American Express (NYSE:AXP) Shares Sold by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC lessened its holdings in shares of American Express (NYSE:AXP) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,653 shares of the payment services company’s stock after selling 2,215 shares during the quarter. American Express accounts for approximately 3.4% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 5th largest holding. Allen Mooney & Barnes Investment Advisors LLC’s holdings in American Express were worth $20,375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in shares of American Express by 0.8% during the third quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock worth $3,104,735,000 after acquiring an additional 86,100 shares during the period. FMR LLC increased its holdings in American Express by 8.5% during the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after purchasing an additional 866,110 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of American Express by 5.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock valued at $1,249,415,000 after purchasing an additional 239,173 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of American Express by 0.8% in the third quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock valued at $1,074,168,000 after purchasing an additional 33,193 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of American Express by 12.7% during the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after buying an additional 247,864 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was 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 $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the sale, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This trade represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,998 shares of company stock valued at $26,423,439 in the last three months. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Truist Financial initiated coverage on American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 target price on the stock. 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. StockNews.com raised shares of American Express from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America lifted their price target on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Finally, UBS Group boosted their price target on shares of American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $278.09.

American Express Stock Performance

Shares of AXP stock opened at $300.23 on Wednesday. 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 has a 52 week low of $177.81 and a 52 week high of $307.82. The firm has a 50 day moving average of $297.91 and a 200-day moving average of $270.60. The company has a market cap of $211.50 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. American Express had a return on equity of 32.46% and a net margin of 15.32%. The business had revenue of $16.64 billion for the quarter, compared to the consensus estimate of $16.68 billion. During the same period in the prior year, the business earned $3.30 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts forecast that American Express will post 13.4 earnings per share for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Friday, January 3rd. 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.