Bullish Options Activity on American Express Company Surges After Better Fundamentals

 Bullish Options Activity on American Express Company Surges After Better Fundamentals

In today’s session American Express Company (AXP) registered an unusually high (1,513) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious AXP increase. With 1,513 contracts traded and 109964 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: AXP170120C00070000 closed last at: $3.25 or 9.7% down. About 737,440 shares traded hands. American Express Company (NYSE:AXP) has risen 9.42% since April 28, 2016 and is uptrending. It has outperformed by 3.49% the S&P500.

Analysts await American Express Company (NYSE:AXP) to report earnings on January, 19. They expect $0.99 earnings per share, down 19.51% or $0.24 from last year’s $1.23 per share. AXP’s profit will be $913.03 million for 18.26 P/E if the $0.99 EPS becomes a reality. After $1.24 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts -20.16% negative EPS growth.

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 -1.78% below today’s ($72.29) stock price. American Express Company has been the topic of 42 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Wood maintained the shares of AXP in a report on Thursday, April 21 with “Market Perform” rating. The stock has “Hold” rating given by Argus Research on Monday, January 25. As per Thursday, August 20, the company rating was initiated by Evercore. Credit Suisse maintained the shares of AXP in a report on Thursday, October 22 with “Underperform” rating. The stock of American Express Company (NYSE:AXP) has “Underperform” rating given on Tuesday, January 19 by Credit Suisse. The stock of American Express Company (NYSE:AXP) has “Buy” rating given on Tuesday, February 9 by Deutsche Bank. The stock has “Buy” rating given by Janney Capital on Thursday, September 17. On Wednesday, January 13 the stock rating was initiated by DA Davidson with “Neutral”. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, January 25. The firm earned “Buy” rating on Friday, April 15 by Compass Point.

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 increased to 0.86 in Q2 2016. Its up 0.12, from 0.74 in 2016Q1. The ratio improved, 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.
The Michigan-based Ls Advsrs Ltd Llc has invested 0.11% in American Express Company (NYSE:AXP). Bb&T Securities Limited Liability Corp last reported 147,695 shares in the company. Clearbridge Investments, a New York-based fund reported 4.09 million shares. Janney Montgomery Scott Ltd Com has invested 0.09% of its portfolio in American Express Company (NYSE:AXP). Sandhill Cap Ltd Co reported 6,584 shares or 0.13% of all its holdings. Holowesko Prtnrs Ltd has 774,400 shares for 3.96% of their US portfolio. Peapack Gladstone Corp last reported 0% of its portfolio in the stock. Moreover, Westwood Mngmt Corp Il has 0.04% invested in American Express Company (NYSE:AXP) for 3,800 shares. The New York-based Claar Advisors Limited Com has invested 7.09% in American Express Company (NYSE:AXP). Wheatland Advisors Incorporated accumulated 0.24% or 4,100 shares. Raymond James Tru Na reported 51,517 shares or 0.27% of all its holdings. Aberdeen Asset Management Public Ltd Company Uk reported 876,200 shares or 0.2% of all its holdings. The Florida-based Raymond James Financial Svcs Advisors has invested 0.06% in American Express Company (NYSE:AXP). Lj Tru last reported 1.23% of its portfolio in the stock. Arrow Financial has 15,974 shares for 0.25% of their US portfolio.

Insider Transactions: Since October 21, 2016, the stock had 0 insider buys, and 3 sales for $21.37 million net activity. Another trade for 146,030 shares valued at $10.55M was sold by Gupta Ashwini. The insider Sobbott Susan sold 19,186 shares worth $1.35 million.

American Express Company is a services company. The company has a market cap of $66.67 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 12.8 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: Seekingalpha.com which released: “American Express: Tough Call” on November 28, 2016, also Bizjournals.com published article titled: “Small Business Saturday expands beyond American Express, and the company is …”, Schaeffersresearch.com published: “Buzz Stocks: Johnson & Johnson, Target Corporation, and American Express Company” on November 25, 2016. More interesting news about American Express Company (NYSE:AXP) was released by: Denverpost.com and their article: “American Express raises its fee for late payments” with publication date: November 25, 2016.

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