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

Teamwork Financial Advisors LLC grew its position in American Express (NYSE:AXP) by 2.7% in the 4th quarter, according to its most recent 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 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mutual Advisors LLC increased its position in American Express by 5.2% in the fourth quarter. Mutual Advisors LLC now owns 8,259 shares of the payment services company’s stock worth $2,573,000 after purchasing an additional 410 shares during the period. Olistico Wealth LLC grew its position in shares of American Express by 1.6% during the 4th quarter. Olistico Wealth LLC now owns 3,825 shares of the payment services company’s stock worth $1,135,000 after buying an additional 62 shares during the period. True North Advisors LLC raised its stake in shares of American Express by 12.4% during the fourth quarter. True North Advisors LLC now owns 1,293 shares of the payment services company’s stock worth $384,000 after buying an additional 143 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in American Express by 16.9% in the fourth quarter. Wesbanco Bank Inc. now owns 4,883 shares of the payment services company’s stock valued at $1,449,000 after acquiring an additional 705 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in American Express by 0.6% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 101,324 shares of the payment services company’s stock worth $30,072,000 after acquiring an additional 648 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Up 1.4 %

Shares of AXP stock opened at $322.48 on Thursday. The firm’s fifty day moving average price is $300.94 and its two-hundred day moving average price is $273.70. 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 1 year low of $184.81 and a 1 year high of $322.82. The firm has a market capitalization of $227.17 billion, a P/E ratio of 23.73, a PEG ratio of 1.49 and a beta of 1.23.

American Express Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AXP shares. Truist Financial began coverage on American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target on the stock. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Evercore ISI upped their price target on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a research note on Monday, October 7th. HSBC lowered shares of American Express from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $265.00 to $270.00 in a research note on Tuesday, October 8th. Finally, Morgan Stanley increased their target price on shares of American Express from $252.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, December 19th. 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’s stock. According to data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and an average price target of $278.09.

Insider Activity at American Express

In related news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

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.