Teamwork Financial Advisors LLC Has $5.41 Million Position in American Express (NYSE:AXP)

Teamwork Financial Advisors LLC increased its stake in shares of American Express (NYSE:AXP) by 2.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,213 shares of the payment services company’s stock after buying an additional 482 shares during the period. Teamwork Financial Advisors LLC’s holdings in American Express were worth $5,405,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Auxier Asset Management boosted its holdings in shares of American Express by 0.5% during the third quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after acquiring an additional 35 shares during the period. Abel Hall LLC lifted its holdings in American Express by 3.6% during the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock worth $274,000 after purchasing an additional 35 shares during the last quarter. Sunflower Bank N.A. boosted its stake in American Express by 0.9% in the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock valued at $1,203,000 after purchasing an additional 35 shares during the period. Sovereign Financial Group Inc. grew its holdings in American Express by 2.7% in the 3rd quarter. Sovereign Financial Group Inc. now owns 1,467 shares of the payment services company’s stock valued at $398,000 after buying an additional 38 shares in the last quarter. Finally, Lmcg Investments LLC increased its position in American Express by 2.0% during the 4th quarter. Lmcg Investments LLC now owns 1,988 shares of the payment services company’s stock worth $590,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

American Express stock opened at $322.48 on Thursday. The stock’s 50 day moving average price is $300.94 and its two-hundred day moving average price is $273.70. The stock has a market capitalization of $227.17 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.49 and a beta of 1.23. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. American Express has a 52-week low of $184.81 and a 52-week high of $322.82.

American Express Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently commented on AXP. Compass Point upped their price target on shares of American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a research note on Thursday, December 19th. HSBC downgraded American Express from a “buy” rating to a “hold” rating and upped their target price for the company from $265.00 to $270.00 in a research report on Tuesday, October 8th. Evercore ISI increased their price objective on shares of American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a research note on Monday, October 7th. Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company upped their target price on American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $278.09.

Insider Transactions at American Express

In related news, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the transaction, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 109,691 shares in the company, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

American Express 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.