Investors Sell Shares of American Express (AXP) on Strength (AXP)

Investors sold shares of American Express (NYSE:AXP) on strength during trading on Thursday. $149.00 million flowed into the stock on the tick-up and $224.92 million flowed out of the stock on the tick-down, for a money net flow of $75.92 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 $0.61 for the day and closed at $108.25

A number of analysts have recently issued reports on the stock. Wells Fargo & Co raised their price target on shares of American Express from $115.00 to $122.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. BMO Capital Markets raised their price target on shares of American Express from $106.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, October 19th. Buckingham Research downgraded shares of American Express from a “buy” rating to a “neutral” rating and set a $112.00 price target for the company. in a report on Thursday, November 29th. They noted that the move was a valuation call. Oppenheimer set a $114.00 price target on shares of American Express and gave the stock a “buy” rating in a report on Monday, November 5th. Finally, Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company. American Express currently has a consensus rating of “Buy” and an average price target of $112.70.

The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $91.95 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.39 and a beta of 1.06.

American Express (NYSE:AXP) last posted its earnings results on Thursday, October 18th. The payment services company reported $1.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.11. American Express had a net margin of 9.51% and a return on equity of 31.26%. The firm had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter last year, the firm earned $1.50 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, research analysts expect that American Express will post 7.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Friday, January 4th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $1.56 annualized dividend and a yield of 1.44%. American Express’s dividend payout ratio is presently 26.58%.

In other American Express news, Chairman Stephen J. Squeri sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $103.84, for a total value of $1,298,000.00. Following the completion of the transaction, the chairman now owns 209,957 shares of the company’s stock, valued at approximately $21,801,934.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc D. Gordon sold 25,948 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $107.83, for a total transaction of $2,797,972.84. Following the completion of the transaction, the insider now directly owns 33,111 shares of the company’s stock, valued at approximately $3,570,359.13. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Matthew Goff Investment Advisor LLC boosted its position in American Express by 2.0% in the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 50,272 shares of the payment services company’s stock valued at $5,354,000 after buying an additional 987 shares during the period. Great Lakes Advisors LLC boosted its position in American Express by 8.7% in the 3rd quarter. Great Lakes Advisors LLC now owns 873,753 shares of the payment services company’s stock valued at $93,046,000 after buying an additional 69,588 shares during the period. HM Payson & Co. purchased a new position in American Express in the 3rd quarter valued at approximately $8,423,000. Belpointe Asset Management LLC purchased a new position in American Express in the 3rd quarter valued at approximately $208,000. Finally, Vanguard Group Inc. boosted its position in American Express by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 49,872,420 shares of the payment services company’s stock valued at $5,310,914,000 after buying an additional 364,282 shares during the period. 82.88% of the stock is owned by institutional investors.

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American Express Company Profile (NYSE:AXP)

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

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