Traders bought shares of American Express (NYSE:AXP) on weakness during trading on Tuesday. $76.88 million flowed into the stock on the tick-up and $60.05 million flowed out of the stock on the tick-down, for a money net flow of $16.83 million into the stock. Of all companies tracked, American Express had the 32nd highest net in-flow for the day. American Express traded down ($0.14) for the day and closed at $94.56
A number of research analysts have weighed in on the company. Zacks Investment Research lowered American Express from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. lowered American Express from an “overweight” rating to a “neutral” rating and set a $90.00 target price for the company. in a report on Friday, January 12th. Sandler O’Neill reaffirmed a “buy” rating on shares of American Express in a report on Wednesday, January 17th. Barclays set a $119.00 target price on American Express and gave the company an “equal weight” rating in a report on Thursday, January 11th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $103.00 target price on shares of American Express in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $102.68.
The company has a market capitalization of $82,077.72, a PE ratio of 33.18, a price-to-earnings-growth ratio of 1.29 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 company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 5th were given 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 yield of 1.45%. American Express’s payout ratio is 48.28%.
In other American Express news, insider Douglas E. Buckminster sold 88,930 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $98.87, for a total value of $8,792,509.10. Following the completion of the sale, the insider now owns 152,507 shares in the company, valued at $15,078,367.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Peter Bush sold 13,356 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $9,942,933.50. 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 90 days. 0.67% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Trustcore Financial Services LLC bought a new stake in American Express in the fourth quarter valued at approximately $128,000. Zions Bancorporation lifted its position in American Express by 912.9% in 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 during the last quarter. Capital Analysts LLC bought a new stake in American Express in the second quarter valued at approximately $115,000. Delpha Capital Management LLC bought a new stake in American Express in the fourth quarter valued at approximately $138,000. Finally, Focused Wealth Management Inc bought a new stake in American Express in the fourth quarter valued at approximately $139,000. Hedge funds and other institutional investors own 83.37% of the company’s stock.
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.