Insider Selling: Louise Parent Sells 130,000 Shares of American Express Stock (AXP)
American Express (NYSE:AXP) EVP Louise Parent sold 130,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $79.64, for a total value of $10,353,200.00. Following the completion of the transaction, the executive vice president now directly owns 85,472 shares in the company, valued at approximately $6,806,990. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on AXP shares. Analysts at Zacks reiterated a “neutral” rating on shares of American Express in a research note to investors on Thursday. They now have a $80.00 price target on the stock. Separately, analysts at Sandler O’Neill raised their price target on shares of American Express from $78.00 to $80.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of American Express from $61.00 to $65.00 in a research note to investors on Thursday. They now have an “underperform” rating on the stock. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $75.36.
American Express (NYSE:AXP) traded up 0.36% on Friday, hitting $80.52. The stock had a trading volume of 7,598,375 shares. American Express has a 1-year low of $53.02 and a 1-year high of $80.68. The stock has a 50-day moving average of $75.27 and a 200-day moving average of $73.4. The company has a market cap of $87.767 billion and a price-to-earnings ratio of 19.69.
American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $1.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.22 by $0.03. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.22 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that American Express will post $4.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 8th. Shareholders of record on Friday, October 4th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, October 2nd.
American Express Company (NYSE:AXP) is a global service company.
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