In the world of finance, there are various indicators that reflect a company’s financial performance and potential for growth. One such indicator is the Form 13F filing with the Securities and Exchange Commission (SEC). This document provides crucial insights into a company’s holdings, investment portfolio, and changes in ownership.
According to its most recent Form 13F filing with the SEC, Gardner Russo & Quinn LLC has reduced its holdings in shares of American Express (NYSE:AXP) by 2.5% during the fourth quarter of the previous year. The fund had 38,831 shares of the payment services company’s stock after selling 1,005 shares during this period. It is noteworthy that American Express accounts for about 0.1% of Gardner Russo & Quinn LLC’s investment portfolio, making it the fund’s 27th biggest holding. At the end of this quarter, Gardner Russo & Quinn LLC’s holdings in American Express were worth $5,737,000.
On March 8th of this year, American Express declared that its Board of Directors has authorized a share repurchase program that allows the company to buyback 120,000,000 outstanding shares. This essentially indicates that top decision-makers at American Express believe their shares are currently undervalued – making it an attractive investment option for many analysts and investors alike.
On June 3rd, NYSE:AXP traded up $6.79 during midday trading on Friday but hovered at around $169.51 initially. The trading volume was comparatively low; however, its average volume stands at around 3,436,849 shares as opposed to about one tenth of that number on Friday. It is interesting to note that while there may be fluctuations like these due to market conditions or other factors affecting investments in finance-related industries such as payment services – companies like American Express have demonstrated significant resilience and growth over time.
American Express boasts a market capitalization of $125.99 billion, a price-to-earnings ratio of 17.11, and a beta of 1.18, further reinforcing its solid position in the market as a leading payment services company. With a 12-month high of $182.15 and a 12-month low of $130.65, American Express has been able to navigate through turbulent times and come out on top by focusing on effective strategies that have helped it withstand the test of time.
In conclusion, despite fluctuations in market conditions over time, American Express continues to demonstrate resilience and strength thanks to its robust financial structure and strategic planning – allowing it to remain an attractive investment option for those looking to make the most out of their investments in payment services companies like this one.
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American Express: Recent Changes and Ratings Analysis
American Express: A Look at Recent Changes and Ratings
American Express (NYSE:AXP) has been subject to a number of changes by various hedge funds in recent months, as described in an article from June 3, 2023. RB Capital Management LLC increased its stake in the payment services company’s stock by 5.3% to own 3,783 shares worth $707,000. Roundview Capital LLC also lifted its holdings by 0.4% to own 27,029 shares valued at $5,054,000. Similarly, Zions Bancorporation N.A. raised its stake in American Express by 5.6% to hold 1,421 shares worth $266,000.
Institutional investors currently own approximately 83.30% of American Express’s shares. However, the company has suffered from lowered target prices and ratings from several brokerages after posting earnings results on April 20th that missed consensus estimates by ($0.26). Citigroup dropped their price target on American Express from $152.00 to $150.00 and set a “sell” rating on the stock while BMO Capital Markets reduced their target price from $194.00 to $185.00 and assigned a “market perform” rating to the business.
In total four investment analysts have rated AXP as a “sell”, eight have given it a “hold”, and six assigned it a “buy” rating with an average consensus rating of “Hold”. On a positive note for shareholders, the business has announced it will pay out a quarterly dividend on August 10th of $0.60 per share representing an annualized dividend yield of 1.42%. Although there is uncertainty surrounding its current financial status and investor ratings; further monitoring could provide investors insight into possible returns on investment or portfolio balance adjustments moving forward based on performance evaluation data over long-term periods particularly with how it compares to its competitors.
