Economy

American Express Company (NYSE:AXP) Insider Sells $926326.50 in Stock

SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company's stock valued at $116,000 after acquiring an additional 138 shares during the last quarter. MCF Advisors LLC grew its position in American Express by 0.3% in the second 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 acquiring an additional 300 shares during the last quarter. As of quarter end Winslow Asset Management Inc had sold 554 shares trimming its position 1.0%. Holowesko Partners Ltd bought 763,000 shares as the company's stock declined 3.65% while stock markets rallied. Century Companies has invested 0.36% in American Express Company (NYSE:AXP).

The volatility in the previous week has experienced by 0.95% and observed of 0.97% in the previous month.85.20% ownership is held by institutional investors while insiders hold ownership of 0.20%.

The Supreme Court next year will hear arguments for a case in which 11 states accused American Express ( AXP ) of harming competition by barring businesses from encouraging customers to buy things with rival credit cards that charge merchants lower fees.

In terms of performance, shares of American Express Company (NYSE:AXP) are 25.35% since the start of 2016.

Chesley Taft & Associates LLC expanded its stake by buying 1,476 shares an increase of 1.5% from 06/30/2017 to 09/30/2017. Wellington Management Group LLP now owns 17,198,787 shares of the payment services company's stock valued at $1,360,596,000 after purchasing an additional 3,071,573 shares during the last quarter.

AXP has been the subject of several research reports. The value of the investment in American Express Company went from $77,472,000 to $164,008,000 increasing 111.7% quarter to quarter. The firm has "Sell" rating by UBS given on Monday, October 26. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". The firm has "Buy" rating by Bank of America given on Monday, January 9. The stock has "Market Perform" rating by Wood on Thursday, April 21.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this news story on another site, it was stolen and republished in violation of United States and global copyright law. GORDON MARC D had sold 4,900 shares worth $377,212 on Wednesday, May 24. As per Friday, April 28, the company rating was maintained by Jefferies. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

In related news, insider Susan Sobbott sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $84.39, for a total value of $506,340.00. The disclosure for this sale can be found here. Shares for $237,720 were sold by Buckminster Douglas E.

The stock decreased 0.64% or $0.18 on October 13, reaching $28.12.

The short ratio in the company's stock is documented at 5.25 and the short float is around of 1.90%. Comerica Bancorporation has invested 0.12% of its portfolio in American Express Company (NYSE:AXP). The stock has a 50 day moving average of $88.38 and a 200-day moving average of $83.14.

American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, July 19th. Excalibur Corp has 0.58% invested in American Express Company (NYSE:AXP) for 7,679 shares. The business had revenue of $8.31 billion for the quarter, compared to analyst estimates of $8.20 billion. American Express had a net margin of 14.11% and a return on equity of 21.90%. The firm's quarterly revenue was up.9% compared to the same quarter a year ago.

The company's Average Earnings Estimate for the Current Fiscal quarter is $1.47, according to consensus of 26 analysts. About 4.40 million shares traded or 928.08% up from the average. This repurchase authorization allows the payment services company to reacquire up to 5.9% of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 5th. More interesting news about American Express Company (NYSE:AXP) were released by: Nasdaq.com and their article: "American Express Company (AXP) Ex-Dividend Date Scheduled for October 05, 2017" published on October 04, 2017 as well as Benzinga.com's news article titled: "What's In Your Wallet?" This represents a $1.40 annualized dividend and a yield of 1.51%. American Express's dividend payout ratio (DPR) is presently 28.63%. Huntington National Bank & Trust stated it has 0.29% in American Express Company (NYSE:AXP). 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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