American Express Company (NYSE:AXP) insider James Peter Bush sold 13,548 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $97.60, for a total value of $1,322,284.80. Following the completion of the sale, the insider now directly owns 90,052 shares of the company’s stock, valued at approximately $8,789,075.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

James Peter Bush also recently made the following trade(s):

  • On Monday, October 2nd, James Peter Bush sold 10,230 shares of American Express stock. The shares were sold at an average price of $90.55, for a total value of $926,326.50.

American Express Company (AXP) opened at $98.71 on Wednesday. The stock has a market capitalization of $84,942.11, a price-to-earnings ratio of 18.75, a PEG ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. American Express Company has a one year low of $72.08 and a one year high of $99.75.

American Express (NYSE:AXP) last released its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.03. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.31 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The business’s revenue was up 8.5% on a year-over-year basis. research analysts forecast that American Express Company will post 5.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, January 4th. American Express’s payout ratio is 26.97%.

A number of research firms have commented on AXP. ValuEngine downgraded American Express from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a report on Wednesday, November 1st. Atlantic Securities raised American Express from an “underweight” rating to a “neutral” rating and set a $100.00 target price for the company in a report on Tuesday, October 24th. Jefferies Group raised their target price on American Express from $64.75 to $93.35 and gave the company a “hold” rating in a report on Friday, October 20th. Finally, Royal Bank Of Canada raised their target price on American Express to $68.00 and gave the company an “underperform” rating in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company. American Express has a consensus rating of “Hold” and a consensus target price of $91.56.

Hedge funds have recently made changes to their positions in the stock. Matthew Goff Investment Advisor LLC acquired a new position in American Express in the 1st quarter valued at about $2,543,000. Bronfman E.L. Rothschild L.P. raised its stake in American Express by 10.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,669 shares of the payment services company’s stock valued at $478,000 after purchasing an additional 554 shares during the last quarter. Vanguard Group Inc. raised its stake in American Express by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 49,502,529 shares of the payment services company’s stock valued at $3,916,145,000 after purchasing an additional 722,235 shares during the last quarter. Rothschild Asset Management Inc. raised its stake in American Express by 19.5% in the 1st quarter. Rothschild Asset Management Inc. now owns 641,409 shares of the payment services company’s stock valued at $50,742,000 after purchasing an additional 104,647 shares during the last quarter. Finally, Shelton Capital Management purchased a new stake in American Express in the 2nd quarter valued at about $670,000. 83.35% of the stock is owned by hedge funds and other institutional investors.

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About American Express

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).

Insider Buying and Selling by Quarter for American Express (NYSE:AXP)

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