Traders Sell American Express (AXP) on Strength (AXP)

Investors sold shares of American Express Company (NYSE:AXP) on strength during trading on Wednesday. $44.96 million flowed into the stock on the tick-up and $80.90 million flowed out of the stock on the tick-down, for a money net flow of $35.94 million out of the stock. Of all equities tracked, American Express had the 0th highest net out-flow for the day. American Express traded up $0.56 for the day and closed at $99.13

Several brokerages have issued reports on AXP. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $116.00 target price on shares of American Express in a report on Friday, December 22nd. Bank of America set a $128.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Monday, December 18th. ValuEngine lowered shares of American Express from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Wednesday, November 1st. Finally, Atlantic Securities upgraded shares of American Express from an “underweight” rating to a “neutral” rating and set a $100.00 price target for the company in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. American Express presently has a consensus rating of “Hold” and a consensus price target of $94.04.

The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31. The company has a market cap of $86,044.46, a price-to-earnings ratio of 19.21, a P/E/G ratio of 1.65 and a beta of 1.22.

American Express (NYSE:AXP) last released its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. The company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. American Express’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. research analysts expect that American Express Company will post 5.86 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, January 4th. American Express’s payout ratio is 26.97%.

In other news, insider Susan Sobbott sold 5,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $94.34, for a total value of $518,870.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kenneth I. Chenault sold 96,440 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $97.30, for a total transaction of $9,383,612.00. Following the completion of the transaction, the chief executive officer now owns 1,178,333 shares in the company, valued at $114,651,800.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 440,310 shares of company stock worth $42,478,329. 0.67% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of American Express by 30.4% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock valued at $109,000 after purchasing an additional 300 shares during the last quarter. Capital Analysts LLC purchased a new position in shares of American Express in the 2nd quarter valued at approximately $115,000. Zions Bancorporation raised its position in shares of American Express by 912.9% in the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock valued at $121,000 after purchasing an additional 1,205 shares during the last quarter. MV Capital Management Inc. raised its position in shares of American Express by 3.5% in the 2nd quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock valued at $122,000 after purchasing an additional 49 shares during the last quarter. Finally, Westside Investment Management Inc. raised its position in shares of American Express by 0.5% in the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock valued at $129,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 83.35% of the company’s stock.

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American Express Company Profile

American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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