Navigation Group LLC purchased a new position in shares of American Express Company (NYSE:AXP) during the 1st quarter, HoldingsChannel reports. The firm purchased 1,675 shares of the payment services company’s stock, valued at approximately $507,000.
A number of other hedge funds also recently bought and sold shares of AXP. Twin Capital Management Inc. boosted its stake in shares of American Express by 1.0% in the 1st quarter. Twin Capital Management Inc. now owns 9,302 shares of the payment services company’s stock valued at $2,814,000 after buying an additional 88 shares during the period. Marks Group Wealth Management Inc increased its stake in shares of American Express by 20.9% during the first quarter. Marks Group Wealth Management Inc now owns 875 shares of the payment services company’s stock worth $265,000 after buying an additional 151 shares during the period. Midwest Professional Planners LTD. raised its holdings in American Express by 0.9% in the first quarter. Midwest Professional Planners LTD. now owns 13,217 shares of the payment services company’s stock valued at $3,998,000 after acquiring an additional 122 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in American Express by 16.1% in the first quarter. Illinois Municipal Retirement Fund now owns 55,881 shares of the payment services company’s stock valued at $16,903,000 after acquiring an additional 7,762 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in American Express by 2.6% in the first quarter. Geneos Wealth Management Inc. now owns 3,249 shares of the payment services company’s stock worth $983,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.
American Express Stock Performance
Shares of American Express stock opened at $358.61 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. American Express Company has a 52 week low of $288.34 and a 52 week high of $387.49. The firm’s 50 day moving average is $327.75 and its two-hundred day moving average is $331.30. The firm has a market capitalization of $244.69 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.43 and a beta of 1.04.
American Express Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio is currently 23.71%.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Bank of America boosted their price target on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Wells Fargo & Company decreased their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Guggenheim initiated coverage on shares of American Express in a research note on Monday. They set a “buy” rating for the company. BTIG Research increased their target price on American Express from $285.00 to $324.00 and gave the company a “sell” rating in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, American Express has an average rating of “Moderate Buy” and an average price target of $374.15.
Check Out Our Latest Stock Analysis on American Express
Key Stories Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: JPMorgan upgraded American Express to Overweight and named it a preferred pick, pointing to the company’s stronger spending-linked revenue model even as broader market worries rise.
- Positive Sentiment: American Express raised its Platinum Card annual fee to $895, a roughly 29% increase, and reports say retention remains high — a favorable sign for future card-fee revenue.
- Positive Sentiment: Several articles highlighted American Express as one of Warren Buffett’s key holdings and a stock to watch, which can support investor confidence in the long-term story.
- Positive Sentiment: Research pieces also pointed to strong earnings growth and price momentum, reinforcing expectations for solid fundamentals heading into the July 24 earnings report.
- Neutral Sentiment: American Express was featured in a branded Montauk/EDITION Hotels event, which is positive for marketing and cardholder engagement but unlikely to move the stock materially by itself.
- Neutral Sentiment: Peer-news around Visa’s AI banking assistant and the reported PayPal takeover chatter may influence sentiment for payments names broadly, but the direct impact on AXP is limited.
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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