Capital International Ltd. CA acquired a new position in shares of American Express Company (NYSE:AXP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,305 shares of the payment services company’s stock, valued at approximately $3,812,000.
Several other institutional investors have also recently made changes to their positions in AXP. Brighton Jones LLC raised its holdings in shares of American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after purchasing an additional 1,273 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after purchasing an additional 200 shares during the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of American Express during the second quarter worth $428,000. Howland Capital Management LLC raised its holdings in shares of American Express by 4.2% during the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock worth $707,000 after purchasing an additional 90 shares during the last quarter. Finally, HUB Investment Partners LLC raised its holdings in shares of American Express by 19.9% during the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock worth $924,000 after purchasing an additional 481 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.
American Express Trading Down 0.1%
AXP stock opened at $310.48 on Monday. The company’s 50-day simple moving average is $313.91 and its 200-day simple moving average is $336.89. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. American Express Company has a 52-week low of $286.15 and a 52-week high of $387.49. The firm has a market cap of $211.85 billion, a P/E ratio of 19.37, a PEG ratio of 1.26 and a beta of 1.06.
American Express Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio is 23.71%.
More American Express News
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express announced a quarterly dividend of $0.95 per share, reinforcing its shareholder-return profile. The dividend is payable on August 10 to holders of record on July 2. Article Title
- Positive Sentiment: A broader market rally boosted financial stocks, which can help sentiment around American Express as part of the sector. Article Title
- Neutral Sentiment: One article highlighted Navan’s AI-powered travel and expense platform as a challenger to entrenched providers including American Express, but this is more of a competitive backdrop than a direct near-term catalyst. Article Title
- Neutral Sentiment: Coverage also noted that American Express card spending is growing at its fastest pace in three years, which supports the long-term consumer-spending story, though investors remain focused on whether affluent demand can hold up. Article Title
- Negative Sentiment: Several market recaps emphasized that AXP has been trending lower recently, with shares down year to date and trading below key moving averages, suggesting ongoing valuation and momentum pressure. Article Title
Wall Street Analysts Forecast Growth
AXP has been the subject of several recent research reports. Bank of America raised their target price on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, April 24th. BTIG Research reissued a “sell” rating and set a $285.00 target price on shares of American Express in a report on Friday, April 24th. Evercore set a $345.00 target price on shares of American Express in a report on Wednesday, April 29th. Barclays reduced their target price on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Finally, Royal Bank Of Canada set a $415.00 target price on shares of American Express in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $359.05.
View Our Latest Stock Analysis on AXP
American Express Profile
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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