ORG Wealth Partners LLC Has $253,000 Stock Position in American Express (NYSE:AXP)

ORG Wealth Partners LLC cut its holdings in American Express (NYSE:AXP) by 6.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 853 shares of the payment services company’s stock after selling 56 shares during the quarter. ORG Wealth Partners LLC’s holdings in American Express were worth $253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Prospera Private Wealth LLC bought a new position in American Express during the third quarter valued at about $27,000. Kennebec Savings Bank bought a new stake in American Express during the 3rd quarter valued at approximately $29,000. True Wealth Design LLC raised its stake in American Express by 332.0% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of American Express during the 3rd quarter worth approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in American Express in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AXP shares. TD Cowen upped their price target on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Compass Point lifted their target price on American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Bank of America raised their price target on shares of American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Truist Financial began coverage on shares of American Express in a research report on Tuesday. They issued a “buy” rating and a $350.00 price objective on the stock. Finally, BTIG Research lowered shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price target on the stock. in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $272.64.

Insider Buying and Selling at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This represents a 10.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at $1,952,286.84. This represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,998 shares of company stock worth $26,423,439. Insiders own 0.12% of the company’s stock.

American Express Trading Down 2.8 %

Shares of AXP traded down $8.48 during trading hours on Friday, hitting $294.37. 902,595 shares of the stock were exchanged, compared to its average volume of 1,928,467. The firm has a market capitalization of $207.37 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. American Express has a fifty-two week low of $177.81 and a fifty-two week high of $307.82. The business has a 50-day moving average of $296.45 and a 200-day moving average of $268.66.

American Express (NYSE:AXP) last released its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.22. The company had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. American Express’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.30 EPS. On average, research analysts expect that American Express will post 13.4 EPS for the current year.

American Express Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio (DPR) is 20.60%.

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.