Aprio Wealth Management LLC boosted its stake in shares of American Express (NYSE:AXP – Free Report) by 5.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,040 shares of the payment services company’s stock after acquiring an additional 58 shares during the quarter. Aprio Wealth Management LLC’s holdings in American Express were worth $282,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in AXP. Sawgrass Asset Management LLC boosted its position in shares of American Express by 0.4% during the second quarter. Sawgrass Asset Management LLC now owns 10,384 shares of the payment services company’s stock valued at $2,404,000 after buying an additional 41 shares during the period. Davis Investment Partners LLC boosted its position in shares of American Express by 0.5% during the third quarter. Davis Investment Partners LLC now owns 8,011 shares of the payment services company’s stock valued at $2,170,000 after buying an additional 42 shares during the period. Ignite Planners LLC boosted its position in shares of American Express by 0.9% during the second quarter. Ignite Planners LLC now owns 4,682 shares of the payment services company’s stock valued at $1,103,000 after buying an additional 43 shares during the period. Willner & Heller LLC boosted its position in shares of American Express by 4.1% during the second quarter. Willner & Heller LLC now owns 1,087 shares of the payment services company’s stock valued at $252,000 after buying an additional 43 shares during the period. Finally, Beacon Capital Management LLC boosted its position in shares of American Express by 18.9% during the second quarter. Beacon Capital Management LLC now owns 271 shares of the payment services company’s stock valued at $63,000 after buying an additional 43 shares during the period. 84.33% of the stock is owned by institutional investors.
American Express Stock Performance
Shares of AXP stock opened at $269.00 on Wednesday. The business’s fifty day simple moving average is $254.43 and its 200-day simple moving average is $240.88. The company has a market cap of $193.49 billion, a PE ratio of 22.16, a PEG ratio of 1.48 and a beta of 1.21. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74. American Express has a 12-month low of $140.91 and a 12-month high of $276.79.
American Express Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, October 4th. American Express’s payout ratio is 23.06%.
Analysts Set New Price Targets
Several research analysts have issued reports on AXP shares. Barclays boosted their target price on American Express from $223.00 to $250.00 and gave the company an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered American Express from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $268.00 to $286.00 in a report on Monday. HSBC lowered American Express from a “buy” rating to a “hold” rating and boosted their price target for the company from $265.00 to $270.00 in a report on Tuesday. Bank of America boosted their price target on American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Finally, Wells Fargo & Company boosted their price target on American Express from $285.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $239.96.
Check Out Our Latest Analysis on AXP
About American Express
American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.
See Also
- Five stocks we like better than American Express
- What is the S&P 500 and How It is Distinct from Other Indexes
- NVIDIA’s AI Dominance: Why Analysts Predict Major Upside Ahead
- Basic Materials Stocks Investing
- These Stocks Are Using Buybacks to Unlock Big Gains for Investors
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- This Is the Entry Into PepsiCo You’ve Been Waiting For
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.