Neville Rodie & Shaw Inc. grew its holdings in American Express Company (NYSE:AXP) by 8.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,242 shares of the payment services company’s stock after buying an additional 4,671 shares during the period. American Express accounts for about 1.4% of Neville Rodie & Shaw Inc.’s holdings, making the stock its 18th biggest holding. Neville Rodie & Shaw Inc.’s holdings in American Express were worth $21,054,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Evolution Wealth Management Inc. grew its stake in American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 66 shares in the last quarter. Joseph Group Capital Management purchased a new position in American Express in the 4th quarter worth approximately $26,000. Sfam LLC purchased a new position in American Express in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express during the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of American Express during the 3rd quarter worth approximately $28,000. 84.33% of the stock is owned by hedge funds and other institutional investors.
American Express Trading Up 2.4%
Shares of American Express stock opened at $344.39 on Tuesday. The firm has a market capitalization of $232.57 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.36 and a beta of 1.04. American Express Company has a fifty-two week low of $290.63 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock has a 50 day moving average of $335.62 and a 200 day moving average of $328.46.
American Express Dividend Announcement
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is presently 23.06%.
Analyst Ratings Changes
AXP has been the subject of several recent research reports. Piper Sandler cut American Express from an “overweight” rating to a “hold” rating in a report on Monday, July 13th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a research note on Thursday, June 18th. Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th. Wells Fargo & Company cut their target price on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Express presently has a consensus rating of “Moderate Buy” and an average target price of $372.84.
Get Our Latest Stock Analysis on American Express
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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