Moloney Securities Asset Management LLC Sells 101 Shares of American Express Company $AXP

Moloney Securities Asset Management LLC lowered its stake in shares of American Express Company (NYSE:AXP) by 2.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,133 shares of the payment services company’s stock after selling 101 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in American Express were worth $1,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital Asset Advisory Services LLC boosted its stake in American Express by 2.8% in the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company’s stock valued at $384,000 after acquiring an additional 32 shares in the last quarter. DLK Investment Management LLC increased its holdings in shares of American Express by 3.8% during the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company’s stock valued at $277,000 after acquiring an additional 32 shares in the last quarter. Financial Engines Advisors L.L.C. increased its holdings in shares of American Express by 4.7% during the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company’s stock valued at $208,000 after acquiring an additional 35 shares in the last quarter. Modern Wealth Management LLC increased its holdings in shares of American Express by 0.7% during the first quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company’s stock valued at $1,324,000 after acquiring an additional 35 shares in the last quarter. Finally, Greenfield Savings Bank increased its holdings in shares of American Express by 0.3% during the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock valued at $4,184,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AXP. BTIG Research upped their price objective on shares of American Express from $277.00 to $307.00 and gave the company a “sell” rating in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st. Truist Financial upped their price objective on shares of American Express from $375.00 to $395.00 and gave the company a “buy” rating in a report on Monday. Compass Point restated a “neutral” rating and set a $324.00 price objective on shares of American Express in a report on Monday. Finally, Citigroup reiterated a “neutral” rating and issued a $327.00 price target (up previously from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Nine analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $332.65.

American Express Price Performance

Shares of NYSE:AXP opened at $357.29 on Friday. American Express Company has a twelve month low of $220.43 and a twelve month high of $362.32. The company’s 50 day moving average is $330.62 and its 200 day moving average is $305.87. The company has a current ratio of 1.61, a quick ratio of 1.69 and a debt-to-equity ratio of 1.78. The company has a market cap of $246.12 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. American Express’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, sell-side analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s dividend payout ratio (DPR) is currently 22.01%.

Insider Activity at American Express

In related news, insider Denise Pickett sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the sale, the insider owned 7,726 shares in the company, valued at approximately $2,709,739.98. This trade represents a 39.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laureen Seeger sold 16,998 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total transaction of $5,011,520.34. Following the sale, the insider owned 9,001 shares in the company, valued at approximately $2,653,764.83. This represents a 65.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 277,511 shares of company stock valued at $87,909,279 in the last quarter. 0.20% of the stock is currently owned by insiders.

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.