Investors sold shares of American Express (NYSE:AXP) on strength during trading hours on Monday. $50.30 million flowed into the stock on the tick-up and $112.49 million flowed out of the stock on the tick-down, for a money net flow of $62.19 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 $0.23 for the day and closed at $96.79
A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $116.00 price target on shares of American Express in a research note on Friday, December 22nd. Bank of America set a $128.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Monday, December 18th. JPMorgan Chase & Co. cut shares of American Express from an “overweight” rating to a “neutral” rating and set a $90.00 price target for the company. in a research note on Friday, January 12th. Barclays increased their price target on shares of American Express from $112.00 to $119.00 in a research note on Friday, January 19th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $115.00 price target (up previously from $105.00) on shares of American Express in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. American Express currently has a consensus rating of “Hold” and an average target price of $102.68.
The firm has a market capitalization of $83,266.38, a PE ratio of 16.43, a P/E/G ratio of 1.32 and a beta of 1.19. The company has a quick ratio of 1.90, a current ratio of 2.37 and a debt-to-equity ratio of 3.11.
The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 5th were issued a $0.35 dividend. The ex-dividend date was Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.44%. American Express’s dividend payout ratio is presently 48.28%.
In other news, insider Ashwini Gupta sold 57,306 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $95.04, for a total value of $5,446,362.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael John O’neill sold 43,741 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $98.85, for a total transaction of $4,323,797.85. Following the completion of the transaction, the executive vice president now owns 43,731 shares of the company’s stock, valued at approximately $4,322,809.35. The disclosure for this sale can be found here. Insiders sold a total of 326,110 shares of company stock valued at $31,858,001 in the last quarter. Insiders own 0.67% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Trustcore Financial Services LLC purchased a new position in shares of American Express in the 4th quarter valued at about $128,000. Zions Bancorporation increased its holdings in shares of American Express by 912.9% in the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock valued at $121,000 after purchasing an additional 1,205 shares in the last quarter. Capital Analysts LLC purchased a new position in shares of American Express in the 2nd quarter valued at about $115,000. Delpha Capital Management LLC acquired a new stake in American Express in the 4th quarter valued at about $138,000. Finally, Focused Wealth Management Inc acquired a new stake in American Express in the 4th quarter valued at about $139,000. Institutional investors and hedge funds own 82.38% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2018/02/21/traders-sell-american-express-axp-on-strength-axp.html.
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).
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.