Nisa Investment Advisors LLC increased its holdings in American Express Company (NYSE:AXP) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 250,067 shares of the payment services company’s stock after acquiring an additional 11,057 shares during the quarter. American Express accounts for 1.3% of Nisa Investment Advisors LLC’s portfolio, making the stock its 28th largest position. Nisa Investment Advisors LLC’s holdings in American Express were worth $92,512,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its holdings in American Express by 27.0% during the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after buying an additional 845,283 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of American Express by 46,746.2% during the 2nd quarter. 1832 Asset Management L.P. now owns 542,479 shares of the payment services company’s stock worth $173,040,000 after acquiring an additional 541,321 shares during the last quarter. Amundi grew its position in shares of American Express by 23.9% during the 3rd quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock valued at $925,449,000 after acquiring an additional 537,205 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of American Express by 13.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,342,556 shares of the payment services company’s stock worth $1,385,188,000 after purchasing an additional 530,967 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in shares of American Express in the 3rd quarter worth $153,292,000. 84.33% of the stock is currently owned by institutional investors.
American Express Trading Up 1.7%
American Express stock opened at $302.45 on Wednesday. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49. The firm’s 50 day moving average price is $327.27 and its 200-day moving average price is $346.64. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58. The stock has a market cap of $207.41 billion, a P/E ratio of 19.65, a PEG ratio of 1.26 and a beta of 1.14.
American Express Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be issued a dividend of $0.95 per share. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.3%. American Express’s payout ratio is currently 21.31%.
Analyst Ratings Changes
Several research firms recently weighed in on AXP. TD Cowen reiterated a “hold” rating on shares of American Express in a research report on Thursday, January 8th. Truist Financial reduced their price target on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Credit Suisse Group set a $328.00 price objective on American Express in a research note on Monday, January 12th. Evercore set a $393.00 price objective on American Express in a research report on Tuesday, February 10th. Finally, BTIG Research cut their price objective on American Express from $328.00 to $285.00 and set a “sell” rating for the company in a research note on Monday, March 16th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $352.95.
Insider Transactions at American Express
In other news, insider Ravikumar Radhakrishnan sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the completion of the transaction, the insider owned 8,945 shares in the company, valued at $3,189,608.10. This trade represents a 62.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Howard Grosfield sold 8,134 shares of American Express stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $346.73, for a total value of $2,820,301.82. Following the completion of the sale, the insider directly owned 9,433 shares in the company, valued at $3,270,704.09. This trade represents a 46.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 73,944 shares of company stock worth $26,114,366. 0.20% of the stock is currently owned by company insiders.
Trending Headlines about American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express was named the Official Payments Partner of the NFL in a multi-year global deal, which should drive branded spend, card adoption and marketing reach with affluent consumer and corporate segments. American Express named official payments partner of NFL
- Positive Sentiment: AXP expanded its business card lineup with the Graphite Business Cash Unlimited card aimed at small/medium businesses — a product push that can increase card originations, spend and fee income over time. American Express Company (AXP) Expands Business Card Lineup
- Positive Sentiment: Sell-side and research write-ups (Zacks/InsiderMonkey) highlight earnings and price momentum and keep AXP on watchlists, supporting investor interest ahead of results. American Express (AXP) Boasts Earnings & Price Momentum: Should You Buy?
- Neutral Sentiment: Analysts expect a steady, single‑digit rise in Q1 earnings; upcoming quarterly results are the next catalyst and could move the stock depending on guidance/consumer spending metrics. What to Expect From American Express’ Next Quarterly Earnings Report
- Neutral Sentiment: Coverage pieces note consumers still pay high annual card fees for premium perks — a theme that can support AmEx’s premium card economics but also highlights sensitivity to reward-value and rates. Credit card annual fees are soaring past $800. Here’s why people keep paying them—even as perks are harder to come by
- Negative Sentiment: TD Cowen cut its price target on AXP from $375 to $330 and kept a Hold rating, signaling reduced upside expectations from this analyst and adding downward pressure on sentiment. TD Cowen Lowers American Express (AXP) Price Target to $330
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.
Further Reading
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