American Express (NYSE:AXP) CFO Jeffrey C. Campbell sold 7,045 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $124.91, for a total value of $879,990.95. Following the sale, the chief financial officer now directly owns 59,620 shares of the company’s stock, valued at $7,447,134.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:AXP traded up $0.21 on Friday, hitting $124.30. 2,028,135 shares of the company were exchanged, compared to its average volume of 3,091,483. American Express has a 1-year low of $89.05 and a 1-year high of $129.34. The stock has a 50 day moving average price of $125.37. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market cap of $104.93 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.42 and a beta of 1.07.
American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 19th. The payment services company reported $2.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.02. American Express had a net margin of 16.60% and a return on equity of 29.75%. The business had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.82 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, sell-side analysts forecast that American Express will post 8.14 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. M Holdings Securities Inc. lifted its holdings in shares of American Express by 37.2% in the 1st quarter. M Holdings Securities Inc. now owns 4,779 shares of the payment services company’s stock worth $522,000 after acquiring an additional 1,295 shares during the last quarter. Boston Partners increased its holdings in American Express by 5.4% in the first quarter. Boston Partners now owns 2,961,935 shares of the payment services company’s stock valued at $323,740,000 after purchasing an additional 151,669 shares during the last quarter. American Asset Management Inc. acquired a new position in American Express in the first quarter valued at about $217,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in American Express by 2.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 240,620 shares of the payment services company’s stock valued at $29,702,000 after acquiring an additional 6,200 shares during the period. Finally, Bank of The West grew its stake in American Express by 2.9% in the second quarter. Bank of The West now owns 5,812 shares of the payment services company’s stock valued at $718,000 after acquiring an additional 166 shares during the period. Institutional investors own 84.17% of the company’s stock.
AXP has been the subject of a number of research analyst reports. ValuEngine downgraded American Express from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America started coverage on shares of American Express in a research report on Wednesday, June 19th. They set a “buy” rating and a $145.00 target price on the stock. BMO Capital Markets raised their target price on shares of American Express to $119.00 and gave the company a “market perform” rating in a research note on Monday, July 22nd. Stephens set a $131.00 target price on shares of American Express and gave the company a “buy” rating in a research note on Monday, May 20th. Finally, Jefferies Financial Group set a $130.00 target price on shares of American Express and gave the company a “hold” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. American Express currently has an average rating of “Hold” and an average target price of $124.38.
American Express Company Profile
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 three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.
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