Can American Express Company’s Tomorrow Be Different? Option Trader Are Very Bearish

 Can American Express Company's Tomorrow Be Different? Option Trader Are Very Bearish

In today’s session American Express Company (AXP) recorded an unusually high (466) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious AXP decrease. With 466 contracts traded and 148454 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: AXP170120P00060000 closed last at: $0.86 or 3.6% up. About 2.67 million shares traded hands. American Express Company (NYSE:AXP) has risen 15.53% since April 8, 2016 and is uptrending. It has outperformed by 9.88% 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. $95 is the highest target while $54 is the lowest. The $71 average target is 2.08% above today’s ($69.55) stock price. American Express Company has been the topic of 42 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Goldman Sachs with “Neutral” on Tuesday, June 7. The stock of American Express Company (NYSE:AXP) earned “Buy” rating by Argus Research on Thursday, October 22. Credit Suisse maintained American Express Company (NYSE:AXP) rating on Thursday, October 22. Credit Suisse has “Underperform” rating and $71 price target. DA Davidson initiated American Express Company (NYSE:AXP) on Wednesday, January 13 with “Neutral” rating. The stock of American Express Company (NYSE:AXP) earned “Neutral” rating by Goldman Sachs on Wednesday, January 13. The rating was downgraded by Vetr on Monday, August 10 to “Buy”. On Friday, January 22 the stock rating was maintained by UBS with “Sell”. The stock of American Express Company (NYSE:AXP) has “Hold” rating given on Monday, November 9 by Topeka Capital Markets. Bank of America upgraded the stock to “Neutral” rating in Thursday, October 20 report. The rating was initiated by Atlantic Securities on Friday, September 9 with “Underweight”.

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 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.
Douglass Winthrop Advisors Limited Liability Corporation has 377,333 shares for 2.2% of their US portfolio. Invesco has invested 0.24% of its portfolio in American Express Company (NYSE:AXP). Morgan Stanley holds 6.92M shares or 0.15% of its portfolio. New York State Common Retirement Fund holds 0.2% of its portfolio in American Express Company (NYSE:AXP) for 2.30M shares. Primecap Mngmt Ca accumulated 574,700 shares or 0.04% of the stock. Peapack Gladstone Financial Corp has 0% invested in the company for 15,283 shares. C M Bidwell And last reported 0% of its portfolio in the stock. Carret Asset Mgmt Limited Liability Corp last reported 0.93% of its portfolio in the stock. Spinnaker has 0.04% invested in the company for 4,372 shares. Atalanta Sosnoff Cap Lc has 0.03% invested in the company for 16,101 shares. King Luther Capital Mgmt accumulated 118,282 shares or 0.07% of the stock. Thomaspartners Inc, a Massachusetts-based fund reported 1.61 million shares. Hexavest last reported 1.12% of its portfolio in the stock. Sigma Planning has invested 0.04% of its portfolio in American Express Company (NYSE:AXP). Whitnell &, a Illinois-based fund reported 3,574 shares.

Insider Transactions: Since May 19, 2016, the stock had 0 insider buys, and 4 insider sales for $66.34 million net activity. CHENAULT KENNETH I had sold 838,968 shares worth $52.56 million on Thursday, May 19. Gupta Ashwini sold $9.46 million worth of stock or 140,808 shares. On Tuesday, May 24 O’Neill Michael John sold $3.36 million worth of the stock or 51,690 shares. Sobbott Susan had sold 14,682 shares worth $961,671 on Wednesday, May 25.

American Express Company is a services company. The company has a market cap of $65.24 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 12.32 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 important 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 Investorplace.com published article titled: “Should You Buy the Dow? American Express Company (AXP) Stock”, Cnbc.com published: “American Express pops 5% on earnings beat” on October 19, 2016. More interesting news about American Express Company (NYSE:AXP) was released by: Investorplace.com and their article: “3 Stocks to Watch on Thursday: eBay Inc (EBAY), American Express Company (AXP …” with publication date: October 20, 2016.

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