American Express Company (NYSE:AXP) EVP Michael John O’neill sold 43,741 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $98.85, for a total value of $4,323,797.85. Following the transaction, the executive vice president now directly owns 43,731 shares in the company, valued at $4,322,809.35. The sale was disclosed in a filing with the SEC, which is available through this link.

American Express Company (AXP) traded down $1.59 during trading on Wednesday, reaching $97.78. The company’s stock had a trading volume of 3,463,490 shares, compared to its average volume of 3,594,178. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31. The stock has a market cap of $85,931.63, a P/E ratio of 18.97, a PEG ratio of 1.65 and a beta of 1.22. American Express Company has a twelve month low of $73.24 and a twelve month high of $99.75.

American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The business had revenue of $8.44 billion for 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 company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 EPS. analysts expect that American Express Company will post 5.86 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be paid a $0.35 dividend. 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 1.43%. American Express’s payout ratio is 26.97%.

Institutional investors and hedge funds have recently modified their holdings of the company. Matthew Goff Investment Advisor LLC purchased a new stake in shares of American Express in the first quarter worth about $2,543,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of American Express by 10.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,669 shares of the payment services company’s stock worth $478,000 after buying an additional 554 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of American Express by 1.5% in the first quarter. Vanguard Group Inc. now owns 49,502,529 shares of the payment services company’s stock worth $3,916,145,000 after buying an additional 722,235 shares during the last quarter. Shelton Capital Management purchased a new stake in shares of American Express in the second quarter worth about $670,000. Finally, Rothschild Asset Management Inc. boosted its stake in shares of American Express by 19.5% in the first quarter. Rothschild Asset Management Inc. now owns 641,409 shares of the payment services company’s stock worth $50,742,000 after buying an additional 104,647 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

Several brokerages recently issued reports on AXP. Bank of America upped their target price on American Express from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Barclays set a $93.00 target price on American Express and gave the company a “hold” rating in a research report on Thursday, October 19th. Jefferies Group reaffirmed an “in-line” rating and set a $93.00 target price (up from $85.00) on shares of American Express in a research report on Thursday, October 19th. Buckingham Research began coverage on American Express in a research report on Monday, October 2nd. They set a “neutral” rating and a $92.00 target price on the stock. Finally, Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. American Express currently has a consensus rating of “Hold” and an average price target of $91.56.

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American Express Company Profile

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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