Investors purchased shares of American Express (NYSE:AXP) on weakness during trading on Monday. $88.37 million flowed into the stock on the tick-up and $66.45 million flowed out of the stock on the tick-down, for a money net flow of $21.92 million into the stock. Of all stocks tracked, American Express had the 33rd highest net in-flow for the day. American Express traded down ($1.38) for the day and closed at $97.67
A number of brokerages have weighed in on AXP. Stephens reiterated a “hold” rating on shares of American Express in a research report on Thursday. Zacks Investment Research cut shares of American Express from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Oppenheimer set a $117.00 target price on shares of American Express and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Instinet boosted their target price on shares of American Express from $91.72 to $108.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Nomura raised shares of American Express from a “neutral” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $102.68.
The firm has a market cap of $84,780.00, a P/E ratio of 16.50, a PEG ratio of 1.35 and a beta of 1.16. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.06.
In other news, insider James Peter Bush sold 12,789 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05. Following the completion of the sale, the insider now owns 92,504 shares of the company’s stock, valued at approximately $9,199,522.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kenneth I. Chenault sold 96,440 shares of the stock in a transaction that occurred on 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 directly 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. In the last three months, insiders sold 122,585 shares of company stock valued at $11,973,047. Corporate insiders own 0.67% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Accident Compensation Corp lifted its holdings in shares of American Express by 18.8% in the 2nd quarter. Accident Compensation Corp now owns 24,700 shares of the payment services company’s stock worth $2,081,000 after acquiring an additional 3,900 shares during the last quarter. Bank Hapoalim BM lifted its holdings in shares of American Express by 2.2% in the 2nd quarter. Bank Hapoalim BM now owns 5,954 shares of the payment services company’s stock worth $502,000 after acquiring an additional 129 shares during the last quarter. Birch Hill Investment Advisors LLC acquired a new position in shares of American Express in the 2nd quarter worth approximately $208,000. Mutual of America Capital Management LLC lifted its holdings in shares of American Express by 1.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 91,343 shares of the payment services company’s stock worth $7,695,000 after acquiring an additional 950 shares during the last quarter. Finally, Quantitative Investment Management LLC lifted its holdings in shares of American Express by 42.9% in the 2nd quarter. Quantitative Investment Management LLC now owns 368,500 shares of the payment services company’s stock worth $31,042,000 after acquiring an additional 110,700 shares during the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.
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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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