American Express (NYSE:AXP) EVP Quinn Jessica Lieberman Sells 3,141 Shares of Stock

American Express (NYSE:AXP) EVP Quinn Jessica Lieberman sold 3,141 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $232.36, for a total value of $729,842.76. Following the completion of the transaction, the executive vice president now directly owns 258 shares in the company, valued at approximately $59,948.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

American Express Price Performance

AXP stock opened at $234.62 on Wednesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $168.76 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.32 and a beta of 1.20. The business’s 50-day moving average is $225.31 and its two-hundred day moving average is $196.14. American Express has a 1 year low of $140.91 and a 1 year high of $240.55.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.36. American Express had a return on equity of 32.46% and a net margin of 14.50%. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.79 billion. During the same quarter in the prior year, the business posted $2.40 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts anticipate that American Express will post 12.99 earnings per share for the current fiscal year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.19%. This is an increase from American Express’s previous quarterly dividend of $0.10. American Express’s dividend payout ratio is presently 23.06%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AXP. Barclays reaffirmed an “equal weight” rating and issued a $221.00 price target (up previously from $220.00) on shares of American Express in a research note on Tuesday, April 9th. Oppenheimer reaffirmed an “outperform” rating on shares of American Express in a research note on Friday, April 5th. TD Cowen upped their price target on American Express from $221.00 to $225.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Wells Fargo & Company upped their price target on American Express from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Finally, Monness Crespi & Hardt raised American Express from a “neutral” rating to a “buy” rating and set a $245.00 target price on the stock in a research note on Friday, April 5th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Express currently has a consensus rating of “Hold” and an average target price of $210.71.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Venture Visionary Partners LLC increased its holdings in shares of American Express by 0.3% in the 4th quarter. Venture Visionary Partners LLC now owns 23,211 shares of the payment services company’s stock valued at $4,349,000 after acquiring an additional 65 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its stake in American Express by 5.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 11,587 shares of the payment services company’s stock worth $2,171,000 after buying an additional 609 shares during the last quarter. Cerity Partners LLC grew its stake in American Express by 417.3% during the 4th quarter. Cerity Partners LLC now owns 415,696 shares of the payment services company’s stock worth $77,876,000 after buying an additional 335,338 shares during the last quarter. Cullen Investment Group LTD. purchased a new position in American Express during the 4th quarter worth approximately $2,460,000. Finally, J.W. Cole Advisors Inc. grew its stake in American Express by 35.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 9,806 shares of the payment services company’s stock worth $1,837,000 after buying an additional 2,572 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Company Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.