American Express Company (NYSE:AXP) insider Susan Sobbott sold 5,500 shares of American Express stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $94.34, for a total value of $518,870.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Susan Sobbott also recently made the following trade(s):
- On Thursday, September 7th, Susan Sobbott sold 6,000 shares of American Express stock. The shares were sold at an average price of $84.39, for a total value of $506,340.00.
Shares of American Express Company (NYSE:AXP) opened at $93.76 on Wednesday. American Express Company has a 52 week low of $70.77 and a 52 week high of $96.90. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $81,504.84, a P/E ratio of 17.99, a P/E/G ratio of 1.57 and a beta of 1.22.
American Express (NYSE:AXP) last issued its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. American Express had a return on equity of 22.73% and a net margin of 14.48%. The company had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.31 billion. During the same quarter in the prior year, the company posted $1.24 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. equities analysts forecast that American Express Company will post 5.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 6th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Thursday, October 5th. This is a positive change from American Express’s previous quarterly dividend of $0.32. American Express’s dividend payout ratio is currently 26.97%.
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Institutional investors have recently modified their holdings of the business. MCF Advisors LLC lifted its stake in shares of American Express by 0.3% during the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after purchasing an additional 4 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of American Express by 30.4% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after purchasing an additional 300 shares during the period. Capital Analysts LLC purchased a new position in shares of American Express during the 2nd quarter worth $115,000. SRS Capital Advisors Inc. lifted its stake in shares of American Express by 10.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company’s stock worth $116,000 after purchasing an additional 138 shares during the period. Finally, Westside Investment Management Inc. lifted its stake in shares of American Express by 36.7% during the 1st quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock worth $119,000 after purchasing an additional 410 shares during the period. 84.12% of the stock is currently owned by institutional investors.
Several research firms have recently weighed in on AXP. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a report on Wednesday, November 1st. Atlantic Securities raised American Express from an “underweight” rating to a “neutral” rating and set a $100.00 target price for the company in a report on Tuesday, October 24th. Jefferies Group LLC reissued an “in-line” rating and issued a $93.00 target price (up from $85.00) on shares of American Express in a report on Thursday, October 19th. Credit Suisse Group reissued an “underperform” rating and issued a $84.00 target price (up from $79.00) on shares of American Express in a report on Thursday, October 19th. Finally, Stephens set a $89.00 target price on American Express and gave the company a “hold” rating in a report on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $91.56.
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).
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