American Express Company Sees Unusually High Options Volume (AXP)
Shares of American Express Company (NYSE:AXP) were the target of some unusual options trading activity on Wednesday. Investors acquired 8,198 call options on the stock, Analyst Ratings Network reports. This is an increase of approximately 129% compared to the average volume of 3,583 call options.
In other American Express Company news, Insider Edward P. Gilligan sold 357,142 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $86.24, for a total transaction of $30,799,926.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Macquarie upgraded shares of American Express Company from an “underperform” rating to a “neutral” rating in a research note on Tuesday. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $95.67.
American Express Company (NYSE:AXP) traded up 0.42% during mid-day trading on Wednesday, hitting $88.49. The stock had a trading volume of 3,142,867 shares. American Express Company has a 52-week low of $71.47 and a 52-week high of $96.24. The stock’s 50-day moving average is $91.17 and its 200-day moving average is $90.26. The company has a market cap of $93.091 billion and a price-to-earnings ratio of 16.86.
American Express Company (NYSE:AXP) last posted its quarterly earnings results 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. On average, analysts predict that American Express Company will post $5.50 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, November 10th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, October 1st.
American Express Company (NYSE:AXP) is a global service company.
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