5 Prominent NYSE Stocks That Hit 52-Week Highs This Week

3. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders: 74

YTD Performance as of December 22: 25.60%

American Express Company (NYSE:AXP) is a globally integrated payments company focused on card-issuing, merchant-acquiring, and card network businesses. It provides payment products and services to consumers, small businesses, mid-sized companies, and large corporations around the world.

On December 18, Goldman Sachs analyst Ryan Nash raised the price target for American Express Company (NYSE:AXP) shares from $186 to $205 and maintained a ‘Buy’ rating for its shares. The target price represents a potential upside of 10.47% based on the share price on December 22.

As of Q3 2023, 74 hedge funds owned shares of American Express Company (NYSE:AXP), valued at a whopping $25.6 billion. Warren Buffett’s Berkshire Hathaway owns 151.6 million shares of the payment company, valued at $22.6 billion.