Cyndeo Wealth Partners LLC Acquires 99 Shares of American Express (NYSE:AXP)

Cyndeo Wealth Partners LLC increased its position in American Express (NYSE:AXP) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,383 shares of the payment services company’s stock after buying an additional 99 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in American Express were worth $707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. 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 lifted its holdings in shares of American Express by 3.6% during the third quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after purchasing an additional 35 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in American Express by 0.9% in the fourth quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock valued at $1,203,000 after acquiring an additional 35 shares during the period. Sovereign Financial Group Inc. increased its position in American Express by 2.7% in the third quarter. Sovereign Financial Group Inc. now owns 1,467 shares of the payment services company’s stock worth $398,000 after buying an additional 38 shares in the last quarter. Finally, Lmcg Investments LLC increased its position in American Express by 2.0% in the fourth quarter. Lmcg Investments LLC now owns 1,988 shares of the payment services company’s stock worth $590,000 after buying an additional 39 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 $29,724,067.18. This trade represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AXP has been the subject of several research analyst reports. The Goldman Sachs Group increased their target price on American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. TD Cowen raised their price target on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. UBS Group boosted their price target on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Finally, Wells Fargo & Company boosted their price target on American Express from $300.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $281.00.

American Express Trading Down 1.5 %

Shares of American Express stock opened at $320.87 on Friday. American Express has a 52-week low of $186.43 and a 52-week high of $326.27. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. The company’s 50-day simple moving average is $302.35 and its 200-day simple moving average is $274.66. The firm has a market cap of $226.04 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. As a group, equities research analysts anticipate that American Express will post 13.4 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed 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. This represents a $2.80 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio is currently 20.60%.

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.