American Express Company Insider Unloads $30,799,926 in Stock (AXP)
American Express Company (NYSE:AXP) Insider Edward P. Gilligan sold 357,142 shares of American Express Company stock on the open market in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $86.24, for a total value of $30,799,926.08. Following the completion of the sale, the insider now directly owns 147,058 shares in the company, valued at approximately $12,682,282. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of American Express Company (NYSE:AXP) traded up 1.69% during mid-day trading on Friday, hitting $87.47. 4,206,909 shares of the company’s stock traded hands. American Express Company has a one year low of $71.47 and a one year high of $96.24. The stock has a 50-day moving average of $92.89 and a 200-day moving average of $90.29. The company has a market cap of $92.018 billion and a price-to-earnings ratio of 16.45.
American Express Company (NYSE:AXP) last released its earnings data on Tuesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.05. The company had revenue of $8.66 billion for the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that American Express Company will post $5.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 10th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Wednesday, October 1st.
A number of research firms have recently commented on AXP. Analysts at Macquarie reiterated an “underperform” rating on shares of American Express Company in a research note on Wednesday, July 30th. They now have a $91.00 price target on the stock, down previously from $92.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of American Express Company in a research note on Wednesday, July 30th. They now have a $96.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of American Express Company from $77.00 to $79.00 in a research note on Wednesday, July 30th. They now have an “underperform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight 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 $95.42.
American Express Company (NYSE:AXP) is a global service company.
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