Traders Sell American Express (AXP) on Strength (AXP)

Investors sold shares of American Express (NYSE:AXP) on strength during trading hours on Thursday. $149.00 million flowed into the stock on the tick-up and $224.92 million flowed out of the stock on the tick-down, for a money net flow of $75.92 million out of the stock. Of all companies tracked, American Express had the 0th highest net out-flow for the day. American Express traded up $0.61 for the day and closed at $108.25

A number of research analysts have recently issued reports on AXP shares. Morgan Stanley boosted their price target on shares of American Express from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, October 19th. Stephens set a $131.00 target price on shares of American Express and gave the stock a “buy” rating in a research report on Saturday, October 20th. Barclays upped their target price on shares of American Express from $113.00 to $115.00 and gave the stock a “hold” rating in a research report on Friday, October 19th. Oppenheimer restated a “buy” rating and set a $114.00 target price on shares of American Express in a research report on Thursday, October 18th. Finally, Bank of America set a $125.00 target price on shares of American Express and gave the stock a “buy” rating in a research report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $112.70.

The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market capitalization of $91.95 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.39 and a beta of 1.06.



American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, October 18th. The payment services company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. American Express had a net margin of 9.51% and a return on equity of 31.26%. The company had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, research analysts forecast that American Express will post 7.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Friday, January 4th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, January 3rd. American Express’s dividend payout ratio (DPR) is presently 26.58%.

In other American Express news, Chairman Stephen J. Squeri sold 12,500 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $103.84, for a total value of $1,298,000.00. Following the sale, the chairman now owns 209,957 shares of the company’s stock, valued at $21,801,934.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc D. Gordon sold 25,948 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $107.83, for a total transaction of $2,797,972.84. Following the completion of the sale, the insider now directly owns 33,111 shares in the company, valued at approximately $3,570,359.13. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ancora Advisors LLC purchased a new stake in shares of American Express in the third quarter valued at about $106,000. Lenox Wealth Advisors LLC lifted its holdings in shares of American Express by 1,173.8% in the third quarter. Lenox Wealth Advisors LLC now owns 1,070 shares of the payment services company’s stock valued at $114,000 after purchasing an additional 986 shares in the last quarter. Tuttle Tactical Management purchased a new stake in shares of American Express in the second quarter valued at about $105,000. Sageworth Trust Co lifted its holdings in shares of American Express by 455.6% in the third quarter. Sageworth Trust Co now owns 1,250 shares of the payment services company’s stock valued at $133,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its stake in shares of American Express by 67.7% during the third quarter. Westside Investment Management Inc. now owns 1,595 shares of the payment services company’s stock valued at $171,000 after buying an additional 644 shares during the period. 82.88% of the stock is currently owned by institutional investors.

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About American Express (NYSE:AXP)

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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