American Express (NYSE:AXP) insider James Peter Bush sold 13,356 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the transaction, the insider now directly owns 100,790 shares in the company, valued at approximately $9,942,933.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
James Peter Bush also recently made the following trade(s):
- On Tuesday, January 2nd, James Peter Bush sold 12,789 shares of American Express stock. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05.
- On Friday, December 1st, James Peter Bush sold 13,548 shares of American Express stock. The shares were sold at an average price of $97.60, for a total value of $1,322,284.80.
Shares of American Express (NYSE AXP) traded up $2.98 during midday trading on Monday, hitting $94.70. The company had a trading volume of 7,420,000 shares, compared to its average volume of 4,160,000. The company has a quick ratio of 1.90, a current ratio of 2.37 and a debt-to-equity ratio of 3.11. American Express has a 1 year low of $75.51 and a 1 year high of $102.39. The stock has a market cap of $82,200.00, a PE ratio of 31.67, a P/E/G ratio of 1.26 and a beta of 1.19.
American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.04. American Express had a return on equity of 26.07% and a net margin of 8.08%. The company had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period last year, the business posted $0.91 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. analysts predict that American Express will post 7.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 5th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Thursday, January 4th. American Express’s dividend payout ratio (DPR) is presently 46.82%.
A number of institutional investors have recently added to or reduced their stakes in AXP. Vanguard Group Inc. raised its stake in shares of American Express by 1.5% in the second quarter. Vanguard Group Inc. now owns 50,233,957 shares of the payment services company’s stock worth $4,231,710,000 after purchasing an additional 731,428 shares during the last quarter. BlackRock Inc. raised its stake in shares of American Express by 1.1% in the second quarter. BlackRock Inc. now owns 44,685,897 shares of the payment services company’s stock worth $3,764,339,000 after purchasing an additional 508,030 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of American Express by 0.6% in the second quarter. First Eagle Investment Management LLC now owns 16,342,822 shares of the payment services company’s stock worth $1,376,719,000 after purchasing an additional 103,546 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of American Express by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 11,872,530 shares of the payment services company’s stock worth $1,179,061,000 after purchasing an additional 325,140 shares during the last quarter. Finally, Veritas Asset Management LLP raised its stake in shares of American Express by 7.1% in the third quarter. Veritas Asset Management LLP now owns 11,039,153 shares of the payment services company’s stock worth $998,602,000 after purchasing an additional 735,952 shares during the last quarter. Institutional investors own 83.37% of the company’s stock.
Several equities analysts have commented on AXP shares. Barclays upped their price objective on American Express from $112.00 to $119.00 in a research report on Friday, January 19th. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Wednesday, November 1st. Oppenheimer set a $99.00 price target on American Express and gave the stock a “buy” rating in a research report on Thursday, October 19th. Bank of America increased their price target on American Express from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $116.00 price target on shares of American Express in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. American Express currently has a consensus rating of “Hold” and a consensus price target of $102.68.
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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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