Traders sold shares of American Express Co. (NYSE:AXP) on strength during trading on Wednesday. $69.95 million flowed into the stock on the tick-up and $94.37 million flowed out of the stock on the tick-down, for a money net flow of $24.42 million out of the stock. Of all stocks tracked, American Express had the 0th highest net out-flow for the day. American Express traded up $0.32 for the day and closed at $64.48

A number of brokerages have recently weighed in on AXP. Vetr upgraded American Express from a “sell” rating to a “hold” rating and set a $64.60 price target for the company in a research report on Wednesday, June 8th. JPMorgan Chase & Co. restated a “hold” rating and issued a $68.00 price target on shares of American Express in a research report on Thursday, June 9th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $67.00 price target (up previously from $62.00) on shares of American Express in a research report on Tuesday, June 7th. Piper Jaffray Cos. restated a “hold” rating and issued a $71.00 price target (up previously from $66.00) on shares of American Express in a research report on Thursday, April 21st. Finally, Nomura Holdings Inc. restated a “hold” rating and issued a $62.00 price target (up previously from $55.00) on shares of American Express in a research report on Thursday, April 21st. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $70.30.

The company’s 50 day moving average is $62.61 and its 200 day moving average is $60.95. The company has a market cap of $61.32 billion and a price-to-earnings ratio of 12.88.

American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, July 20th. The payment services company reported $2.10 EPS for the quarter, beating the consensus estimate of $1.93 by $0.17. The firm earned $8.20 billion during the quarter, compared to analyst estimates of $8.33 billion. The company’s revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $1.42 EPS. Analysts predict that American Express Co. will post $5.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Stockholders of record on Friday, July 1st will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.80%.

In other news, insider Susan Sobbott sold 14,682 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was 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 of the company’s stock, valued at approximately $3,376,656. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kenneth I. Chenault sold 838,968 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $62.65, for a total value of $52,561,345.20. Following the completion of the transaction, the chief executive officer now directly owns 1,444,572 shares of the company’s stock, valued at $90,502,435.80. The disclosure for this sale can be found here.

Several institutional investors recently modified their holdings of AXP. Noesis Capital Mangement Corp boosted its position in shares of American Express by 2.5% in the fourth quarter. Noesis Capital Mangement Corp now owns 89,817 shares of the payment services company’s stock worth $6,247,000 after buying an additional 2,165 shares during the last quarter. OppenheimerFunds Inc. bought a new position in shares of American Express during the fourth quarter worth about $1,847,000. Van Strum & Towne Inc. boosted its position in shares of American Express by 0.4% in the fourth quarter. Van Strum & Towne Inc. now owns 35,063 shares of the payment services company’s stock worth $2,439,000 after buying an additional 150 shares during the last quarter. Intermede Investment Partners Ltd bought a new position in shares of American Express during the fourth quarter worth about $15,177,000. Finally, ProShare Advisors LLC boosted its position in shares of American Express by 0.7% in the fourth quarter. ProShare Advisors LLC now owns 393,535 shares of the payment services company’s stock worth $27,370,000 after buying an additional 2,549 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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