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.
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.
WARNING: “Traders Sell American Express (AXP) on Strength (AXP)” was first posted by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://dakotafinancialnews.com/2018/12/07/traders-sell-american-express-axp-on-strength-axp.html.
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)?
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.