American Express (NYSE:AXP) Shares Bought by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lifted its stake in shares of American Express (NYSE:AXP) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,324 shares of the payment services company’s stock after buying an additional 648 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in American Express were worth $30,072,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Auxier Asset Management boosted its holdings in shares of 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 period. Abel Hall LLC boosted its stake in American Express by 3.6% during the 3rd quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock worth $274,000 after purchasing an additional 35 shares during the period. Sunflower Bank N.A. grew its position in American Express by 0.9% during the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock worth $1,203,000 after purchasing an additional 35 shares during the last quarter. Sovereign Financial Group Inc. increased its stake 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 valued at $398,000 after purchasing an additional 38 shares during the period. Finally, Lmcg Investments LLC boosted its stake in shares of American Express by 2.0% during 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 during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity

In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the transaction, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This represents a 10.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of recent research reports. Wells Fargo & Company lifted their target price on American Express from $300.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Barclays boosted their price objective on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Morgan Stanley raised their target price on shares of American Express from $252.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 19th. StockNews.com upgraded shares of American Express from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. Finally, HSBC downgraded shares of American Express from a “buy” rating to a “hold” rating and raised their price objective for the company from $265.00 to $270.00 in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $278.09.

American Express Stock Up 1.4 %

AXP opened at $322.48 on Thursday. The business’s fifty day simple moving average is $300.24 and its 200 day simple moving average is $273.36. American Express has a 52 week low of $184.81 and a 52 week high of $322.82. The firm has a market cap of $227.17 billion, a P/E ratio of 23.73, a PEG ratio of 1.47 and a beta of 1.23. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.87%. American Express’s dividend payout ratio (DPR) is presently 20.60%.

American Express Company 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.