Investors bought shares of American Express Co. (NYSE:AXP) on weakness during trading on Friday. $68.85 million flowed into the stock on the tick-up and $31.15 million flowed out of the stock on the tick-down, for a money net flow of $37.70 million into the stock. Of all companies tracked, American Express had the 30th highest net in-flow for the day. American Express traded down ($0.33) for the day and closed at $64.46

A number of equities research analysts have recently issued reports on AXP shares. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $77.00 price objective on shares of American Express in a research note on Thursday, April 21st. Vetr cut shares of American Express from a “buy” rating to a “hold” rating and set a $63.85 price objective for the company. in a research note on Wednesday, April 13th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of American Express in a research note on Thursday, June 30th. Jefferies Group reaffirmed a “hold” rating and issued a $60.00 price objective (up previously from $58.00) on shares of American Express in a research note on Thursday, April 21st. Finally, Goldman Sachs Group Inc. cut their price objective on shares of American Express from $64.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, April 21st. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have assigned a buy rating to the stock. American Express presently has an average rating of “Hold” and a consensus target price of $70.40.

The stock’s 50 day moving average is $62.28 and its 200-day moving average is $60.95. The company has a market cap of $59.55 billion and a PE ratio of 11.40.

American Express (NYSE:AXP) last issued its quarterly earnings results on Wednesday, July 20th. The payment services company reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.15. The business earned $8.20 billion during the quarter, compared to analyst estimates of $8.33 billion. American Express’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.42 EPS. On average, equities analysts expect that American Express Co. will post $5.50 EPS for the current year.

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

In related news, CEO Kenneth I. Chenault sold 838,968 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $62.65, for a total value of $52,561,345.20. Following the transaction, the chief executive officer now owns 1,444,572 shares in the company, valued at approximately $90,502,435.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael John O’neill sold 51,690 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $64.95, for a total transaction of $3,357,265.50. Following the completion of the transaction, the executive vice president now owns 46,929 shares in the company, valued at approximately $3,048,038.55. The disclosure for this sale can be found here.

Other institutional investors have modified their holdings of the company. Veritas Asset Management LLP increased its position in shares of 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 period. Harris Associates L P increased its position in shares of 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 period. Baillie Gifford & Co. increased its position in shares of 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 period. Dimensional Fund Advisors LP increased its position in shares of 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 period. Finally, Herndon Capital Management LLC increased its position in shares of American Express by 36.7% in the fourth quarter. Herndon Capital Management LLC now owns 1,975,973 shares of the payment services company’s stock valued at $137,428,000 after buying an additional 530,125 shares during the period.

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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