American Express Company Insider Sells $3,731,229 in Stock (AXP)
American Express Company (NYSE:AXP) Insider Susan Sobbott unloaded 41,844 shares of the stock on the open market in a transaction dated Thursday, August 28th. The stock was sold at an average price of $89.17, for a total value of $3,731,229.48. Following the transaction, the insider now directly owns 25,254 shares of the company’s stock, valued at approximately $2,251,899. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
American Express Company (NYSE:AXP) traded up 0.19% during mid-day trading on Tuesday, hitting $89.72. The stock had a trading volume of 3,592,108 shares. American Express Company has a 52 week low of $72.08 and a 52 week high of $96.24. The stock has a 50-day moving average of $89.85 and a 200-day moving average of $90.45. The company has a market cap of $94.385 billion and a price-to-earnings ratio of 17.13.
American Express Company (NYSE:AXP) last announced its earnings results on Tuesday, July 29th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that American Express Company will post $5.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 10th. Investors 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 1.16%. The ex-dividend date is Wednesday, October 1st.
A number of analysts have recently weighed in on AXP shares. Analysts at Macquarie upgraded shares of American Express Company from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 19th. 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 given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $95.67.
American Express Company (NYSE:AXP) is a global service company.
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