Stokes Capital Advisors LLC Has $2.62 Million Stake in American Express (AXP)

Stokes Capital Advisors LLC grew its stake in American Express (NYSE:AXP) by 4.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,923 shares of the payment services company’s stock after purchasing an additional 980 shares during the period. American Express makes up about 1.6% of Stokes Capital Advisors LLC’s portfolio, making the stock its 29th biggest position. Stokes Capital Advisors LLC’s holdings in American Express were worth $2,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Enterprise Financial Services Corp increased its position in shares of American Express by 24.8% in the 1st quarter. Enterprise Financial Services Corp now owns 473 shares of the payment services company’s stock worth $51,000 after purchasing an additional 94 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of American Express by 2.3% in the 4th quarter. Wesbanco Bank Inc. now owns 4,458 shares of the payment services company’s stock worth $425,000 after purchasing an additional 100 shares during the last quarter. Bremer Trust National Association increased its position in shares of American Express by 2.6% in the 4th quarter. Bremer Trust National Association now owns 3,991 shares of the payment services company’s stock worth $380,000 after purchasing an additional 100 shares during the last quarter. Rockland Trust Co. increased its position in shares of American Express by 1.6% in the 1st quarter. Rockland Trust Co. now owns 6,169 shares of the payment services company’s stock worth $674,000 after purchasing an additional 100 shares during the last quarter. Finally, Acropolis Investment Management LLC increased its position in shares of American Express by 1.0% in the 1st quarter. Acropolis Investment Management LLC now owns 10,601 shares of the payment services company’s stock worth $1,159,000 after purchasing an additional 100 shares during the last quarter. 85.91% of the stock is owned by institutional investors and hedge funds.

Shares of AXP stock traded down $0.43 during trading hours on Friday, reaching $119.41. 87,782 shares of the stock traded hands, compared to its average volume of 3,185,989. The firm has a market capitalization of $98.26 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.36 and a beta of 1.13. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.88 and a quick ratio of 1.88. American Express has a 1-year low of $89.05 and a 1-year high of $120.35.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 18th. The payment services company reported $2.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.01. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.46 billion. American Express had a net margin of 16.60% and a return on equity of 29.86%. American Express’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.86 EPS. Sell-side analysts predict that American Express will post 8.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Wednesday, July 3rd. American Express’s dividend payout ratio is 21.28%.

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 target price on shares of American Express in a research report on Friday, May 3rd. Morgan Stanley raised shares of American Express from an “equal weight” rating to an “overweight” rating and set a $140.00 target price for the company in a research report on Friday, May 3rd. UBS Group downgraded shares of American Express from a “buy” rating to a “neutral” rating and set a $117.60 target price for the company. in a research report on Monday, April 29th. Oppenheimer set a $119.00 target price on shares of American Express and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, DZ Bank downgraded shares of American Express from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $116.63.

In related news, insider Michael John O’neill sold 15,749 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $113.94, for a total transaction of $1,794,441.06. Following the completion of the sale, the insider now owns 69,941 shares in the company, valued at approximately $7,969,077.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

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American Express Company Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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