Traders sold shares of American Express Co. (NYSE:AXP) on strength during trading hours on Tuesday. $33.23 million flowed into the stock on the tick-up and $60.15 million flowed out of the stock on the tick-down, for a money net flow of $26.92 million out of the stock. Of all equities tracked, American Express had the 0th highest net out-flow for the day. American Express traded up $0.84 for the day and closed at $63.00

Several research firms have weighed in on AXP. Credit Suisse Group AG reiterated an “underperform” rating and issued a $62.00 price objective on shares of American Express in a report on Friday, March 25th. Vetr cut American Express from a “buy” rating to a “hold” rating and set a $62.94 price objective for the company. in a report on Monday, March 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $77.00 price objective on shares of American Express in a report on Sunday, March 20th. Barclays PLC reiterated a “hold” rating on shares of American Express in a report on Tuesday, March 22nd. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of American Express in a report on Thursday, June 30th. Five investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $70.30.

The company’s 50-day moving average is $62.79 and its 200 day moving average is $61.09. The firm has a market cap of $59.92 billion and a price-to-earnings ratio of 12.58.

American Express (NYSE:AXP) last issued its quarterly earnings results on Wednesday, April 20th. The payment services company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. During the same period in the previous year, the company posted $1.48 earnings per share. The business had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.08 billion. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. Analysts predict that American Express Co. will post $5.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Stockholders of record on Friday, July 1st will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, June 29th.

In related news, EVP Linda Zukauckas sold 2,547 shares of the company’s stock in a transaction on Friday, April 22nd. The stock was sold at an average price of $66.08, for a total value of $168,305.76. Following the transaction, the executive vice president now directly owns 5,100 shares of the company’s stock, valued at approximately $337,008. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Susan Sobbott sold 14,682 shares of the company’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $65.50, for a total value of $961,671.00. Following the completion of the transaction, the insider now directly owns 51,552 shares in the company, valued at $3,376,656. The disclosure for this sale can be found here.

Several institutional investors have recently added to or reduced their stakes in AXP. Veritas Asset Management LLP increased its position in American Express by 11.9% in the fourth quarter. Veritas Asset Management LLP now owns 7,033,097 shares of the payment services company’s stock valued at $489,152,000 after buying an additional 745,397 shares during the last quarter. Harris Associates L P increased its position in American Express by 10.5% in the fourth quarter. Harris Associates L P now owns 6,472,713 shares of the payment services company’s stock valued at $450,177,000 after buying an additional 617,445 shares during the last quarter. Baillie Gifford & Co. increased its position in American Express by 5.6% in the fourth quarter. Baillie Gifford & Co. now owns 4,751,625 shares of the payment services company’s stock valued at $330,476,000 after buying an additional 251,890 shares during the last quarter. California Public Employees Retirement System increased its position in American Express by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 2,473,326 shares of the payment services company’s stock valued at $172,020,000 after buying an additional 22,300 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in American Express by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,239,431 shares of the payment services company’s stock valued at $155,763,000 after buying an additional 155,627 shares during the last quarter.

American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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