Insider Selling: James Peter Bush Sells 86,812 Shares of American Express Company Stock (AXP)
American Express Company (NYSE:AXP) EVP James Peter Bush sold 86,812 shares of the stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $89.22, for a total transaction of $7,745,366.64. Following the transaction, the executive vice president now directly owns 57,476 shares in the company, valued at approximately $5,128,009. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of American Express Company (NYSE:AXP) traded up 0.19% during mid-day trading on Tuesday, hitting $89.72. 3,592,108 shares of the company’s stock traded hands. American Express Company has a one year low of $72.08 and a one year high of $96.24. The stock’s 50-day moving average is $89.85 and its 200-day moving average is $90.45. The company has a market cap of $94.385 billion and a P/E ratio of 17.13.
American Express Company (NYSE:AXP) last posted its quarterly 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. 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. Stockholders 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 1.16%. The ex-dividend date of this dividend is Wednesday, October 1st.
AXP has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. American Express Company currently has an average rating of “Hold” and an average target price of $95.67.
American Express Company (NYSE:AXP) is a global service company.
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