ORG Wealth Partners LLC Has $292,000 Stock Holdings in American Express Company (NYSE:AXP)

ORG Wealth Partners LLC grew its position in shares of American Express Company (NYSE:AXP) by 26.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,078 shares of the payment services company’s stock after acquiring an additional 225 shares during the quarter. ORG Wealth Partners LLC’s holdings in American Express were worth $292,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Boston Financial Mangement LLC grew its position in American Express by 0.9% in the fourth quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company’s stock valued at $1,189,000 after purchasing an additional 34 shares in the last quarter. Trillium Asset Management LLC boosted its position in American Express by 1.4% during the fourth quarter. Trillium Asset Management LLC now owns 2,449 shares of the payment services company’s stock valued at $727,000 after purchasing an additional 35 shares during the last quarter. Zions Bancorporation N.A. boosted its position in American Express by 2.4% during the fourth quarter. Zions Bancorporation N.A. now owns 1,510 shares of the payment services company’s stock valued at $448,000 after purchasing an additional 35 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in American Express by 2.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,317 shares of the payment services company’s stock valued at $391,000 after purchasing an additional 36 shares in the last quarter. Finally, Arista Wealth Management LLC increased its position in shares of American Express by 1.7% during the 4th quarter. Arista Wealth Management LLC now owns 2,275 shares of the payment services company’s stock worth $675,000 after purchasing an additional 37 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Price Performance

Shares of American Express stock opened at $296.54 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $207.75 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.44 and a beta of 1.25. American Express Company has a twelve month low of $220.43 and a twelve month high of $326.28. The company has a 50-day simple moving average of $282.42 and a two-hundred day simple moving average of $288.80.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping the consensus estimate of $3.47 by $0.17. The company had revenue of $16.97 billion for the quarter, compared to analysts’ expectations of $17.04 billion. American Express had a net margin of 15.31% and a return on equity of 32.48%. During the same period last year, the firm earned $3.33 earnings per share. Analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $3.28 annualized dividend and a yield of 1.11%. American Express’s dividend payout ratio is presently 22.91%.

Insider Activity

In related news, insider Glenda G. Mcneal sold 3,019 shares of American Express stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total value of $799,008.54. Following the transaction, the insider now directly owns 10,919 shares of the company’s stock, valued at $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Howard Grosfield sold 9,450 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the sale, the insider now owns 9,402 shares of the company’s stock, valued at $2,590,251. The trade was a 50.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

AXP has been the subject of several analyst reports. Citigroup decreased their target price on shares of American Express from $320.00 to $300.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. Redburn Atlantic raised shares of American Express from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $270.00 to $255.00 in a research report on Wednesday, April 23rd. BTIG Research lowered their price objective on shares of American Express from $272.00 to $240.00 and set a “sell” rating on the stock in a research note on Monday, April 21st. Baird R W upgraded shares of American Express from a “strong sell” rating to a “hold” rating in a research note on Friday, March 14th. Finally, Monness Crespi & Hardt lifted their price target on American Express from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $296.05.

About American Express

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.