Salomon & Ludwin LLC decreased its holdings in shares of American Categorical (NYSE:AXP) by 18.2% within the third quarter, in accordance with the corporate in its most up-to-date disclosure with the Securities and Alternate Fee. The institutional investor owned 351 shares of the cost companies firm’s inventory after promoting 78 shares through the quarter. Salomon & Ludwin LLC’s holdings in American Categorical had been value $95,000 on the finish of the latest quarter.
A number of different institutional buyers have additionally just lately purchased and offered shares of AXP. DHJJ Monetary Advisors Ltd. grew its place in American Categorical by 42.2% through the 2nd quarter. DHJJ Monetary Advisors Ltd. now owns 165 shares of the cost companies firm’s inventory value $38,000 after buying a further 49 shares over the past quarter. BNP Paribas purchased a brand new stake in shares of American Categorical through the first quarter value about $40,000. POM Funding Methods LLC acquired a brand new place in shares of American Categorical within the second quarter valued at roughly $42,000. Founders Capital Administration purchased a brand new place in American Categorical within the 2nd quarter valued at roughly $46,000. Lastly, Mowery & Schoenfeld Wealth Administration LLC acquired a brand new stake in American Categorical through the third quarter value roughly $46,000. Institutional buyers and hedge funds personal 84.33% of the corporate’s inventory.
American Categorical Inventory Efficiency
AXP opened at $271.60 on Tuesday. The corporate has a market cap of $195.36 billion, a price-to-earnings ratio of twenty-two.37, a PEG ratio of 1.50 and a beta of 1.21. The corporate’s fifty day shifting common value is $264.23 and its two-hundred day shifting common value is $246.14. American Categorical has a 1-year low of $141.73 and a 1-year excessive of $286.36. The corporate has a present ratio of 1.66, a fast ratio of 1.66 and a debt-to-equity ratio of 1.74.
American Categorical (NYSE:AXP – Get Free Report) final introduced its quarterly earnings outcomes on Friday, October 18th. The cost companies firm reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.22. The enterprise had income of $16.64 billion for the quarter, in comparison with analysts’ expectations of $16.68 billion. American Categorical had a web margin of 15.53% and a return on fairness of 32.94%. The agency’s income for the quarter was up 8.2% in comparison with the identical quarter final yr. Throughout the identical quarter final yr, the agency earned $3.30 EPS. On common, analysts count on that American Categorical will put up 13.14 EPS for the present fiscal yr.
American Categorical Dividend Announcement
The enterprise additionally just lately declared a quarterly dividend, which might be paid on Friday, November eighth. Traders of document on Friday, October 4th might be given a $0.70 dividend. This represents a $2.80 dividend on an annualized foundation and a yield of 1.03%. The ex-dividend date is Friday, October 4th. American Categorical’s payout ratio is at the moment 23.06%.
Analysts Set New Worth Targets
AXP has been the topic of a number of analyst studies. Morgan Stanley raised their value goal on shares of American Categorical from $248.00 to $252.00 and gave the corporate an “equal weight” ranking in a analysis be aware on Monday, October twenty first. Wells Fargo & Firm lifted their goal value on American Categorical from $285.00 to $300.00 and gave the inventory an “obese” ranking in a report on Monday, September thirtieth. Compass Level started protection on American Categorical in a analysis report on Tuesday, July sixteenth. They set a “impartial” ranking and a $260.00 value goal for the corporate. Hsbc International Res lowered American Categorical from a “strong-buy” ranking to a “maintain” ranking in a analysis be aware on Tuesday, October eighth. Lastly, JPMorgan Chase & Co. lowered shares of American Categorical from an “obese” ranking to a “impartial” ranking and raised their value goal for the inventory from $268.00 to $286.00 in a report on Monday, October seventh. 4 analysis analysts have rated the inventory with a promote ranking, 13 have given a maintain ranking and 9 have issued a purchase ranking to the corporate. In accordance with knowledge from MarketBeat.com, the corporate at the moment has a consensus ranking of “Maintain” and a consensus goal value of $253.09.
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Insider Shopping for and Promoting at American Categorical
In different information, insider Anre D. Williams offered 77,887 shares of the corporate’s inventory in a transaction on Tuesday, October twenty second. The shares had been offered at a mean value of $270.26, for a complete worth of $21,049,740.62. Following the completion of the sale, the insider now owns 111,656 shares within the firm, valued at $30,176,150.56. This represents a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the SEC, which is on the market via this hyperlink. Firm insiders personal 0.12% of the corporate’s inventory.
American Categorical Profile
American Categorical Firm, along with its subsidiaries, operates as built-in funds firm in america, 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 Providers, Industrial Providers, Worldwide Card Providers, and International Service provider and Community Providers.
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