Moloney Securities Asset Management LLC Sells 100 Shares of American Express (NYSE:AXP)

Moloney Securities Asset Management LLC reduced its stake in American Express (NYSE:AXP) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,798 shares of the payment services company’s stock after selling 100 shares during the period. Moloney Securities Asset Management LLC’s holdings in American Express were worth $1,301,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AXP. DHJJ Financial Advisors Ltd. grew its holdings in American Express by 42.2% in the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after purchasing an additional 49 shares during the period. POM Investment Strategies LLC purchased a new stake in American Express in the second quarter worth about $42,000. Founders Capital Management purchased a new stake in shares of American Express during the second quarter valued at approximately $46,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of American Express during the third quarter valued at approximately $46,000. Finally, Beacon Capital Management LLC grew its holdings in shares of American Express by 162.1% during the first quarter. Beacon Capital Management LLC now owns 228 shares of the payment services company’s stock valued at $52,000 after buying an additional 141 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Stock Up 2.2 %

AXP opened at $276.08 on Wednesday. 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 1-year low of $151.51 and a 1-year high of $286.36. The company has a market capitalization of $194.48 billion, a PE ratio of 20.31, a PEG ratio of 1.48 and a beta of 1.21. The firm’s 50 day simple moving average is $266.76 and its two-hundred day simple moving average is $248.34.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.27 by $0.22. The firm had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $3.30 EPS. As a group, equities analysts forecast that American Express will post 13.41 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, October 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.01%. American Express’s payout ratio is 20.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Monness Crespi & Hardt increased their price target on shares of American Express from $265.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 14th. Royal Bank of Canada increased their price target on shares of American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. The Goldman Sachs Group increased their price target on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 7th. TD Cowen increased their price target on shares of American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Finally, BTIG Research cut shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price target on the stock. in a report on Tuesday, October 8th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $253.09.

Insider Activity

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 109,691 shares in the company, valued at $29,724,067.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction 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 sale, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction 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 in the company, valued at approximately $30,176,150.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

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.