Recent updates on American Express Company's stock (AXP) reflect mixed movements. Multiple investment entities, including the State of Alaska Department of Revenue and Patton Fund Management Inc, have trimmed their stakes in AXP. Conversely, firms like Spirepoint Private Client LLC, Northside Capital Management LLC, and Retirement Income Solutions Inc purchased new shares. Analysts have described AXP as a strong momentum and value stock with potential long-term benefits, particularly attractive to millennials and Gen Z investors. The quarterly dividend announcement of $0.82 per share adds to AXP's appeal as a reliable income stock. Despite some institutions selling shares, others like Perigon Wealth Management LLC, Secure Asset Management LLC, and Ballentine Partners LLC have increased their holdings. AXP also recently unveiled robust Q1 results with an 8% FX-adjusted revenue increase. It fetched a one-year high and was cited as a 'hidden gem' in cheap dividend stocks. However, there's caution among some investors, with Jim Cramer warning about growing greed surrounding AXP stocks.
American Express Company AXP News Analytics from Tue, 15 Apr 2025 07:00:00 GMT to Sat, 27 Sep 2025 10:53:02 GMT - Rating 8 - Innovation 4 - Information 7 - Rumor -3
