American Express Company $AXP Shares Sold by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC cut its stake in shares of American Express Company (NYSE:AXP) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,587 shares of the payment services company’s stock after selling 463 shares during the period. American Express accounts for 3.5% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 6th largest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in American Express were worth $21,240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Capital Asset Advisory Services LLC raised its position in shares of 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 buying an additional 32 shares in the last quarter. Financial Engines Advisors L.L.C. raised its position in shares of American Express by 4.7% in 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 buying an additional 35 shares in the last quarter. Modern Wealth Management LLC raised its position in shares of American Express by 0.7% in 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 buying an additional 35 shares in the last quarter. Greenfield Savings Bank raised its position in shares of American Express by 0.3% in the second quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company’s stock valued at $4,184,000 after buying an additional 35 shares in the last quarter. Finally, Tyler Stone Wealth Management raised its position in shares of American Express by 4.8% in the first quarter. Tyler Stone Wealth Management now owns 792 shares of the payment services company’s stock valued at $213,000 after buying an additional 36 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Express

In other news, insider Anna Marrs sold 5,500 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the transaction, the insider owned 20,311 shares in the company, valued at approximately $6,312,049.47. This represents a 21.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Glenda G. Mcneal sold 50,000 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the transaction, the insider owned 10,957 shares in the company, valued at $3,391,191.50. This represents a 82.03% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent analyst reports. DZ Bank cut shares of American Express from a “hold” rating to a “sell” rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of American Express from $371.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Monness Crespi & Hardt cut shares of American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of American Express from $260.00 to $342.00 and gave the stock a “neutral” rating in a research note on Friday, July 11th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $313.45.

American Express Stock Performance

Shares of American Express stock opened at $325.48 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 1.80. American Express Company has a twelve month low of $220.43 and a twelve month high of $332.46. The stock has a market cap of $226.50 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 1.72 and a beta of 1.28. The company’s fifty day moving average is $313.29 and its 200 day moving average is $291.89.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 18th. The payment services company reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.86 by $0.22. The company had revenue of $17.86 billion for the quarter, compared to analysts’ expectations of $17.70 billion. American Express had a net margin of 14.78% and a return on equity of 32.87%. American Express’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.49 earnings per share. 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 was paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. American Express’s dividend payout ratio is 23.02%.

American Express 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.