Vanguard Personalized Indexing Management LLC raised its holdings in shares of American Express Company (NYSE:AXP) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,670 shares of the payment services company’s stock after buying an additional 6,689 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in American Express were worth $33,543,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in shares of American Express by 1.3% during the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after acquiring an additional 369,967 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after purchasing an additional 141,936 shares during the last quarter. Capital World Investors raised its stake in American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after purchasing an additional 2,393,340 shares in the last quarter. Norges Bank purchased a new stake in American Express in the fourth quarter valued at approximately $2,464,215,000. Finally, Nuveen LLC lifted its position in American Express by 6.0% during the fourth quarter. Nuveen LLC now owns 5,172,484 shares of the payment services company’s stock valued at $1,913,560,000 after purchasing an additional 293,107 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.
American Express Trading Down 0.0%
AXP stock opened at $325.37 on Monday. The company has a market capitalization of $222.01 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.32 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. American Express Company has a one year low of $286.15 and a one year high of $387.49. The company’s 50 day moving average price is $315.83 and its two-hundred day moving average price is $335.85.
American Express Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio is presently 23.71%.
American Express News Summary
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express and Delta Air Lines rolled out refreshed SkyMiles card benefits, updated card designs, and new welcome offers for card members, which could help support cardholder growth and spending. American Express Company (AXP) and Delta Refresh SkyMiles Card Benefits
- Positive Sentiment: CNBC’s “Final Trades” highlighted American Express as a top pick, which can add investor attention and reinforce confidence in the stock. American Express, Live Nation And A Health Care Stock: CNBC’s ‘Final Trades’
- Neutral Sentiment: Several recent writeups note that analysts remain cautious on American Express, with consensus ratings around “Hold,” suggesting the market may be waiting for clearer evidence of earnings momentum. American Express Company (NYSE:AXP) Given Consensus Rating of “Hold” by Analysts
- Neutral Sentiment: Coverage also pointed to a cautious post-earnings tone, indicating investors are still assessing whether American Express can sustain growth after its recent results. American Express Draws Cautious Market Attention After Results
- Neutral Sentiment: News that American Express will break ground next month on its tower at Two World Trade Center is strategically important, but it is unlikely to be a near-term stock driver. American Express to break ground on tower next month at Two World Trade Center — major milestone for tragic site
Wall Street Analyst Weigh In
A number of brokerages have recently commented on AXP. Bank of America increased their price target on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, April 24th. JPMorgan Chase & Co. dropped their price objective on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Royal Bank Of Canada set a $415.00 target price on American Express in a research note on Friday, April 10th. Truist Financial lowered their price target on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Finally, BTIG Research reaffirmed a “sell” rating and set a $285.00 price target on shares of American Express in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $359.05.
Get Our Latest Analysis on AXP
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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