American Express Target of Unusually High Options Trading (NYSE:AXP)

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American Express (NYSE:AXP) was the recipient of unusually large options trading activity on Thursday. Traders acquired 19,633 put options on the company. This represents an increase of 47% compared to the typical daily volume of 13,390 put options.

American Express Stock Performance

Shares of AXP opened at $143.03 on Friday. The business’s fifty day moving average price is $155.04 and its 200 day moving average price is $162.17. American Express has a 12-month low of $134.12 and a 12-month high of $199.55. The stock has a market capitalization of $107.24 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.63 and a quick ratio of 1.63.

American Express (NYSE:AXPGet Rating) last released its earnings results on Friday, July 22nd. The payment services company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.16. American Express had a return on equity of 32.81% and a net margin of 15.69%. The firm had revenue of $13.40 billion for the quarter, compared to analyst estimates of $12.54 billion. During the same period in the previous year, the company earned $2.80 earnings per share. American Express’s revenue was up 30.8% compared to the same quarter last year. Equities research analysts forecast that American Express will post 9.88 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AXP. Blue Bell Private Wealth Management LLC increased its position in shares of American Express by 873.3% during the first quarter. Blue Bell Private Wealth Management LLC now owns 146 shares of the payment services company’s stock valued at $27,000 after purchasing an additional 131 shares during the period. SBK Financial Inc. acquired a new position in shares of American Express during the fourth quarter valued at $25,000. Perkins Coie Trust Co acquired a new position in American Express in the first quarter valued at about $28,000. Tyler Stone Wealth Management acquired a new position in American Express in the fourth quarter valued at about $25,000. Finally, Rise Advisors LLC increased its holdings in shares of American Express by 823.5% in the first quarter. Rise Advisors LLC now owns 157 shares of the payment services company’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. 84.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on AXP shares. Edward Jones upgraded shares of American Express from a “hold” rating to a “buy” rating in a research note on Monday, June 6th. Robert W. Baird raised shares of American Express from a “neutral” rating to an “outperform” rating and set a $175.00 price target for the company in a report on Friday, June 17th. Barclays raised their price target on shares of American Express from $157.00 to $160.00 and gave the stock an “equal weight” rating in a report on Monday, July 25th. Piper Sandler cut their price objective on shares of American Express from $202.00 to $163.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. Finally, Wells Fargo & Company cut their price objective on shares of American Express from $215.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $181.53.

American Express Company Profile

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American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

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