American Express Company (AXP) CEO Kenneth I. Chenault Sells 96,440 Shares

American Express Company (NYSE:AXP) CEO Kenneth I. Chenault sold 96,440 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $97.30, for a total transaction of $9,383,612.00. Following the transaction, the chief executive officer now owns 1,178,333 shares in the company, valued at approximately $114,651,800.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

American Express Company (NYSE AXP) traded up $1.37 during midday trading on Monday, hitting $98.52. 7,891,700 shares of the company traded hands, compared to its average volume of 3,611,404. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $85,475.90, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22. American Express Company has a twelve month low of $73.50 and a twelve month high of $99.75.

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

The business also recently disclosed 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 analysts have issued reports on the stock. Bank of America increased their target price on shares of American Express from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Barclays set a $93.00 target price on shares of American Express and gave the stock a “hold” rating in a research report on Thursday, October 19th. Jefferies Group restated an “in-line” rating and set a $93.00 target price (up previously from $85.00) on shares of American Express in a research report on Thursday, October 19th. Buckingham Research assumed coverage on shares of American Express in a research report on Monday, October 2nd. They set a “neutral” rating and a $92.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $92.44.

Large investors have recently modified their holdings of the stock. MCF Advisors LLC lifted its stake in American Express by 0.3% in the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock valued at $108,000 after purchasing an additional 4 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in American Express by 30.4% in the 2nd 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 during the last quarter. Zions Bancorporation lifted its stake in 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 during the last quarter. Capital Analysts LLC bought a new position in American Express in the 2nd quarter valued at approximately $115,000. Finally, MV Capital Management Inc. lifted its stake in American Express by 3.5% in the 2nd 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 during the last quarter. 83.51% of the stock is owned by institutional investors and hedge funds.

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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).

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

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