Traders Buy American Express (AXP) on Weakness

Investors bought shares of American Express Company (NYSE:AXP) on weakness during trading hours on Thursday. $64.51 million flowed into the stock on the tick-up and $41.82 million flowed out of the stock on the tick-down, for a money net flow of $22.69 million into the stock. Of all companies tracked, American Express had the 19th highest net in-flow for the day. American Express traded down ($0.49) for the day and closed at $100.73

Several analysts have recently issued reports on AXP shares. Credit Suisse Group reissued an “underperform” rating and issued a $84.00 price target (up previously from $79.00) on shares of American Express in a research report on Thursday, October 19th. ValuEngine lowered shares of American Express from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Bank of America reissued a “buy” rating and issued a $102.00 price target on shares of American Express in a research report on Monday, October 9th. Morgan Stanley boosted their price target on shares of American Express from $89.00 to $97.00 and gave the company an “equal weight” rating in a research report on Thursday, October 19th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $115.00 price target (up previously from $105.00) on shares of American Express in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $98.96.

The firm has a market cap of $87,640.00, a P/E ratio of 19.49, a P/E/G ratio of 1.45 and a beta of 1.22. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31.

American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.47 by $0.03. The company had revenue of $8.44 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 earnings per share. sell-side analysts anticipate that American Express Company will post 5.85 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.39%. American Express’s dividend payout ratio is presently 27.03%.

In other American Express news, insider Douglas E. Buckminster sold 88,930 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $98.87, for a total value of $8,792,509.10. Following the completion of the transaction, the insider now owns 152,507 shares of the company’s stock, valued at approximately $15,078,367.09. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider James Peter Bush sold 12,789 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the completion of the transaction, the insider now directly owns 92,504 shares of the company’s stock, valued at approximately $9,199,522.80. The disclosure for this sale can be found here. In the last three months, insiders sold 442,869 shares of company stock valued at $42,823,869. Corporate insiders own 0.67% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in AXP. First Command Bank grew its stake in American Express by 4.7% in the 2nd quarter. First Command Bank now owns 2,849 shares of the payment services company’s stock worth $240,000 after buying an additional 127 shares in the last quarter. BKD Wealth Advisors LLC boosted its stake in shares of American Express by 7.8% in the 2nd quarter. BKD Wealth Advisors LLC now owns 22,770 shares of the payment services company’s stock valued at $1,918,000 after purchasing an additional 1,657 shares in the last quarter. Country Club Trust Company n.a. boosted its stake in shares of American Express by 12.1% in the 2nd quarter. Country Club Trust Company n.a. now owns 7,433 shares of the payment services company’s stock valued at $626,000 after purchasing an additional 800 shares in the last quarter. City Holding Co. boosted its stake in shares of American Express by 2.7% in the 2nd quarter. City Holding Co. now owns 1,572 shares of the payment services company’s stock valued at $132,000 after purchasing an additional 41 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its stake in shares of American Express by 1.1% in the 2nd quarter. Capital Investment Advisors LLC now owns 6,419 shares of the payment services company’s stock valued at $541,000 after purchasing an additional 67 shares in the last quarter. 83.35% of the stock is owned by institutional investors and hedge funds.

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About American Express

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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