Aggressive’ Bullish Options Activity Seen in American Express Company

 Aggressive' Bullish Options Activity Seen in American Express Company

In today’s session American Express Company (AXP) registered an unusually high (838) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious AXP increase. With 838 contracts traded and 74214 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: AXP161021C00065000 closed last at: $0.9 or 10.9% down. About 628,541 shares traded hands. American Express Company (NYSE:AXP) has risen 11.89% since March 2, 2016 and is uptrending. It has outperformed by 3.63% the S&P500.

Analysts await American Express Company (NYSE:AXP) to report earnings on October, 19. They expect $0.96 EPS, down 22.58% or $0.28 from last year’s $1.24 per share. AXP’s profit will be $888.20 million for 16.75 P/E if the $0.96 EPS becomes a reality. After $2.10 actual EPS reported by American Express Company for the previous quarter, Wall Street now forecasts -54.29% negative EPS growth.

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. $95 is the highest target while $54 is the lowest. The $71 average target is 10.40% above today’s ($64.31) stock price. American Express Company has been the topic of 40 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Janney Capital on Thursday, September 17 with “Buy”. The rating was maintained by Morgan Stanley on Thursday, April 21 with “Equal-Weight”. As per Friday, August 21, the company rating was upgraded by Vetr. The company was initiated on Friday, September 9 by Atlantic Securities. Argus Research maintained American Express Company (NYSE:AXP) rating on Thursday, October 22. Argus Research has “Buy” rating and $84.0 price target. The rating was downgraded by Keefe Bruyette & Woods to “Market Perform” on Friday, January 22. The stock has “Buy” rating given by Compass Point on Friday, April 15. The rating was maintained by Barclays Capital on Friday, January 22 with “Equal-Weight”. The firm earned “Neutral” rating on Wednesday, January 13 by DA Davidson. UBS maintained American Express Company (NYSE:AXP) rating on Friday, January 22. UBS has “Sell” rating and $54 price target.

According to Zacks Investment Research, “American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and international banking services throughout the world. American Express Travel Related Services Company, Inc. provides a variety of products and services, including, global network services, the American Express Card, the Optima Card and other consumer and corporate lending products, stored value products, and several others.”

Insitutional Activity: The institutional sentiment decreased to 0.74 in 2016 Q2. Its down 0.07, from 0.81 in 2016Q1. The ratio turned 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.
Robecosam Ag last reported 37,450 shares in the company. Somerville Kurt F has 4,500 shares for 0.06% of their US portfolio. Apg Asset Mgmt Nv accumulated 0.29% or 2.50M shares. Hightower Advsr Llc owns 234,620 shares or 0.18% of their US portfolio. Murphy Mngmt has invested 0.26% of its portfolio in American Express Company (NYSE:AXP). Grimes And Co has 0.08% invested in the company for 9,799 shares. Shelton has 0.05% invested in the company for 9,601 shares. Janus Management Ltd Liability Co owns 5.93 million shares or 0.31% of their US portfolio. Rocky Mountain Advisers Ltd Liability Com accumulated 0.06% or 200 shares. Wfg Advisors L P has 1,517 shares for 0.02% of their US portfolio. Macnealy Hoover Inv Mngmt Incorporated last reported 6,000 shares in the company. Meiji Yasuda Asset Limited has 49,789 shares for 0.43% of their US portfolio. Department Mb Natl Bank N A accumulated 0.93% or 97,147 shares. Bush Odonnell Advsrs Incorporated, a Missouri-based fund reported 91,364 shares. Narwhal Capital Mgmt accumulated 0.47% or 24,820 shares.

Insider Transactions: Since April 22, 2016, the stock had 0 insider purchases, and 4 sales for $57.05 million net activity. 838,968 shares were sold by CHENAULT KENNETH I, worth $52.56 million. $961,671 worth of shares were sold by Sobbott Susan on Wednesday, May 25. Another trade for 51,690 shares valued at $3.36 million was made by O’Neill Michael John on Tuesday, May 24. Another trade for 2,547 shares valued at $168,306 was sold by Zukauckas Linda.

American Express Company is a services company. The company has a market cap of $59.50 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 11.32 P/E ratio. The Company’s divisions include U.S.

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).

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 Nytimes.com with their article: “American Express Can Stop Merchants From Steering Clients to Other Cards” published on September 27, 2016, Investorplace.com published: “American Express Company (AXP) Is Taking Charge” on September 08, 2016. More interesting news about American Express Company (NYSE:AXP) were released by: Businesswire.com and their article: “American Express Plans Live Audio Webcast of the Third Quarter 2016 Earnings …” published on September 26, 2016 as well as Investorplace.com‘s news article titled: “American Express Company (AXP) Hikes Dividend, Buys Back More Stock” with publication date: September 27, 2016.

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