The stock is trading at $84.82 which is just a bit higher than $79.56, the 50 day moving average and just above the 200 day moving average of $78.20. The 50 day moving average was up $5.26 or +6.60% and the 200 day average went up $6.62 or +8.47%. Trading volume for American Express Company was 4,622K on Thursday. Overall, volume was down 2.84% under the stocks normal daily volume.
Here is the rundown on market activity for American Express Company (NYSE:AXP). Douglas E. Buckminster, Pres, Glb Consumer Svcs Grp let go of $237,720 worth of shares at an average price of $79.24 on Fri the 28th. That brings Buckminster’s holdings to $4,158,995 per an SEC filing yesterday. Douglas E. Buckminster, Pres, Glb Consumer Svcs Grp sold $3,792,621 worth of shares at an average price of $80.78 on Tue the 25th. The Pres, Glb Consumer Svcs Grp now owns $4,582,331 of the stock as recorded in a recent Form 4 SEC filing.
L. Kevin Cox, Chief Human Resources Officer reported the sale of 77,006 shares of (AXP). The shares were sold on January 25th for an average price of $78.01. The Chief Human Resources Officer now owns $644,675 of the stock according to the SEC filing.
Here are some other firms who have updated their holdings. As of the end of the quarter Piedmont Investment Advisors LLC had sold 6,942 shares trimming its position 3.4%. The value of the investment in AXP increased from $15,031,000 to $15,503,000 a change of 3.1% quarter over quarter. As of quarter end Ballentine Partners, LLC had disposed of a total of 245 shares trimming its stake by 8.8%. The value in dollars went from $178,000 to $200,000 increasing 12.4% quarter to quarter.
Empire Life Investments Inc. downsized its ownership by selling 66,759 shares a decrease of 29.7%. Empire Life Investments Inc. now controls 158,106 shares worth $12,507,000. The total value of its holdings decreased 24.7%. Hm Payson & Co grew its stake by buying 4,066 shares an increase of 3.1% in the quarter. Hm Payson & Co currently owns 133,533 shares with a value of $10,564,000. The value of the position overall is up by 10.1%.
On October 20 the company was set at “Neutral” in a report from Bank of America a boost from the previous “Underperform” rating. On October 6 the stock rating was downgraded to “Reduce” from “” by analysts at .
On October 6, 2016 the stock rating was changed to a “Reduce” according to a Nomura report which is down from the previous “Neutral” rating. June 7 investment analysts at Goldman Sachs maintained a stock rating of “Neutral” and lowered the price expectation from $68.00 to $67.00.
Deutsche Bank downgraded the stock and raised the price target on April 22 changing the price objective from $66.00 to $68.00 and altering the rating from “Buy” to “Equal-weight”. On April 22 the company was downgraded from “Buy” to “Equal-weight” and a price target of $68.00 was set in an announcement from Deutsche Bank.
The company is up by 0.78% since yesterday’s close of $84.16. American Express Company announced a dividend for shareholders to be paid on Thursday the 10th of August 2017. The dividend payment will be $0.320 per share for the quarter which comes to $1.28 on an annualized basis. The dividend yield will be $1.52. The ex-dividend date will be on Wednesday April 5th, 2017.
The company currently has a P/E ratio of 15.31 and the market cap is 75.81B. As of the latest earnings report the EPS was $5.54 and is expected to be $5.70 for the current year with 893,779,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $1.47 with next year’s EPS projected to be $6.32.
American Express Company, launched on June 10, 1965, together with its subsidiaries, is a global services company. The Business’s principal products and services are charge and credit card products, and travel-related services offered to consumers and businesses around the world. The Business’s segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS). The Business’s range of products and services includes network services; merchant acquisition and processing, servicing and settlement, and point-of-sale marketing and information products and services for merchants; other fee services, including fraud prevention services and the design and operation of customer loyalty programs; expense management products and services, and stored value/prepaid products..