American Express Results Slide on Higher Spending, End of Costco Deal
Corporate insiders own 0.78% of the company's stock.
The co-branded credit card relationship between American Express and Costco ended in June.
Other hedge funds and other institutional investors have also modified their holdings of the company.
Express Scripts Holding Company (NASDAQ:ESRX) last announced its quarterly earnings results on Tuesday, February 14th.
As of now, the increased share price of American Express Company makes it a lucrative buy for investors. Oakworth Capital Inc. now owns 1,802 shares of the company's stock valued at $127,000 after buying an additional 10 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its stake in shares of Express Scripts Holding Company by 129.2% in the fourth quarter.
Presently American Express Company (NYSE:AXP) stock have an ABR of 2.78. American Express Company has a 1-year low of $57.15 and a 1-year high of $82.00. The stock has a market capitalization of $68.32 billion, a price-to-earnings ratio of 13.42 and a beta of 1.19. Shares are trading -1.26% below their 50-day moving average, and -6.86% below their 200-day moving average. American Express Company updated its FY17 guidance to $5.60-5.80 EPS. This is the current Zacks consensus EPS which was calculated at the time of writing. The firm had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $26.31 billion. American Express Company (NYSE:AXP) has risen 15.01% since September 12, 2016 and is uptrending.
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Fundamentalists and value investors are seeing the low ratio of 2.09 as more positive - demonstrating that the company has a great deal of revenue with a fair price. During the key period of last 5 years, American Express Company (NYSE:AXP) sales have annually surged 0.30% on average, however its earnings per share growth remained at 6.70%. Now it is offering a dividend yield of 1.69% and a 5 year dividend growth rate of 10.57%. 7,738 were reported by Hayek Kallen Inv. Korea Inv invested in 0.07% or 199,244 shares. A change of -1.15% in the price clearly indicates a strong asset performance for the corporation, bearing in mind the total returns from its investment and dividends or distributions obtained from the investment.
Several investment firms issued their expert ratings on Express Scripts Holding Company (ESRX) in which Deutsche Bank Upgrades Express Scripts Holding Company (ESRX) to Hold with no specific Price Target on 11/04/16.
TRADEMARK VIOLATION WARNING: "American Express Company (AXP) Position Lowered by SOL Capital Management CO" was posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of USA and worldwide copyright & trademark law. S&P Research downgraded American Express Company (NYSE:AXP) on Thursday, July 23 to "Hold" rating. Cowen and Company reiterated an "outperform" rating and set a $90.00 price target on shares of Express Scripts Holding Company in a report on Tuesday, April 4th. The latest reports which are outstanding on Monday 17th of April state 7 analysts have a rating of "strong buy", 4 analysts "buy", 16 analysts "neutral", 4 analysts "sell" and 1 analysts "strong sell". The stock now has a consensus rating of "Hold" and an average price target of $76.02.
"Our first-quarter performance marks a good start to the year with momentum in the consumer and commercial businesses in the US and in key markets internationally", American Express CEO Kenneth I. Chenault said in a news release. The shares were sold at an average price of $70.16, for a total transaction of $165,016.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
In other American Express Company news, Director John Joseph Brennan purchased 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 22nd. Following the transaction, the senior vice president now owns 11,287 shares in the company, valued at approximately $791,895.92.
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