a analysis notice on Monday, July twenty second. Financial institution of America upped their worth goal on American Categorical from $263.00 to $265.00 and gave the corporate a “impartial” score in a analysis notice on Tuesday, September seventeenth. Barclays lifted their worth goal on American Categorical from $221.00 to $223.00 and gave the inventory an “equal weight” score in a analysis report on Tuesday, July ninth. Citigroup began protection on American Categorical in a report on Monday, June tenth. They set a “impartial” score and a $250.00 worth goal for the corporate. Lastly, Wells Fargo & Firm raised their goal worth on shares of American Categorical from $285.00 to $300.00 and gave the corporate an “chubby” score in a analysis notice on Monday, September thirtieth. Three analysts have rated the inventory with a promote score, 13 have given a maintain score and eleven have issued a purchase score to the inventory. In response to knowledge from MarketBeat, American Categorical presently has a mean score of “Maintain” and a consensus goal worth of $231.43.
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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 by means of 4 segments: U.S. Client Companies, Business Companies, Worldwide Card Companies, and World Service provider and Community Companies.
See Additionally
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