Traders Sell Shares of American Express (AXP) on Strength (AXP)

Investors sold shares of American Express (NYSE:AXP) on strength during trading 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 stocks tracked, American Express had the 29th 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 have commented on AXP shares. Barclays upped their price target on shares of American Express from $112.00 to $119.00 in a research report on Friday, January 19th. Zacks Investment Research raised shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Wednesday, November 1st. Instinet started coverage on shares of American Express in a research report on Wednesday, January 3rd. They set a “buy” rating and a $110.00 price target on the stock. Deutsche Bank started coverage on shares of American Express in a research report on Tuesday, January 2nd. They set a “buy” rating and a $118.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $116.00 price target on shares of American Express in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $102.68.

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 company has a market capitalization of $84,010.00, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19.

American Express (NYSE:AXP) last posted its earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.04. American Express had a net margin of 8.08% and a return on equity of 26.07%. The company had revenue of $8.84 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. equities research analysts expect that American Express will post 7.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 5th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.45%. American Express’s dividend payout ratio is presently 46.82%.

In other American Express news, insider James Peter Bush sold 13,356 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the sale, the insider now owns 100,790 shares in the company, valued at approximately $9,942,933.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kenneth I. Chenault sold 96,440 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $97.30, for a total transaction of $9,383,612.00. Following the completion of the sale, the chief executive officer now owns 1,178,333 shares of the company’s stock, valued at approximately $114,651,800.90. The disclosure for this sale can be found here. Insiders sold a total of 326,110 shares of company stock worth $31,858,001 in the last 90 days. 0.67% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of AXP. UBS Asset Management Americas Inc. increased its stake in American Express by 59.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 5,305,396 shares of the payment services company’s stock valued at $526,879,000 after buying an additional 1,968,718 shares during the last quarter. Veritas Asset Management LLP increased its stake in American Express by 15.2% in the 2nd quarter. Veritas Asset Management LLP now owns 10,303,201 shares of the payment services company’s stock valued at $867,942,000 after buying an additional 1,358,474 shares during the last quarter. Millennium Management LLC increased its stake in American Express by 847.9% in the 4th quarter. Millennium Management LLC now owns 1,480,273 shares of the payment services company’s stock valued at $147,006,000 after buying an additional 1,324,105 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in American Express in the 2nd quarter valued at about $101,526,000. Finally, Swedbank purchased a new stake in American Express in the 4th quarter valued at about $98,751,000. Hedge funds and other institutional investors own 82.38% of the company’s stock.

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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).

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