American Express (NYSE:AXP) CEO Stephen J. Squeri sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $117.96, for a total transaction of $1,769,400.00. Following the sale, the chief executive officer now directly owns 184,090 shares in the company, valued at $21,715,256.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
NYSE AXP traded up $1.37 during mid-day trading on Wednesday, hitting $117.94. The company’s stock had a trading volume of 2,444,140 shares, compared to its average volume of 3,297,281. American Express has a 52-week low of $89.05 and a 52-week high of $129.34. The stock’s fifty day simple moving average is $119.07 and its two-hundred day simple moving average is $120.78. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market capitalization of $98.29 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05.
American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 18th. The payment services company reported $2.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.01. American Express had a net margin of 16.51% and a return on equity of 29.68%. The company had revenue of $10.99 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same quarter last year, the company earned $1.88 earnings per share. American Express’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts forecast that American Express will post 8.15 earnings per share for the current fiscal year.
The company also recently disclosed a 0.39000 dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 4th were given a $0.43 dividend. This represents a yield of 1.3%. The ex-dividend date of this dividend was Thursday, October 3rd. American Express’s dividend payout ratio (DPR) is 23.47%.
A number of large investors have recently modified their holdings of the business. Resources Management Corp CT ADV acquired a new stake in shares of American Express during the third quarter worth approximately $736,000. Man Group plc grew its position in shares of American Express by 10.2% during the third quarter. Man Group plc now owns 55,155 shares of the payment services company’s stock worth $6,524,000 after buying an additional 5,112 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of American Express during the third quarter worth approximately $23,411,000. IHT Wealth Management LLC grew its position in shares of American Express by 76.6% during the third quarter. IHT Wealth Management LLC now owns 3,386 shares of the payment services company’s stock worth $401,000 after buying an additional 1,469 shares in the last quarter. Finally, Amussen Hunsaker Associates LLC grew its position in shares of American Express by 8.2% during the third quarter. Amussen Hunsaker Associates LLC now owns 96,469 shares of the payment services company’s stock worth $11,410,000 after buying an additional 7,274 shares in the last quarter. 83.91% of the stock is owned by institutional investors.
Several research analysts have recently weighed in on AXP shares. Morgan Stanley increased their price objective on shares of American Express from $142.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. BMO Capital Markets increased their price objective on shares of American Express from $119.00 to $123.00 and gave the stock a “market perform” rating in a report on Monday, October 21st. ValuEngine upgraded shares of American Express from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Cfra reiterated a “hold” rating on shares of American Express in a report on Friday, October 18th. Finally, William Blair reiterated a “buy” rating on shares of American Express in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $125.89.
American Express Company Profile
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 three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.
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