American Express (NYSE:AXP) Chairman Stephen J. Squeri sold 15,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $114.69, for a total transaction of $1,720,350.00. Following the sale, the chairman now owns 214,815 shares of the company’s stock, valued at approximately $24,637,132.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
American Express stock traded down $0.50 during midday trading on Friday, hitting $123.44. 4,338,924 shares of the stock were exchanged, compared to its average volume of 2,788,513. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $103.08 billion, a PE ratio of 16.84, a PEG ratio of 1.43 and a beta of 1.07. The firm has a fifty day moving average price of $120.28. American Express has a 52 week low of $89.05 and a 52 week high of $126.40.
American Express (NYSE:AXP) last announced its earnings results on Thursday, April 18th. The payment services company reported $2.01 EPS for the quarter, topping the consensus estimate of $2.00 by $0.01. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.46 billion. American Express had a net margin of 16.60% and a return on equity of 29.86%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $1.86 EPS. On average, research analysts forecast that American Express will post 8.12 EPS for the current fiscal year.
Several equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of American Express from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $123.00 to $140.00 in a research report on Thursday, April 25th. UBS Group cut shares of American Express from a “buy” rating to a “neutral” rating and set a $117.60 price objective for the company. in a research report on Monday, April 29th. Bank of America restated a “neutral” rating and issued a $108.00 price objective on shares of American Express in a research report on Thursday, March 14th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $125.00 target price (up previously from $115.00) on shares of American Express in a research note on Tuesday, March 12th. Finally, DZ Bank lowered shares of American Express from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. American Express has a consensus rating of “Hold” and an average price target of $121.43.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Pearl River Capital LLC acquired a new stake in shares of American Express in the fourth quarter valued at approximately $25,000. JNBA Financial Advisors acquired a new stake in shares of American Express in the fourth quarter valued at approximately $26,000. Camarda Financial Advisors LLC acquired a new stake in shares of American Express in the first quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of American Express in the first quarter valued at approximately $28,000. Finally, Clarfeld Financial Advisors LLC acquired a new position in American Express during the fourth quarter worth $31,000. Institutional investors own 83.61% of the company’s stock.
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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