Olistico Wealth LLC Has $1.41 Million Position in American Express Company $AXP

Olistico Wealth LLC raised its holdings in American Express Company (NYSE:AXP) by 13.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,427 shares of the payment services company’s stock after acquiring an additional 508 shares during the quarter. American Express comprises 0.8% of Olistico Wealth LLC’s holdings, making the stock its 27th biggest holding. Olistico Wealth LLC’s holdings in American Express were worth $1,412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in American Express by 5.5% in the 1st quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company’s stock valued at $183,037,000 after buying an additional 35,295 shares during the last quarter. Pinnacle Financial Partners Inc grew its position in shares of American Express by 1.4% in the 1st quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company’s stock valued at $45,243,000 after acquiring an additional 2,259 shares during the period. R Squared Ltd bought a new position in shares of American Express in the 1st quarter valued at about $509,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of American Express by 6.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,458 shares of the payment services company’s stock valued at $25,088,000 after acquiring an additional 5,693 shares during the period. Finally, Navis Wealth Advisors LLC grew its position in shares of American Express by 368.7% in the 1st quarter. Navis Wealth Advisors LLC now owns 3,548 shares of the payment services company’s stock valued at $955,000 after acquiring an additional 2,791 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup reissued a “neutral” rating and issued a $327.00 price objective (up previously from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. Barclays lifted their price objective on shares of American Express from $249.00 to $297.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Evercore ISI lifted their price objective on shares of American Express from $330.00 to $365.00 and gave the company an “in-line” rating in a research report on Tuesday. William Blair reissued an “outperform” rating on shares of American Express in a research report on Wednesday, July 2nd. Finally, Monness Crespi & Hardt downgraded shares of American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $319.95.

American Express Stock Performance

Shares of AXP stock opened at $330.10 on Friday. The company has a market capitalization of $229.71 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.75 and a beta of 1.29. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61. The company has a 50-day simple moving average of $320.01 and a 200 day simple moving average of $298.43. American Express Company has a 52 week low of $220.43 and a 52 week high of $349.19.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 18th. The payment services company reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.86 by $0.22. The firm had revenue of $17.86 billion during the quarter, compared to the consensus estimate of $17.70 billion. American Express had a net margin of 14.78% and a return on equity of 32.87%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.49 EPS. On average, sell-side analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. American Express’s payout ratio is currently 23.02%.

Insider Transactions at American Express

In other American Express news, insider Glenda G. Mcneal sold 50,000 shares of the business’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total value of $15,475,000.00. Following the completion of the sale, the insider owned 10,957 shares of the company’s stock, valued at $3,391,191.50. The trade was a 82.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the sale, the insider directly owned 123,613 shares of the company’s stock, valued at $40,343,574.81. This represents a 15.98% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 269,996 shares of company stock worth $85,261,270. Company insiders own 0.20% 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.