Pavion Blue Capital LLC bought a new stake in American Express Company (NYSE:AXP) in the second quarter, HoldingsChannel.com reports. The fund bought 28,239 shares of the payment services company’s stock, valued at approximately $9,552,000. American Express comprises 3.9% of Pavion Blue Capital LLC’s holdings, making the stock its 5th biggest holding.
A number of other institutional investors and hedge funds have also made changes to their positions in AXP. Evolution Wealth Management Inc. boosted its position 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 purchasing an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in American Express in the fourth quarter worth $26,000. Sfam LLC acquired a new stake in American Express in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new stake in American Express in the fourth quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in American Express in the third quarter valued at $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.
American Express Price Performance
Shares of AXP opened at $336.50 on Tuesday. The firm has a market capitalization of $227.24 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. American Express Company has a one year low of $290.97 and a one year high of $387.49. The stock’s fifty day moving average is $341.81 and its 200-day moving average is $327.17.
American Express Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were 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 was Thursday, July 2nd. American Express’s payout ratio is 23.06%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Evercore set a $370.00 price target on shares of American Express in a research report on Monday, July 27th. Barclays boosted their target price on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Truist Financial upped their target price on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and raised their price target for the company from $328.00 to $400.00 in a research note on Monday, July 13th. Finally, Guggenheim assumed coverage on American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $373.32.
Get Our Latest Analysis on AXP
American Express Company 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.
Featured Stories
- Five stocks we like better than American Express
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
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.
