American Express Company (NYSE:AXP) is expected to pay $0.32 on Nov 10, 2016. The indicated annual dividend is $1.28. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on American Express Company’s current price of $63.81, the dividend is 0.50%. This dividend’s record date is Oct 7, 2016 and the announcement date is Sep 27, 2016. The stock decreased 0.36% or $0.23 during the last trading session, hitting $63.81. American Express Company (NYSE:AXP) has risen 12.34% since March 1, 2016 and is uptrending. It has outperformed by 3.10% the S&P500.
American Express Company is a services company. The company has a market cap of $59.57 billion. The Company’s principal services and products are charge and credit payment card products, and travel-related services offered to clients and businesses around the world. It has a 11.23 P/E ratio. The Company’s divisions include U.S.
Insitutional Activity: The institutional sentiment decreased to 0.74 in 2016 Q2. Its down 0.07, from 0.81 in 2016Q1. The ratio is negative, as 77 funds sold all American Express Company shares owned while 441 reduced positions. 67 funds bought stakes while 317 increased positions. They now own 746.25 million shares or 3.32% less from 771.91 million shares in 2016Q1.
Lowe Brockenbrough & Incorporated accumulated 0.16% or 15,420 shares. Loeb owns 9,400 shares or 0.19% of their US portfolio. Credit Suisse Ag accumulated 0.16% or 2.37 million shares. The Washington-based Parametric Portfolio Assocs Limited Com has invested 0.15% in American Express Company (NYSE:AXP). Spinnaker accumulated 0.04% or 4,372 shares. Smead Capital Management has 1.67M shares for 4.78% of their US portfolio. Principal Gp holds 1.11 million shares or 0.09% of its portfolio. Mutual Of Omaha Bancorp Wealth holds 0.61% of its portfolio in American Express Company (NYSE:AXP) for 20,344 shares. Blackrock Japan Co Ltd last reported 0.23% of its portfolio in the stock. Pension Serv accumulated 0.27% or 508,834 shares. Cooke And Bieler Lp has 1.13% invested in the company for 840,166 shares. Cibc Ww Markets Corp reported 93,961 shares or 0.15% of all its holdings. Ubs Asset Mgmt Americas Incorporated holds 0.22% or 3.22M shares in its portfolio. Covington Cap Mngmt accumulated 34,817 shares or 0.2% of the stock. Bartlett & Ltd owns 75,403 shares or 0.23% of their US portfolio.
Insider Transactions: Since April 22, 2016, the stock had 0 insider buys, and 4 selling transactions for $57.05 million net activity. Zukauckas Linda had sold 2,547 shares worth $168,306 on Friday, April 22. The insider CHENAULT KENNETH I sold 838,968 shares worth $52.56M. Sobbott Susan also sold $961,671 worth of American Express Company (NYSE:AXP) shares. Shares for $3.36M were sold by O’Neill Michael John on Tuesday, May 24.
American Express Company (NYSE:AXP) Ratings Coverage
Out of 24 analysts covering American Express Company (NYSE:AXP), 5 rate it a “Buy”, 6 “Sell”, while 13 “Hold”. This means 21% are positive. American Express Company has been the topic of 40 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Underperform” on Friday, January 22. The rating was maintained by Wood with “Market Perform” on Thursday, April 21. The rating was maintained by S&P Research with “Hold” on Monday, September 14. UBS maintained American Express Company (NYSE:AXP) on Friday, January 22 with “Sell” rating. The company was downgraded on Thursday, July 23 by S&P Research. On Friday, September 9 the stock rating was initiated by Atlantic Securities with “Underweight”. On Monday, August 10 the stock rating was downgraded by Vetr to “Buy”. On Thursday, October 22 the stock rating was maintained by Argus Research with “Buy”. Credit Suisse maintained it with “Underperform” rating and $71 target price in Tuesday, January 19 report. Goldman Sachs maintained the shares of AXP in a report on Thursday, April 21 with “Neutral” rating.
More notable recent American Express Company (NYSE:AXP) news were published by: Fool.com which released: “American Express Company’s Biggest Win in 2016 So Far” on September 29, 2016, also Seekingalpha.com with their article: “American Express – Don’t Pay For AMEX Now” published on October 03, 2016, Nytimes.com published: “American Express Can Stop Merchants From Steering Clients to Other Cards” on September 27, 2016. More interesting news about American Express Company (NYSE:AXP) were released by: Investorplace.com and their article: “American Express Company (AXP) Is Taking Charge” published on September 08, 2016 as well as Businesswire.com‘s news article titled: “American Express Plans Live Audio Webcast of the Third Quarter 2016 Earnings …” with publication date: September 26, 2016.
AXP Company Profile
American Express Company, incorporated on June 10, 1965, is a services company. The Company’s principal services and products are charge and credit payment card products, and travel-related services offered to clients and businesses around the world. The Company’s divisions include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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