Investors sold shares of American Express Co. (NYSE:AXP) on strength during trading on Wednesday. $23.01 million flowed into the stock on the tick-up and $44.47 million flowed out of the stock on the tick-down, for a money net flow of $21.46 million out of the stock. Of all companies tracked, American Express had the 0th highest net out-flow for the day. American Express traded up $0.36 for the day and closed at $63.83

Several equities analysts have recently commented on AXP shares. Deutsche Bank AG restated a “buy” rating on shares of American Express in a research report on Saturday, April 9th. Compass Point started coverage on shares of American Express in a research report on Friday, April 15th. They set a “buy” rating and a $69.00 price target for the company. Sanford C. Bernstein restated a “buy” rating and set a $77.00 price target on shares of American Express in a research report on Thursday, April 21st. Citigroup Inc. restated a “buy” rating and set a $70.00 price target on shares of American Express in a research report on Tuesday, May 17th. Finally, Vetr upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $66.75 price target for the company in a research report on Tuesday, June 14th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $70.40.

The company has a market cap of $58.96 billion and a price-to-earnings ratio of 11.29. The stock has a 50 day moving average of $62.33 and a 200 day moving average of $60.94.

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

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

Several institutional investors have modified their holdings of AXP. RidgeWorth Capital Management LLC raised its position in shares of American Express by 1,209.8% in the fourth quarter. RidgeWorth Capital Management LLC now owns 856,182 shares of the payment services company’s stock valued at $59,547,000 after buying an additional 790,816 shares in the last quarter. Veritas Asset Management LLP raised 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 in the last quarter. Harris Associates L P raised 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 in the last quarter. Herndon Capital Management LLC raised 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 in the last quarter. Finally, Baillie Gifford & Co. raised 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 in 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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