Is Buying American Express Company Here a Winning Strategy? Option Traders Like The Stock

 Is Buying American Express Company Here a Winning Strategy? Option Traders Like The Stock

In today’s session American Express Company (AXP) registered an unusually high (1,003) 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 1,003 contracts traded and 2284 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: AXP161118C00069000 closed last at: $0.43 or 4.4% down. About 1.37 million shares traded hands. American Express Company (NYSE:AXP) has risen 9.65% since March 29, 2016 and is uptrending. It has outperformed by 6.18% the S&P500.

American Express Company (NYSE:AXP) Ratings Coverage

Out of 26 analysts covering American Express Company (NYSE:AXP), 5 rate it a “Buy”, 7 “Sell”, while 14 “Hold”. This means 19% are positive. American Express Company has been the topic of 42 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded the shares of AXP in a report on Wednesday, January 13 to “Neutral” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, April 21 report. The rating was downgraded by Morgan Stanley on Monday, January 25 to “Equal-Weight”. The company was maintained on Friday, January 22 by Oppenheimer. The rating was maintained by UBS on Friday, January 22 with “Sell”. The firm has “Neutral” rating given on Thursday, April 21 by Goldman Sachs. The stock has “Market Perform” rating given by JMP Securities on Tuesday, December 22. The company was downgraded on Friday, January 22 by Keefe Bruyette & Woods. The firm earned “Underperform” rating on Thursday, April 21 by Macquarie Research. Evercore initiated American Express Company (NYSE:AXP) rating on Thursday, August 20. Evercore has “Hold” rating and $81 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 Q2 2016. Its down 0.07, from 0.81 in 2016Q1. The ratio dived, 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.
Arcadia Investment Corporation Mi reported 6,798 shares or 0.13% of all its holdings. Da Davidson accumulated 23,893 shares or 0.04% of the stock. Fuller And Thaler Asset Mgmt last reported 2,700 shares in the company. Alpha Windward Limited Liability Corp has invested 0.1% of its portfolio in American Express Company (NYSE:AXP). Serv Automobile Association, a Texas-based fund reported 1.28 million shares. Seaward Mgmt Limited Partnership, a Massachusetts-based fund reported 67,019 shares. Goelzer Inv Mgmt Inc holds 44,290 shares or 0.37% of its portfolio. Moreover, Johnson Inv Counsel has 0.61% invested in American Express Company (NYSE:AXP) for 303,515 shares. The New Hampshire-based Charter Trust Co has invested 0.13% in American Express Company (NYSE:AXP). Moreover, Rk Asset Ltd Liability Company has 5.28% invested in American Express Company (NYSE:AXP) for 97,343 shares. Exxonmobil Tx last reported 209,249 shares in the company. Beacon Fincl Grp Incorporated holds 0.14% of its portfolio in American Express Company (NYSE:AXP) for 10,810 shares. Van Eck Corp last reported 270,786 shares in the company. Victory Cap Inc accumulated 498,460 shares or 0.12% of the stock. Stewart West Indies Trading holds 1.23% or 210,000 shares in its portfolio.

Insider Transactions: Since May 19, 2016, the stock had 0 buys, and 4 sales for $66.34 million net activity. The insider Sobbott Susan sold 14,682 shares worth $961,671. CHENAULT KENNETH I also sold $52.56 million worth of American Express Company (NYSE:AXP) shares. 51,690 shares were sold by O’Neill Michael John, worth $3.36 million on Tuesday, May 24. On Friday, October 21 Gupta Ashwini sold $9.46M worth of the stock or 140,808 shares.

American Express Company is a services company. The company has a market cap of $60.54 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 11.8 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 important recent American Express Company (NYSE:AXP) news were published by: Investorplace.com which released: “Should You Buy the Dow? American Express Company (AXP) Stock” on October 28, 2016, also Fool.com published article titled: “Better Buy: Visa Inc. vs. American Express”, Fool.com published: “Better Buy: Visa vs. American Express Company” on October 17, 2016. More interesting news about American Express Company (NYSE:AXP) was released by: Seekingalpha.com and their article: “How To Value American Express” with publication date: October 15, 2016.

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