American Express Company (NYSE:AXP) insider James Peter Bush sold 13,548 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $97.60, for a total value of $1,322,284.80. Following the completion of the sale, the insider now directly owns 90,052 shares of the company’s stock, valued at approximately $8,789,075.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

James Peter Bush also recently made the following trade(s):

  • On Monday, October 2nd, James Peter Bush sold 10,230 shares of American Express stock. The stock was sold at an average price of $90.55, for a total value of $926,326.50.

Shares of American Express Company (AXP) traded up $0.73 during trading on Monday, hitting $98.59. The company had a trading volume of 4,562,372 shares, compared to its average volume of 3,601,786. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $85,650.00, a P/E ratio of 18.75, a PEG ratio of 1.63 and a beta of 1.22. American Express Company has a one year low of $71.99 and a one year high of $99.17.

American Express (NYSE:AXP) last announced its earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. The company had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share. equities analysts predict that American Express Company will post 5.86 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.42%. American Express’s dividend payout ratio is presently 27.03%.

A number of institutional investors and hedge funds have recently bought and sold shares of AXP. O Shaughnessy Asset Management LLC raised its holdings in American Express by 45.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 831,873 shares of the payment services company’s stock worth $65,809,000 after purchasing an additional 260,683 shares in the last quarter. Gardner Russo & Gardner LLC raised its holdings in American Express by 1.5% in the first quarter. Gardner Russo & Gardner LLC now owns 160,993 shares of the payment services company’s stock worth $12,736,000 after purchasing an additional 2,360 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in American Express by 439.2% in the first quarter. Rafferty Asset Management LLC now owns 217,446 shares of the payment services company’s stock worth $17,202,000 after purchasing an additional 177,116 shares in the last quarter. Credit Agricole S A raised its holdings in American Express by 21.4% in the first quarter. Credit Agricole S A now owns 956,631 shares of the payment services company’s stock worth $75,679,000 after purchasing an additional 168,699 shares in the last quarter. Finally, United Services Automobile Association grew its stake in shares of American Express by 9.3% in the first quarter. United Services Automobile Association now owns 1,393,925 shares of the payment services company’s stock worth $110,273,000 after acquiring an additional 118,340 shares during the last quarter. Institutional investors and hedge funds own 83.35% of the company’s stock.

Several analysts have weighed in on the company. ValuEngine downgraded American Express from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Wednesday, November 1st. Atlantic Securities upgraded American Express from an “underweight” rating to a “neutral” rating and set a $100.00 price objective for the company in a research report on Tuesday, October 24th. Jefferies Group boosted their price objective on American Express from $64.75 to $93.35 and gave the company a “hold” rating in a research report on Friday, October 20th. Finally, Royal Bank Of Canada boosted their price objective on American Express to $68.00 and gave the company an “underperform” rating in a research report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $91.56.

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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).

Insider Buying and Selling by Quarter for American Express (NYSE:AXP)

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