Kidder Stephen W increased its holdings in American Express Company (NYSE:AXP) by 68.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,118 shares of the payment services company’s stock after acquiring an additional 4,502 shares during the quarter. American Express makes up about 1.2% of Kidder Stephen W’s investment portfolio, making the stock its 28th largest position. Kidder Stephen W’s holdings in American Express were worth $4,113,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in AXP. Evolution Wealth Management Inc. lifted its stake in American Express by 6,600.0% in the fourth 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 purchased a new stake in American Express in the fourth quarter worth about $26,000. Sfam LLC purchased a new stake in American Express in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express in the fourth quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in American Express in the third quarter worth about $28,000. 84.33% of the stock is owned by hedge funds and other institutional investors.
American Express Stock Performance
Shares of American Express stock opened at $341.06 on Wednesday. The company has a market capitalization of $232.72 billion, a PE ratio of 21.28, a P/E/G ratio of 1.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The company has a 50-day simple moving average of $317.35 and a two-hundred day simple moving average of $335.49. American Express Company has a one year low of $288.34 and a one year high of $387.49.
American Express Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s dividend payout ratio is 23.71%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on AXP shares. The Goldman Sachs Group upped their price objective on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings downgraded shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Truist Financial reduced their target price on shares of American Express from $400.00 to $360.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, Loop Capital assumed coverage on shares of American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $359.05.
Check Out Our Latest Analysis on American Express
American Express News Roundup
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express agreed to buy TheFork for $700 million, adding more than 50,000 European restaurants to its dining network and expanding the company’s premium lifestyle offerings. American Express Expands Dining Ecosystem With TheFork Acquisition From Tripadvisor
- Positive Sentiment: Analysts and market commentary suggest the deal could improve AmEx’s competitive positioning in dining and experiences, which may support customer acquisition and cardholder spending over time. Analysts Offer Insights on Financial Companies: Visa (V) and American Express (AXP)
- Neutral Sentiment: BTIG reaffirmed its sell rating on American Express with a $285 price target, signaling lingering valuation concerns despite the recent stock strength.
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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