Cambient Family Office LLC acquired a new position in American Express Company (NYSE:AXP) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,083 shares of the payment services company’s stock, valued at approximately $1,880,000.
Several other large investors have also modified their holdings of AXP. Evolution Wealth Management Inc. raised its holdings in American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares during the period. Joseph Group Capital Management acquired a new position in American Express during the 4th quarter worth $26,000. Sfam LLC bought a new stake in American Express during the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express in the fourth quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of American Express in the third quarter valued at about $28,000. 84.33% of the stock is owned by institutional investors.
American Express Stock Performance
AXP opened at $338.86 on Friday. The stock’s 50 day simple moving average is $318.70 and its 200-day simple moving average is $335.13. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The stock has a market cap of $231.22 billion, a PE ratio of 21.14, a P/E/G ratio of 1.40 and a beta of 1.06. American Express Company has a 1 year low of $288.34 and a 1 year high of $387.49.
American Express Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s dividend payout ratio (DPR) is currently 23.71%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on AXP shares. Truist Financial decreased their target price on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Bank of America increased their price objective on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Loop Capital initiated coverage on shares of American Express in a research report on Thursday, May 21st. They set a “buy” rating and a $389.00 target price on the stock. Royal Bank Of Canada set a $415.00 target price on shares of American Express in a research note on Friday, April 10th. Finally, Evercore set a $345.00 price target on shares of American Express in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $360.80.
Key Headlines Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: DZ Bank upgraded American Express from hold to buy and set a $375 price target, implying meaningful upside from recent levels. Finviz
- Positive Sentiment: One market note says AXP is breaking out through technical resistance, which can attract momentum traders and support the stock. American Express Stock Is Powering the Financial Sector to a Fresh Breakout
- Positive Sentiment: Recent coverage also highlights American Express as an attractive long-term investment and suggests the company still has room to benefit from continued demand in digital payments and premium spending. What Makes American Express Company (AXP) an Attractive Bet?
- Neutral Sentiment: Several articles compare AXP with peers like Mastercard and ask whether the stock still has upside after a strong multi-year run, reflecting ongoing debate over valuation rather than a clear new catalyst. American Express (AXP) Stock After 5-Year 118% Gain Is There Still Upside Potential
- Neutral Sentiment: Analyst roundups show mixed sentiment on AXP, which may limit conviction even as the stock trades near recent highs. Analysts Conflicted on These Financial Names: Suncorp Group (OtherSNMYF), Westpac Banking (OtherWEBNF) and American Express (AXP)
- Negative Sentiment: Some commentary suggests Mastercard may offer more upside than American Express, which could weigh on AXP by comparison as investors rotate toward faster-growing payments names. Mastercard vs. American Express: Which Stock Has More Upside Now?
About American Express
American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.
American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co?brand partnerships with airlines, hotels and retailers.
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