Nicholas Hoffman & Company LLC. grew its stake in American Express (NYSE:AXP) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,866 shares of the payment services company’s stock after buying an additional 248 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in American Express were worth $930,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Advisor Partners LLC raised its holdings in American Express by 0.3% in the 4th quarter. Advisor Partners LLC now owns 24,629 shares of the payment services company’s stock worth $3,197,000 after purchasing an additional 78 shares during the period. First Foundation Advisors raised its holdings in American Express by 3.0% in the 4th quarter. First Foundation Advisors now owns 2,832 shares of the payment services company’s stock worth $353,000 after purchasing an additional 82 shares during the period. BerganKDV Wealth Management LLC raised its holdings in American Express by 11.9% in the 4th quarter. BerganKDV Wealth Management LLC now owns 783 shares of the payment services company’s stock worth $97,000 after purchasing an additional 83 shares during the period. Tradewinds Capital Management LLC raised its holdings in American Express by 10.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 942 shares of the payment services company’s stock worth $117,000 after purchasing an additional 86 shares during the period. Finally, Bull Street Advisors LLC raised its holdings in American Express by 1.8% in the 4th quarter. Bull Street Advisors LLC now owns 5,635 shares of the payment services company’s stock worth $702,000 after purchasing an additional 100 shares during the period. 84.21% of the stock is owned by institutional investors and hedge funds.

AXP has been the subject of a number of analyst reports. Piper Sandler reduced their price target on American Express from $146.00 to $119.00 in a report on Thursday, March 12th. Royal Bank of Canada reiterated a “hold” rating and set a $85.00 price objective on shares of American Express in a research note on Sunday, April 26th. Stephens cut their price objective on American Express from $144.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 18th. Morgan Stanley cut their price objective on American Express from $117.00 to $113.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Finally, Credit Suisse Group cut their price objective on American Express from $90.00 to $85.00 and set an “underperform” rating for the company in a research note on Monday, April 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. American Express currently has an average rating of “Hold” and an average target price of $107.83.

Shares of AXP stock traded down $0.64 during trading hours on Friday, reaching $89.19. The company had a trading volume of 283,176 shares, compared to its average volume of 6,514,264. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a fifty day moving average of $85.69 and a 200-day moving average of $110.94. The company has a market capitalization of $73.04 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 1.57 and a beta of 1.13. American Express has a 12-month low of $67.00 and a 12-month high of $138.13.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, April 24th. The payment services company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.29. The business had revenue of $10.31 billion during the quarter, compared to analyst estimates of $10.67 billion. American Express had a return on equity of 30.21% and a net margin of 12.74%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.01 earnings per share. On average, analysts forecast that American Express will post 4.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Wednesday, July 1st. American Express’s dividend payout ratio is presently 20.98%.

American Express Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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