Meiji Yasuda America Inc bought a new stake in American Express Company (NYSE:AXP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,690 shares of the payment services company’s stock, valued at approximately $8,764,000. American Express comprises about 2.0% of Meiji Yasuda America Inc’s holdings, making the stock its 12th biggest position.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of American Express by 24.4% during the 4th 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 in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of American Express by 13.0% during 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 in the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of American Express during the 2nd quarter worth approximately $428,000. Howland Capital Management LLC grew its holdings 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 worth $707,000 after purchasing an additional 90 shares in the last quarter. Finally, HUB Investment Partners LLC grew its holdings in shares of American Express by 19.9% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.
American Express Price Performance
Shares of AXP stock opened at $318.95 on Friday. The stock’s fifty day simple moving average is $315.36 and its 200 day simple moving average is $336.06. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The firm has a market cap of $217.63 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.27 and a beta of 1.06. American Express Company has a one year low of $286.15 and a one year high of $387.49.
American Express Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a $0.95 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s payout ratio is presently 23.71%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AXP. Evercore set a $345.00 price objective on American Express in a report on Wednesday, April 29th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Royal Bank Of Canada set a $415.00 price objective on American Express in a report on Friday, April 10th. Truist Financial decreased their price objective on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Finally, Barclays decreased their price objective on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned 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, American Express currently has a consensus rating of “Hold” and an average target price of $359.05.
Read Our Latest Stock Report on American Express
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.
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