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

Olistico Wealth LLC grew its holdings in shares of American Express (NYSE:AXP) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,825 shares of the payment services company’s stock after buying an additional 62 shares during the period. Olistico Wealth LLC’s holdings in American Express were worth $1,135,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Auxier Asset Management grew its stake in American Express by 0.5% in the third quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after purchasing an additional 35 shares during the period. Abel Hall LLC boosted its holdings in shares of American Express by 3.6% during the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after buying an additional 35 shares in the last quarter. Sunflower Bank N.A. grew its position in shares of 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 worth $1,203,000 after buying an additional 35 shares during the period. Sovereign Financial Group Inc. increased its stake in shares of 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 worth $398,000 after acquiring an additional 38 shares in the last quarter. Finally, Lmcg Investments LLC lifted 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 valued at $590,000 after acquiring an additional 39 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AXP shares. Monness Crespi & Hardt raised their target price on shares of American Express from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods raised their price objective on American Express from $325.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Evercore ISI boosted their target price on American Express from $275.00 to $290.00 and gave the stock an “in-line” rating in a report on Monday, October 7th. TD Cowen raised their price target on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Finally, UBS Group lifted their price target on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $278.09.

Insider Transactions at American Express

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

American Express Price Performance

Shares of AXP opened at $322.48 on Thursday. American Express has a 1-year low of $184.81 and a 1-year high of $322.82. The firm has a fifty day simple moving average of $300.24 and a two-hundred day simple moving average of $273.36. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The firm has a market cap of $227.17 billion, a PE ratio of 23.73, a P/E/G ratio of 1.47 and a beta of 1.23.

American Express Announces Dividend

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