Insider Selling: American Express Company (AXP) Insider Sells 5,500 Shares of Stock
American Express Company (NYSE:AXP) insider Susan Sobbott sold 5,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $94.34, for a total transaction of $518,870.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Susan Sobbott also recently made the following trade(s):
- On Thursday, September 7th, Susan Sobbott sold 6,000 shares of American Express stock. The shares were sold at an average price of $84.39, for a total transaction of $506,340.00.
Shares of American Express Company (NYSE:AXP) traded down $0.23 during midday trading on Monday, hitting $93.52. 2,714,300 shares of the stock traded hands, compared to its average volume of 3,629,731. American Express Company has a 1-year low of $69.65 and a 1-year high of $96.90. The firm has a market capitalization of $81,180.00, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31.
American Express (NYSE:AXP) last announced its earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The business had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share. equities analysts expect that American Express Company will post 5.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 6th were paid a $0.35 dividend. This is an increase from American Express’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, October 5th. American Express’s dividend payout ratio (DPR) is currently 27.03%.
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A number of research analysts have issued reports on AXP shares. Morgan Stanley decreased their price target on shares of American Express from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Friday, September 8th. Zacks Investment Research cut shares of American Express from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Credit Suisse Group reaffirmed a “sell” rating on shares of American Express in a report on Wednesday, July 19th. BidaskClub cut shares of American Express from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $95.00 price target (up previously from $90.00) on shares of American Express in a report on Saturday, July 22nd. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $91.56.
Several large investors have recently bought and sold shares of the company. FDO Partners LLC purchased a new position in shares of American Express in the third quarter worth about $1,208,000. HCR Wealth Advisors purchased a new position in shares of American Express in the third quarter worth about $201,000. Tredje AP fonden lifted its stake in shares of American Express by 36.8% in the third quarter. Tredje AP fonden now owns 109,791 shares of the payment services company’s stock worth $9,932,000 after buying an additional 29,550 shares in the last quarter. Welch & Forbes LLC lifted its stake in shares of American Express by 21.5% in the third quarter. Welch & Forbes LLC now owns 63,046 shares of the payment services company’s stock worth $5,703,000 after buying an additional 11,160 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of American Express by 0.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 130,417 shares of the payment services company’s stock worth $11,798,000 after buying an additional 900 shares in the last quarter. 84.12% of the stock is currently owned by hedge funds and other institutional investors.
American Express Company Profile
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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