Integrated Advisors Network LLC cut its stake in American Express Company (NYSE:AXP) by 75.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,821 shares of the payment services company’s stock after selling 8,581 shares during the quarter. Integrated Advisors Network LLC’s holdings in American Express were worth $853,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Capital Asset Advisory Services LLC increased its position in American Express by 2.4% during the fourth quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock worth $465,000 after purchasing an additional 28 shares during the last quarter. Lantz Financial LLC boosted its holdings in American Express by 3.6% in the 4th quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock valued at $299,000 after purchasing an additional 28 shares during the last quarter. Financial Management Network Inc. boosted its holdings in American Express by 0.8% in the 4th quarter. Financial Management Network Inc. now owns 3,740 shares of the payment services company’s stock valued at $1,394,000 after purchasing an additional 29 shares during the last quarter. Central Bank & Trust Co. grew its stake in shares of American Express by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 2,620 shares of the payment services company’s stock valued at $969,000 after buying an additional 29 shares during the period. Finally, Burns J W & Co. Inc. NY increased its holdings in shares of American Express by 2.1% during the 4th quarter. Burns J W & Co. Inc. NY now owns 1,400 shares of the payment services company’s stock worth $518,000 after buying an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.
American Express Trading Down 3.8%
Shares of NYSE AXP opened at $336.29 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $229.46 billion, a PE ratio of 20.98, a PEG ratio of 1.44 and a beta of 1.04. American Express Company has a twelve month low of $288.34 and a twelve month high of $387.49. The stock has a fifty day simple moving average of $324.31 and a 200-day simple moving average of $332.29.
American Express Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio is currently 23.71%.
Analysts Set New Price Targets
Several research firms have recently commented on AXP. Morgan Stanley reduced their price target on shares of 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. Bank of America raised their target price on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Barclays lifted their target price on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday. Loop Capital began coverage on American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 price target for the company. Finally, BTIG Research raised their price objective on American Express from $285.00 to $324.00 and gave the stock a “sell” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, American Express has a consensus rating of “Hold” and an average target price of $368.50.
View Our Latest Stock Report on AXP
Key Stories Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: UBS raised its price target on American Express to $386 from $340, implying meaningful upside from current levels, even while keeping a neutral stance. Benzinga report on UBS target hike
- Positive Sentiment: Barclays lifted its target to $364 from $322, reflecting improved expectations for AXP and signaling continued analyst confidence in the stock. Benzinga report on Barclays target hike
- Positive Sentiment: Other commentary highlighted solid spending growth, rising revenue, and expanding digital capabilities, suggesting American Express is still executing well operationally. Yahoo Finance article on American Express fundamentals
- Positive Sentiment: Several articles pointed to options-market activity that could indicate traders are positioning for a larger move in AXP, which may be supportive if sentiment turns positive. Yahoo Finance options market article
- Neutral Sentiment: TD Cowen also nudged its target higher to $338, but kept a hold rating, reinforcing a broadly cautious-but-not-bearish Street view. Benzinga report on TD Cowen target hike
- Negative Sentiment: Shares fell more than the broader market in the latest session, indicating investors are taking profits or rotating out despite the supportive analyst updates. Zacks market move article
- Negative Sentiment: Costco’s reported credit-card change could be a reminder of competitive and partnership risks in the card ecosystem, though the direct impact on American Express is unclear. TheStreet Costco credit card change article
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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