American Express (NYSE:AXP) Insider Ravikumar Radhakrishnan Sells 9,485 Shares of Stock

American Express (NYSE:AXP) insider Ravikumar Radhakrishnan sold 9,485 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the transaction, the insider now owns 13,500 shares in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

American Express Price Performance

NYSE:AXP opened at $320.18 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.67 and a debt-to-equity ratio of 1.64. The stock’s 50 day moving average price is $305.73 and its two-hundred day moving average price is $279.01. The firm has a market capitalization of $225.55 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 1.49 and a beta of 1.24. American Express has a 12-month low of $205.60 and a 12-month high of $326.27.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. On average, analysts anticipate that American Express will post 15.3 earnings per share for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s payout ratio is 19.99%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a research report on Monday, January 27th. Monness Crespi & Hardt upped their price objective on shares of American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, January 27th. BTIG Research lifted their target price on American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods increased their price target on American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. Finally, William Blair reiterated an “outperform” rating on shares of American Express in a research report on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $296.38.

Hedge Funds Weigh In On American Express

Several institutional investors and hedge funds have recently made changes to their positions in AXP. Geode Capital Management LLC boosted its stake in shares of American Express by 0.8% during the third quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock valued at $3,104,735,000 after purchasing an additional 86,100 shares in the last quarter. FMR LLC boosted its holdings in shares of American Express by 8.5% during the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after buying an additional 866,110 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of American Express by 1.1% during the 4th quarter. Fisher Asset Management LLC now owns 8,761,336 shares of the payment services company’s stock worth $2,600,277,000 after buying an additional 95,927 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of American Express by 5.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock worth $1,249,415,000 after purchasing an additional 239,173 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of American Express by 0.8% during the third quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock worth $1,074,168,000 after purchasing an additional 33,193 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

About American Express

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.