Kellett Wealth Advisors LLC Invests $216,000 in American Express (NYSE:AXP)

Kellett Wealth Advisors LLC bought a new stake in American Express (NYSE:AXP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 729 shares of the payment services company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Advisor OS LLC grew its position in American Express by 64.8% during the 4th quarter. Advisor OS LLC now owns 5,323 shares of the payment services company’s stock worth $1,580,000 after purchasing an additional 2,094 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new stake in American Express in the 4th quarter valued at $12,000,000. Longbow Finance SA increased its stake in shares of American Express by 5.0% during the fourth quarter. Longbow Finance SA now owns 23,144 shares of the payment services company’s stock worth $6,869,000 after purchasing an additional 1,096 shares in the last quarter. Todd Asset Management LLC raised its holdings in shares of American Express by 58.2% during the fourth quarter. Todd Asset Management LLC now owns 240,070 shares of the payment services company’s stock valued at $71,250,000 after acquiring an additional 88,303 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new stake in shares of American Express in the fourth quarter valued at approximately $403,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Transactions at American Express

In related news, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the transaction, the insider now owns 13,500 shares in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Raymond Joabar sold 15,179 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the sale, the insider now owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

American Express Trading Down 0.8 %

Shares of American Express stock opened at $293.12 on Wednesday. The firm has a market cap of $205.93 billion, a PE ratio of 20.92, a P/E/G ratio of 1.41 and a beta of 1.24. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express has a fifty-two week low of $213.25 and a fifty-two week high of $326.27. The business’s fifty day moving average is $307.21 and its two-hundred day moving average is $285.86.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Analysts anticipate that American Express will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, January 3rd. American Express’s dividend payout ratio (DPR) is presently 19.99%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup increased their price objective on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. HSBC upped their price target on American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a report on Friday, January 24th. UBS Group upped their price objective on shares of American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. raised their target price on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Finally, Truist Financial started coverage on shares of American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $296.38.

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.