American Express (NYSE:AXP) chief Theodore Leonsis sold 4,005 shares of American Express in a trade on Friday, June 3. The shares were sold at an average price of $166.63, for a total transaction of $667,353.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink.
Shares of AXP rose $0.19 during Monday trading hours, hitting $167.02. 1,485,934 shares of the company were traded, against an average volume of 3,906,623. The company has a 50-day moving average of $173.44 and a two-hundred-day moving average of $174.12. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt ratio of 1.71. American Express has a 52-week low of $149.71 and a 52-week high of $199.55. The company has a market capitalization of $125.78 billion, a PE ratio of 16.72, a PEG ratio of 1.34 and a beta of 1.08.
American Express (NYSE:AXP – Get Rating) last released its quarterly earnings data on Friday, April 22. The payment services company reported earnings per share (EPS) of $2.73 for the quarter, beating the consensus estimate of $2.43 by $0.30. American Express had a net margin of 17.49% and a return on equity of 33.35%. The company posted revenue of $11.74 billion in the quarter, versus a consensus estimate of $11.66 billion. In the same quarter a year earlier, the company had earned earnings per share of $1.74. The company’s revenue increased by 29.5% compared to the same quarter last year. On average, research analysts expect American Express to post an EPS of 9.77 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 10. Shareholders of record on Friday, July 1 will receive a dividend of $0.52 per share. This represents an annualized dividend of $2.08 and a dividend yield of 1.25%. The ex-date of this dividend is Thursday, June 30. American Express’ dividend payout ratio is 20.84%.
Several research companies have recently published reports on AXP. Morgan Stanley raised its price target on American Express shares from $218.00 to $223.00 and gave the company an “overweight” rating in a Monday, March 28 research note. Oppenheimer reissued an “outperform” rating and set a target price of $200.00 on American Express shares in a Wednesday, March 23 research report. Bank of America raised its price target on shares of American Express from $204.00 to $206.00 in a Thursday, March 17 report. Royal Bank of Canada raised its price target on American Express shares from $195.00 to $200.00 and gave the stock an ‘sector performance’ rating in a Monday, April 25 report . Finally, JPMorgan Chase & Co. downgraded American Express shares from an “overweight” rating to a “neutral” rating and set a target price of $200.00 for the stock. in a Monday, April 11 research note. One analyst gave the stock a sell rating, fourteen gave the company a hold rating and eight gave the company a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $192.26.
Several hedge funds have recently changed their holdings in the company. Spire Wealth Management increased its position in American Express by 109.7% in the fourth quarter. Spire Wealth Management now owns 9,090 shares of the payment services company valued at $1,487,000 after buying an additional 4,755 shares last quarter. Van ECK Associates Corp increased its position in American Express by 275.0% in the fourth quarter. Van ECK Associates Corp now owns 58,352 shares of the payment services company valued at $9,546,000 after buying an additional 42,792 shares last quarter. FDx Advisors Inc. increased its position in American Express by 15.3% in the fourth quarter. FDx Advisors Inc. now owns 9,489 shares of the payment services company valued at $1,552,000 after buying 1,256 additional shares last quarter. Avantax Advisory Services Inc. increased its position in American Express by 15.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,298 shares of the payment services company valued at $2,340,000 after buying an additional 1,946 shares last quarter. Finally, Fifth Third Bancorp increased its position in American Express by 2.4% in the fourth quarter. Fifth Third Bancorp now owns 226,124 shares of the payment services company valued at $36,994,000 after buying an additional 5,256 shares last quarter. 85.49% of the shares are held by institutional investors.
About American Express (Get an assessment)
American Express Company, together with its subsidiaries, provides payment and credit card products and travel-related services worldwide. The Company operates through three segments: Global Consumer Services Group, Global Commercial Services and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.
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