What’s American Express Company Upside After Today’s Bullish Options Activity?

 What's American Express Company Upside After Today's Bullish Options Activity?

In today’s session American Express Company (AXP) registered an unusually high (550) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious AXP increase. With 550 contracts traded and 1534 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: AXP161118C00060000 closed last at: $2.27 or 7.3% down. About 2.25 million shares traded hands. American Express Company (NYSE:AXP) has risen 0.97% since March 14, 2016 and is uptrending. It has underperformed by 4.64% 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 $883.02M for 15.59 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 25 analysts covering American Express Company (NYSE:AXP), 5 rate it a “Buy”, 7 “Sell”, while 13 “Hold”. This means 20% are positive. American Express Company has been the topic of 41 analyst reports since July 23, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Underperform” rating and $59 target price in Friday, January 22 report. The stock has “Hold” rating given by Topeka Capital Markets on Monday, November 9. The firm earned “Hold” rating on Thursday, September 24 by Jefferies. The stock of American Express Company (NYSE:AXP) has “Equal-Weight” rating given on Thursday, April 21 by Morgan Stanley. The stock of American Express Company (NYSE:AXP) earned “Buy” rating by Compass Point on Friday, April 15. The rating was maintained by Goldman Sachs on Thursday, April 21 with “Neutral”. Nomura downgraded the stock to “Reduce” rating in Thursday, October 6 report. The firm has “Underperform” rating given on Friday, January 22 by Oppenheimer. On Tuesday, February 9 the stock rating was maintained by Deutsche Bank with “Buy”. As per Tuesday, December 22, the company rating was initiated by JMP Securities.

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 Q2 2016. Its down 0.07, from 0.81 in 2016Q1. The ratio dropped, 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.
Wells Fargo And Co Mn has invested 0.06% of its portfolio in American Express Company (NYSE:AXP). Robecosam Ag has 0.2% invested in the company for 37,450 shares. Gamble Jones Invest Counsel has invested 0.08% of its portfolio in American Express Company (NYSE:AXP). Wealthfront has 0.02% invested in the company for 10,377 shares. Clinton Grp Inc Inc has 0.23% invested in the company for 86,904 shares. The California-based Lpl Finance Limited Com has invested 0.02% in American Express Company (NYSE:AXP). Apg Asset Mgmt Nv accumulated 2.50 million shares or 0.29% of the stock. Fincl Counselors holds 0.03% of its portfolio in American Express Company (NYSE:AXP) for 7,733 shares. First Fincl In accumulated 0.07% or 2,123 shares. Moneta Inv Advsr owns 5,900 shares or 0.08% of their US portfolio. Diam Ltd has 0.14% invested in the company for 158,907 shares. Grimes Co has 0.08% invested in the company for 9,799 shares. The California-based Kelly Lawrence W Ca has invested 0.01% in American Express Company (NYSE:AXP). Stanley Management Ltd Liability Corporation has invested 1.92% of its portfolio in American Express Company (NYSE:AXP). Teachers has 1.55M shares for 0.16% of their US portfolio.

Insider Transactions: Since April 22, 2016, the stock had 0 buys, and 4 selling transactions for $57.05 million net activity. Sobbott Susan had sold 14,682 shares worth $961,671 on Wednesday, May 25. $168,306 worth of American Express Company (NYSE:AXP) was sold by Zukauckas Linda. O’Neill Michael John had sold 51,690 shares worth $3.36 million. Another trade for 838,968 shares valued at $52.56 million was sold by CHENAULT KENNETH I.

American Express Company is a services company. The company has a market cap of $55.06 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 10.54 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: “Better Buy: Visa vs. American Express Company” on October 17, 2016, also Seekingalpha.com with their article: “How To Value American Express” published on October 15, 2016, Investorplace.com published: “3 Big Stock Charts: Progressive Corp (PGR), American Express Company (AXP) and …” on October 13, 2016. More interesting news about American Express Company (NYSE:AXP) were released by: Seekingalpha.com and their article: “American Express Looks Weak Heading Into Earnings” published on October 13, 2016 as well as Nytimes.com‘s news article titled: “American Express Can Stop Merchants From Steering Clients to Other Cards” with publication date: September 27, 2016.

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