Public Employees Retirement Association of Colorado grew its stake in American Express Company (NYSE:AXP) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,038,326 shares of the payment services company’s stock after purchasing an additional 18,845 shares during the quarter. American Express comprises approximately 1.4% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 12th biggest holding. Public Employees Retirement Association of Colorado’s holdings in American Express were worth $384,129,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Trajan Wealth LLC grew its holdings in American Express by 30.9% during the third quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock worth $8,271,000 after acquiring an additional 5,881 shares during the period. Hillsdale Investment Management Inc. grew its holdings in American Express by 218.7% during the third quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock worth $2,837,000 after acquiring an additional 5,860 shares during the period. Sumitomo Mitsui Financial Group Inc. grew its holdings in American Express by 11.7% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock worth $27,524,000 after acquiring an additional 8,651 shares during the period. Parr Mcknight Wealth Management Group LLC grew its holdings in American Express by 1,243.9% during the third quarter. Parr Mcknight Wealth Management Group LLC now owns 13,775 shares of the payment services company’s stock worth $4,576,000 after acquiring an additional 12,750 shares during the period. Finally, Hudson Bay Capital Management LP grew its holdings in American Express by 159.5% during the third quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock worth $10,500,000 after acquiring an additional 19,429 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.
American Express Stock Down 0.0%
AXP opened at $325.37 on Monday. The business’s fifty day moving average is $315.83 and its two-hundred day moving average is $335.85. 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 market cap of $222.01 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.32 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio is currently 23.71%.
Trending Headlines about American Express
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
Analyst Ratings Changes
AXP has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Evercore set a $345.00 target price on American Express in a research report on Wednesday, April 29th. Morgan Stanley decreased their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Bank of America boosted their target price on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $359.05.
Read Our Latest Stock Report on American Express
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.
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