Eagle Capital Management LLC Has $2.08 Million Stake in American Express Company $AXP

Eagle Capital Management LLC trimmed its stake in shares of American Express Company (NYSE:AXP) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,518 shares of the payment services company’s stock after selling 34 shares during the period. American Express makes up about 0.9% of Eagle Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. Eagle Capital Management LLC’s holdings in American Express were worth $2,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Capital Asset Advisory Services LLC lifted its stake in shares of American Express by 2.8% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock worth $384,000 after buying an additional 32 shares during the last quarter. DLK Investment Management LLC lifted its stake in shares of American Express by 3.8% during the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock worth $277,000 after buying an additional 32 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its stake in shares of American Express by 4.7% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock worth $208,000 after buying an additional 35 shares during the last quarter. Modern Wealth Management LLC lifted its stake in shares of American Express by 0.7% during the 1st quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock worth $1,324,000 after buying an additional 35 shares during the last quarter. Finally, Greenfield Savings Bank lifted its stake in shares of American Express by 0.3% during the 2nd quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock worth $4,184,000 after buying an additional 35 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Down 2.9%

American Express stock opened at $332.26 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 1.80. American Express Company has a 12-month low of $220.43 and a 12-month high of $349.19. The firm’s fifty day moving average is $318.79 and its 200 day moving average is $297.10. The company has a market capitalization of $231.21 billion, a PE ratio of 23.32, a PEG ratio of 1.81 and a beta of 1.28.

American Express (NYSE:AXP) last released its earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.86 by $0.22. American Express had a net margin of 14.78% and a return on equity of 32.87%. The company had revenue of $17.86 billion for the quarter, compared to the consensus estimate of $17.70 billion. During the same quarter in the previous year, the company earned $3.49 EPS. American Express’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, October 10th. American Express’s payout ratio is presently 23.02%.

Insider Activity

In other American Express news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the transaction, the insider owned 123,613 shares in the company, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Laureen Seeger sold 61,721 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $297.47, for a total transaction of $18,360,145.87. Following the transaction, the insider owned 9,001 shares in the company, valued at approximately $2,677,527.47. The trade was a 87.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup reiterated a “neutral” rating and issued a $327.00 price objective (up previously from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. Wells Fargo & Company lifted their price objective on shares of American Express from $350.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Keefe, Bruyette & Woods lifted their price objective on shares of American Express from $360.00 to $371.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. Morgan Stanley lifted their price objective on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Eight research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $318.80.

American Express Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.