American Express Company (NYSE:AXP) insider James Peter Bush sold 12,789 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the transaction, the insider now owns 92,504 shares in the company, valued at approximately $9,199,522.80. The sale was disclosed in a filing with the SEC, which is available at this link.
James Peter Bush also recently made the following trade(s):
- On Friday, December 1st, James Peter Bush sold 13,548 shares of American Express stock. The shares were sold at an average price of $97.60, for a total transaction of $1,322,284.80.
American Express Company (AXP) traded up $1.30 during mid-day trading on Friday, reaching $100.85. 3,122,000 shares of the company traded hands, compared to its average volume of 2,948,333. The firm has a market capitalization of $87,620.00, a price-to-earnings ratio of 19.47, a PEG ratio of 1.49 and a beta of 1.22. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31. American Express Company has a 52 week low of $74.82 and a 52 week high of $101.65.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 annualized dividend and a yield of 1.39%. American Express’s dividend payout ratio is presently 27.03%.
A number of research analysts have issued reports on the stock. Bank of America upped their price target on shares of American Express from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Jefferies Group restated an “in-line” rating and set a $93.00 price target (up previously from $85.00) on shares of American Express in a research note on Thursday, October 19th. Zacks Investment Research upgraded 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 note on Wednesday, November 1st. Wells Fargo & Co assumed coverage on shares of American Express in a research note on Tuesday, October 10th. They set an “outperform” rating and a $105.00 price target on the stock. Finally, Piper Jaffray Companies restated a “hold” rating and set a $98.00 price target on shares of American Express in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $96.68.
A number of hedge funds have recently added to or reduced their stakes in the stock. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in American Express by 30.4% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock valued at $109,000 after purchasing an additional 300 shares in the last quarter. Zions Bancorporation lifted its holdings in American Express by 912.9% during the third 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 American Express during the second quarter valued at $115,000. MV Capital Management Inc. lifted its holdings in American Express by 3.5% during the second quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock valued at $122,000 after purchasing an additional 49 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its holdings in American Express by 0.5% during the second quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock valued at $129,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 83.35% of the company’s stock.
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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).
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