American Categorical (NYSE:AXP) up to date its FY 2023 earnings steerage on Friday. The corporate offered earnings per share steerage of $11.00-$11.40 for the interval, in comparison with the consensus earnings per share estimate of $10.52. The corporate issued income steerage of $60.79 billion-$61.85 billion, in comparison with the consensus income estimate of $58.78 billion. American Categorical additionally up to date its FY23 steerage to $11.0-11.40 EPS.
American Categorical Buying and selling Down 0.6 %
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Shares of AXP opened at $155.88 on Friday. American Categorical has a one 12 months low of $130.65 and a one 12 months excessive of $199.55. The inventory has a 50-day shifting common value of $151.70 and a 200 day shifting common value of $150.39. The corporate has a debt-to-equity ratio of 1.77, a fast ratio of 1.61 and a present ratio of 1.61. The corporate has a market capitalization of $116.48 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.25 and a beta of 1.14.
American Categorical Pronounces Dividend
The enterprise additionally just lately declared a quarterly dividend, which might be paid on Friday, February tenth. Traders of document on Friday, January sixth might be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, January fifth. This represents a $2.08 dividend on an annualized foundation and a dividend yield of 1.33%. American Categorical’s dividend payout ratio (DPR) is presently 20.90%.
Analyst Upgrades and Downgrades
A variety of equities analysis analysts have just lately issued experiences on the inventory. Morgan Stanley lower their goal value on shares of American Categorical from $154.00 to $148.00 and set an equal weight score on the inventory in a analysis observe on Thursday, December 1st. Wells Fargo & Firm boosted their value goal on American Categorical from $170.00 to $180.00 and gave the corporate an obese score in a report on Thursday, December fifteenth. StockNews.com assumed protection on American Categorical in a analysis observe on Wednesday, October twelfth. They set a maintain score on the inventory. Stephens lowered shares of American Categorical from an equal weight score to an underweight score and set a $134.00 goal value for the corporate. in a analysis observe on Thursday, January fifth. Lastly, Barclays lifted their value goal on shares of American Categorical from $145.00 to $158.00 in a report on Friday, January sixth. Two analysts have rated the inventory with a promote score, eleven have given a maintain score and 5 have assigned a purchase score to the corporate. Based on MarketBeat.com, the inventory presently has a median score of Maintain and a median value goal of $168.83.
Insider Transactions at American Categorical
In associated information, Vice Chairman Douglas E. Buckminster offered 16,354 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, December sixth. The inventory was offered at a median value of $154.23, for a complete transaction of $2,522,277.42. Following the sale, the insider now owns 99,024 shares of the corporate’s inventory, valued at $15,272,471.52. The sale was disclosed in a submitting with the SEC, which is offered by the SEC web site. In associated information, Director Walter Joseph Clayton III bought 1,000 shares of the corporate’s inventory in a transaction on Tuesday, November eighth. The shares have been purchased at a median value of $149.27 per share, with a complete worth of $149,270.00. Following the completion of the acquisition, the director now owns 1,000 shares of the corporate’s inventory, valued at $149,270. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible by this hyperlink. Additionally, Vice Chairman Douglas E. Buckminster offered 16,354 shares of the agency’s inventory in a transaction on Tuesday, December sixth. The inventory was offered at a median value of $154.23, for a complete worth of $2,522,277.42. Following the sale, the insider now immediately owns 99,024 shares of the corporate’s inventory, valued at $15,272,471.52. The disclosure for this sale might be discovered right here. Firm insiders personal 0.11% of the corporate’s inventory.
Hedge Funds Weigh In On American Categorical
Hedge funds and different institutional traders have just lately modified their holdings of the inventory. Arrowstreet Capital Restricted Partnership lifted its stake in American Categorical by 13.0% through the first quarter. Arrowstreet Capital Restricted Partnership now owns 3,105,699 shares of the fee companies firm’s inventory valued at $580,766,000 after shopping for an extra 357,590 shares within the final quarter. Charles Schwab Funding Administration Inc. boosted its stake in American Categorical by 0.7% within the 1st quarter. Charles Schwab Funding Administration Inc. now owns 3,104,484 shares of the fee companies firm’s inventory value $580,539,000 after buying an extra 21,137 shares through the interval. First Belief Advisors LP lifted its place in shares of American Categorical by 4.3% within the first quarter. First Belief Advisors LP now owns 1,135,910 shares of the fee companies firm’s inventory value $212,415,000 after buying an extra 46,778 shares within the final quarter. Nationwide Pension Service elevated its stake in American Categorical by 1.9% within the third quarter. Nationwide Pension Service now owns 940,258 shares of the fee companies firm’s inventory valued at $129,558,000 after shopping for an extra 17,165 shares through the interval. Lastly, Prudential Monetary Inc. grew its holdings in shares of American Categorical by 70.6% through the 1st quarter. Prudential Monetary Inc. now owns 935,475 shares of the fee companies firm’s inventory valued at $174,934,000 after buying an extra 387,115 shares within the final quarter. Institutional traders and hedge funds personal 83.30% of the corporate’s inventory.
American Categorical Firm Profile
American Categorical Co engages within the provision of cost and bank card merchandise and travel-related companies. It operates by the next segments: U.S Shopper Companies (USCS), Business Companies (CS), Worldwide Card Companies (ICS), World Service provider and Community Companies (GMNS), and Company and Different.
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This immediate information alert was generated by narrative science know-how and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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