Recent reports suggest strong investor and analyst interest in American Express Company (AXP), making it an attractive buy before spring. Investment firms including U S Global Investors Inc. and Pettyjohn Wood & White Inc., have significantly increased their positions while Anchor Capital Advisors LLC, wealth firm HC Advisors LLC, and QRG Capital Management Inc. made notable investments in AXP. Albeit some asset management companies like Oppenheimer & Co. Inc. and the Illinois Municipal Retirement Fund trimmed their AXP positions, bullish sentiment is prevalent as experts view AXP as one of the best dividend growth stocks. The company reported impressive earnings and a 25% growth in its EPS. AXP also partnered with Alibaba’s Alipay to expand its global reach, a move hailed by Wall Street analysts. Recently, AXP announced record annual revenue, a planned 17% dividend hike and full-year EPS guidance rise. Failings on the downside, some key executives sold off AXP shares worth $6.5M, triggering insider trading concerns. Also, despite AXP's Q4 earnings beat, some believe AXP stock underperformed compared to its earnings growth in the last five years.
American Express Company AXP News Analytics from Sat, 24 Aug 2024 07:00:00 GMT to Sat, 01 Mar 2025 12:58:55 GMT - Rating 7 - Innovation -1 - Information 8 - Rumor -5
