American Express (NYSE:AXP) Shares Sold by ORG Wealth Partners LLC

ORG Wealth Partners LLC decreased its stake in shares of American Express (NYSE:AXP) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 853 shares of the payment services company’s stock after selling 56 shares during the period. ORG Wealth Partners LLC’s holdings in American Express were worth $253,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AXP. Auxier Asset Management boosted its holdings 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 valued at $1,934,000 after acquiring an additional 35 shares during the last quarter. Abel Hall LLC lifted its holdings in American Express by 3.6% in the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock worth $274,000 after buying an additional 35 shares in the last quarter. Sovereign Financial Group Inc. boosted its position 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 during the last quarter. Legacy Financial Strategies LLC grew its stake in shares of American Express by 2.5% during the third quarter. Legacy Financial Strategies LLC now owns 1,632 shares of the payment services company’s stock valued at $443,000 after acquiring an additional 40 shares in the last quarter. Finally, Concord Wealth Partners increased its position in shares of American Express by 10.5% during the third quarter. Concord Wealth Partners now owns 422 shares of the payment services company’s stock worth $114,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Price Performance

NYSE:AXP traded down $8.48 during midday trading on Friday, hitting $294.37. 902,595 shares of the stock were exchanged, compared to its average volume of 1,928,467. The company has a market capitalization of $207.37 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 1.73 and a beta of 1.23. 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 one year low of $177.81 and a one year high of $307.82. The business has a 50-day moving average price of $296.45 and a two-hundred day moving average price of $268.66.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The business had revenue of $16.64 billion during the quarter, compared to analyst estimates of $16.68 billion. During the same quarter in the prior year, the firm posted $3.30 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. Sell-side analysts predict that American Express will post 13.4 EPS for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio is presently 20.60%.

Insider Buying and Selling

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction that occurred 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 directly owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This trade represents a 10.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Anre D. Williams sold 77,887 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the completion of the sale, the insider now owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. This trade represents a 41.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,998 shares of company stock worth $26,423,439. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Truist Financial started coverage on American Express in a report on Tuesday. They set a “buy” rating and a $350.00 price objective on the stock. Hsbc Global Res lowered shares of American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Evercore ISI increased their price objective on shares of 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 downgraded shares of American Express from a “buy” rating to a “hold” rating and boosted their target price for the stock from $265.00 to $270.00 in a research report on Tuesday, October 8th. Finally, StockNews.com upgraded American Express from a “hold” rating to a “buy” rating in a research note on Wednesday, January 1st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $272.64.

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.