Triad Investment Management bought a new stake in shares of American Express Company (NYSE:AXP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,138 shares of the payment services company’s stock, valued at approximately $3,011,000. American Express makes up approximately 3.0% of Triad Investment Management’s holdings, making the stock its 14th biggest holding.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of American Express by 13.0% in the 2nd 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 period. Schnieders Capital Management LLC. purchased a new position in shares of American Express in the 2nd quarter worth approximately $428,000. Howland Capital Management LLC increased its position in shares of American Express by 4.2% during the 2nd quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock valued at $707,000 after purchasing an additional 90 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in American Express during the 2nd quarter valued at $198,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.
American Express Stock Performance
Shares of American Express stock opened at $301.84 on Thursday. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. The stock’s fifty day moving average is $326.11 and its two-hundred day moving average is $346.33. American Express Company has a 52 week low of $220.43 and a 52 week high of $387.49. The company has a market capitalization of $207.00 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14.
American Express Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio (DPR) is 24.69%.
Key Stories Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: Named the NFL’s Official Payments Partner — a multi?year global deal that should boost brand visibility, card penetration and co?brand spending opportunities over time. American Express named official payments partner of NFL
- Positive Sentiment: Expanded business card lineup with the Graphite Business Cash Unlimited Card to target SMB spend and deposit/transaction growth — a product push that can support revenue and payment volume. American Express Company (AXP) Expands Business Card Lineup
- Positive Sentiment: Zacks highlights finance stocks that could beat earnings using its Earnings ESP tool, flagging the potential for upside to AXP around upcoming results. These 2 Finance Stocks Could Beat Earnings
- Neutral Sentiment: Analyst/market previews expect a steady, single?digit rise in Q1 earnings — results could move the stock either way depending on guidance and charge/loan trends. What to Expect From American Express’ Next Quarterly Earnings Report
- Neutral Sentiment: Market writeups reporting recent intraday moves and company profile coverage — useful context but not primary drivers. American Express Company (CNN Markets)
- Negative Sentiment: TD Cowen cut its price target to $330 (from $375) and kept a Hold — analyst downgrades/target cuts can pressure the stock and reflect more cautious near?term expectations. TD Cowen Lowers American Express (AXP) Price Target to $330
- Negative Sentiment: Warren Buffett flagged banking fragility and spillover risks to the broader financial system — rising credit?market stress and interconnectedness could weigh on cards/lending exposure and investor sentiment for financials including AXP. Buffett Flags Banking Fragility as Risks Spread Across Financial System
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Truist Financial lowered their price target on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. BTIG Research reduced their target price on shares of American Express from $328.00 to $285.00 and set a “sell” rating on the stock in a research note on Monday, March 16th. Weiss Ratings restated a “buy (b-)” rating on shares of American Express in a report on Friday, March 27th. Wells Fargo & Company lifted their price target on shares of American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Finally, Evercore set a $393.00 price target on shares of American Express in a report on Tuesday, February 10th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $352.95.
Check Out Our Latest Analysis on American Express
Insider Activity at American Express
In other news, insider Ravikumar Radhakrishnan sold 15,000 shares of American Express stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the completion of the sale, the insider owned 8,945 shares of the company’s stock, valued at approximately $3,189,608.10. The trade was a 62.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anna Marrs sold 27,425 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the sale, the insider owned 20,394 shares of the company’s stock, valued at $7,138,103.94. The trade was a 57.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 73,944 shares of company stock valued at $26,114,366 in the last quarter. Corporate insiders own 0.20% of the company’s stock.
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.
See Also
Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP – Free Report).
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.
