Insider Selling: American Express (AXP) Insider Sells 13,356 Shares of Stock

American Express (NYSE:AXP) insider James Peter Bush sold 13,356 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the sale, the insider now directly owns 100,790 shares in the company, valued at approximately $9,942,933.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Tuesday, January 2nd, James Peter Bush sold 12,789 shares of American Express stock. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05.
  • On Friday, December 1st, James Peter Bush sold 13,548 shares of American Express stock. The shares were sold at an average price of $97.60, for a total value of $1,322,284.80.

Shares of American Express (AXP) traded down $4.67 on Monday, hitting $92.01. The stock had a trading volume of 6,360,000 shares, compared to its average volume of 3,500,000. American Express has a one year low of $75.51 and a one year high of $102.39. The company has a market cap of $79,860.00, a PE ratio of 30.77, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19. The company has a quick ratio of 1.90, a current ratio of 2.37 and a debt-to-equity ratio of 3.11.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.04. American Express had a return on equity of 26.07% and a net margin of 8.08%. The company had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the prior year, the company earned $0.91 EPS. American Express’s revenue was up 10.2% compared to the same quarter last year. research analysts anticipate that American Express will post 7.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, January 4th. American Express’s dividend payout ratio is currently 46.82%.

A number of equities research analysts have weighed in on AXP shares. Credit Suisse Group reaffirmed an “underperform” rating and issued a $84.00 target price (up previously from $79.00) on shares of American Express in a report on Thursday, October 19th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $115.00 target price (up previously from $105.00) on shares of American Express in a report on Tuesday, January 9th. ValuEngine downgraded American Express from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Bank of America reaffirmed a “buy” rating and issued a $102.00 target price on shares of American Express in a report on Monday, October 9th. Finally, Barclays raised their target price on American Express from $112.00 to $119.00 in a report on Friday, January 19th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $101.56.

A number of large investors have recently made changes to their positions in AXP. Beach Investment Management LLC. bought a new position in American Express during the 2nd quarter worth $678,000. Convergence Investment Partners LLC bought a new position in American Express during the 2nd quarter worth $207,000. Bingham Osborn & Scarborough LLC bought a new position in American Express during the 2nd quarter worth $203,000. Advisors Asset Management Inc. raised its position in American Express by 23.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 136,425 shares of the payment services company’s stock worth $11,492,000 after purchasing an additional 25,664 shares during the last quarter. Finally, Accredited Investors Inc. raised its position in American Express by 3.2% during the 2nd quarter. Accredited Investors Inc. now owns 3,277 shares of the payment services company’s stock worth $276,000 after purchasing an additional 103 shares during the last quarter. 83.56% of the stock is owned by institutional investors and hedge funds.

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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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