Bearing Point Capital LLC lifted its stake in shares of American Express Company (NYSE:AXP) by 9.1% during the fourth quarter, HoldingsChannel reports. The firm owned 30,441 shares of the payment services company’s stock after acquiring an additional 2,547 shares during the quarter. American Express makes up 1.8% of Bearing Point Capital LLC’s investment portfolio, making the stock its 12th largest position. Bearing Point Capital LLC’s holdings in American Express were worth $11,262,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Joseph Group Capital Management bought a new stake in shares of American Express during the 4th quarter worth approximately $26,000. Valley Wealth Managers Inc. raised its stake in American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 46 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in American Express in the 3rd quarter valued at $28,000. Guerra Advisors Inc bought a new stake in American Express in the 3rd quarter valued at $28,000. Finally, Torren Management LLC bought a new stake in American Express in the 4th quarter valued at $32,000. Institutional investors own 84.33% of the company’s stock.
American Express Stock Up 0.5%
AXP stock opened at $316.55 on Friday. 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 stock has a market capitalization of $215.99 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.29 and a beta of 1.08. The business’s fifty day moving average price is $312.81 and its two-hundred day moving average price is $338.90. American Express Company has a fifty-two week low of $286.15 and a fifty-two week high of $387.49.
American Express Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 3rd were 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 was Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio (DPR) is 23.71%.
Analyst Upgrades and Downgrades
AXP has been the topic of a number of research analyst reports. Barclays dropped their price target on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Bank of America increased their price target on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. dropped their price target on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Royal Bank Of Canada set a $415.00 price target on American Express in a research note on Friday, April 10th. Finally, Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express presently has an average rating of “Hold” and an average target price of $359.05.
Get Our Latest Analysis on American Express
Trending Headlines about American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express launched a new business card aimed at niche small and midsize businesses, including interior designers, which suggests continued product expansion and a push to deepen relationships with higher-value commercial customers. American Express Targets Niche SMEs With New Interior Designer Business Card
- Positive Sentiment: American Express cardmembers can now tap and ride on more transit systems across Canada, a small but constructive sign that the company is expanding everyday payment usage and improving card utility. American Express Cardmembers Can Now Tap and Ride on More Transit Systems Across Canada
- Neutral Sentiment: Analyst and conference coverage highlighted American Express at Bernstein’s strategic decisions conference and followed up on its strong first-quarter results, reinforcing the view that fundamentals remain solid even as consumers face pressure. American Express Keeps Buy Rating After Stellar Q1, Despite Clouds Over Consumer Confidence
- Neutral Sentiment: Options-market activity has drawn attention, which can signal expectations for a meaningful move, but the article does not provide a clear fundamental catalyst by itself. Do Options Traders Know Something About American Express Stock We Don’t?
- Neutral Sentiment: Several items were mostly background or general-interest pieces about the company’s history, workforce, or Buffett ownership rather than immediate stock drivers. History of American Express: Company timeline & facts
- Negative Sentiment: There was no major negative company-specific news in the latest set, but broader commentary noted ongoing concerns about consumer confidence, which could temper enthusiasm if spending slows. American Express Keeps Buy Rating After Stellar Q1, Despite Clouds Over Consumer Confidence
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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