Olistico Wealth LLC Raises Stock Position in American Express (NYSE:AXP)

Olistico Wealth LLC grew its holdings in American Express (NYSE:AXP) by 1.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,825 shares of the payment services company’s stock after acquiring an additional 62 shares during the period. Olistico Wealth LLC’s holdings in American Express were worth $1,135,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. World Investment Advisors LLC grew its position in shares of American Express by 430.6% during the third quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock valued at $1,292,000 after purchasing an additional 3,867 shares in the last quarter. XML Financial LLC boosted its stake in American Express by 9.8% during the third quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock valued at $306,000 after buying an additional 101 shares during the last quarter. LVM Capital Management Ltd. MI grew its holdings in American Express by 3.1% during the 4th quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock valued at $25,626,000 after buying an additional 2,557 shares in the last quarter. Oliver Lagore Vanvalin Investment Group increased its stake in American Express by 2,196.4% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 8,244 shares of the payment services company’s stock worth $1,909,000 after acquiring an additional 7,885 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of American Express by 12.7% during the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after acquiring an additional 247,864 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling at American Express

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. The trade was a 10.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares in the company, valued at $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

American Express Price Performance

Shares of AXP stock opened at $322.48 on Thursday. The stock has a market capitalization of $227.17 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 1.47 and a beta of 1.23. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a twelve month low of $184.81 and a twelve month high of $322.82. The stock has a fifty day simple moving average of $300.24 and a two-hundred day simple moving average of $273.36.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, January 3rd. American Express’s payout ratio is 20.60%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of American Express from $325.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Truist Financial started coverage on shares of American Express in a report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 target price on the stock. Evercore ISI upped their target price on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. lifted their price target on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Finally, Hsbc Global Res downgraded American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, American Express currently has an average rating of “Hold” and an average target price of $278.09.

American Express Company Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.