Insider Selling: American Express Company (AXP) Insider Sells 30,761 Shares of Stock
American Express Company (NYSE:AXP) insider Anre D. Williams sold 30,761 shares of American Express stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $93.41, for a total value of $2,873,385.01. Following the completion of the sale, the insider now directly owns 28,720 shares of the company’s stock, valued at approximately $2,682,735.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of American Express Company (NYSE AXP) traded up 0.06% during mid-day trading on Friday, reaching $95.75. The company’s stock had a trading volume of 1,718,364 shares. The company has a market cap of $84.64 billion, a PE ratio of 19.64 and a beta of 1.21. American Express Company has a 52-week low of $65.03 and a 52-week high of $95.95. The company has a 50-day moving average price of $89.73 and a 200 day moving average price of $83.92.
American Express (NYSE:AXP) last posted its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.03. The business had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the company earned $1.24 EPS. Equities analysts expect that American Express Company will post $5.85 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.46%. This is a positive change from American Express’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, October 5th. American Express’s dividend payout ratio (DPR) is presently 26.97%.
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AXP has been the subject of a number of recent analyst reports. BidaskClub raised American Express from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Barclays PLC reaffirmed a “buy” rating and set a $83.00 target price on shares of American Express in a report on Thursday, July 20th. Guggenheim reaffirmed a “buy” rating and set a $95.00 target price (up previously from $90.00) on shares of American Express in a report on Saturday, July 22nd. Keefe, Bruyette & Woods set a $95.00 target price on American Express and gave the company a “buy” rating in a report on Saturday, August 19th. Finally, Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company’s stock. American Express has a consensus rating of “Hold” and an average price target of $91.04.
Several large investors have recently bought and sold shares of AXP. MCF Advisors LLC lifted its stake in shares of American Express by 0.3% in the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock valued at $108,000 after purchasing an additional 4 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of American Express by 30.4% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock valued at $109,000 after purchasing an additional 300 shares during the last quarter. Capital Analysts LLC bought a new stake in shares of American Express in the 2nd quarter valued at approximately $115,000. SRS Capital Advisors Inc. lifted its stake in shares of American Express by 10.3% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company’s stock valued at $116,000 after purchasing an additional 138 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in shares of American Express by 36.7% in the 1st quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock valued at $119,000 after purchasing an additional 410 shares during the last quarter. 82.93% of the stock is owned by institutional investors and hedge funds.
About American Express
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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