Short Interest in American Express (NYSE:AXP) Decreases By 10.2%

American Express (NYSE:AXP) was the recipient of a significant decrease in short interest during the month of December. As of December 30th, there was short interest totalling 5,620,000 shares, a decrease of 10.2% from the December 15th total of 6,260,000 shares. Based on an average daily volume of 3,010,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.8% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. decreased their price target on American Express from $170.00 to $166.00 in a research report on Tuesday, January 10th. Atlantic Securities reduced their price objective on American Express from $175.00 to $165.00 and set a “neutral” rating for the company in a report on Wednesday, October 12th. Redburn Partners assumed coverage on American Express in a report on Tuesday, November 29th. They set a “neutral” rating for the company. UBS Group assumed coverage on American Express in a report on Monday, November 21st. They set a “neutral” rating and a $168.00 price objective for the company. Finally, Piper Sandler reissued a “neutral” rating and set a $159.00 price objective on shares of American Express in a report on Tuesday, December 13th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $170.74.

American Express Price Performance

NYSE:AXP opened at $154.00 on Tuesday. The firm has a market capitalization of $115.07 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.20 and a beta of 1.14. American Express has a 52-week low of $130.65 and a 52-week high of $199.55. The stock has a fifty day moving average of $151.58 and a 200 day moving average of $150.25. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.61 and a current ratio of 1.61.

American Express (NYSE:AXPGet Rating) last posted its quarterly earnings data on Friday, October 21st. The payment services company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.05. The company had revenue of $13.56 billion during the quarter, compared to analyst estimates of $13.58 billion. American Express had a return on equity of 33.28% and a net margin of 15.02%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the company earned $2.27 earnings per share. On average, research analysts expect that American Express will post 9.96 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 10th. Investors of record on Friday, January 6th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, January 5th. American Express’s dividend payout ratio is 20.90%.

Insider Transactions at American Express

In related news, Director Walter Joseph Clayton III acquired 1,000 shares of the stock in a transaction dated Tuesday, November 8th. The stock was purchased at an average cost of $149.27 per share, with a total value of $149,270.00. Following the completion of the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $149,270. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Vice Chairman Douglas E. Buckminster sold 16,354 shares of the stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $154.23, for a total transaction of $2,522,277.42. Following the completion of the sale, the insider now directly owns 99,024 shares of the company’s stock, valued at $15,272,471.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Walter Joseph Clayton III purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were acquired at an average cost of $149.27 per share, with a total value of $149,270.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $149,270. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On American Express

Large investors have recently added to or reduced their stakes in the company. Macroview Investment Management LLC purchased a new stake in American Express during the fourth quarter valued at about $25,000. Addison Advisors LLC raised its position in American Express by 239.0% during the third quarter. Addison Advisors LLC now owns 200 shares of the payment services company’s stock valued at $27,000 after purchasing an additional 141 shares in the last quarter. My Personal CFO LLC purchased a new stake in American Express during the fourth quarter valued at about $30,000. Karp Capital Management Corp purchased a new stake in American Express during the third quarter valued at about $28,000. Finally, PFG Private Wealth Management LLC raised its position in American Express by 288.9% during the fourth quarter. PFG Private Wealth Management LLC now owns 210 shares of the payment services company’s stock valued at $31,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 83.30% of the company’s stock.

About American Express

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American Express Co engages in the provision of charge and credit card products and travel-related services. It operates through the following segments: U.S Consumer Services (USCS), Commercial Services (CS), International Card Services (ICS), Global Merchant and Network Services (GMNS), and Corporate and Other.

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