Insider Selling: Daniel H. Schulman Unloads 77,466 Shares of American Express Stock (AXP)
American Express (NYSE:AXP) Insider Daniel H. Schulman sold 77,466 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $85.20, for a total value of $6,600,103.20. Following the sale, the insider now directly owns 49,686 shares of the company’s stock, valued at approximately $4,233,247. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of American Express (NYSE:AXP) traded up 1.53% on Friday, hitting $87.00. 4,526,593 shares of the company’s stock traded hands. American Express has a one year low of $61.14 and a one year high of $93.62. The stock’s 50-day moving average is $87.8 and its 200-day moving average is $80.61. The company has a market cap of $92.829 billion and a P/E ratio of 17.56.
American Express (NYSE:AXP) last released its earnings data on Wednesday, January 15th. The company reported $1.25 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.25. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter last year, the company posted $1.09 earnings per share. American Express’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that American Express will post $5.45 earnings per share for the current fiscal year.
AXP has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of American Express in a research note to investors on Friday. Separately, analysts at Janney Montgomery Scott upgraded shares of American Express from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. They now have a $99.00 price target on the stock, up previously from $91.00. Finally, analysts at Argus raised their price target on shares of American Express from $90.00 to $100.00 in a research note to investors on Thursday, January 23rd. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $83.76.
American Express Company (NYSE:AXP) is a global service company.
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