American Express Company (AXP) Shares Sold by North American Management Corp

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Likewise, the positive performance for the quarter was recorded as 2.40% and for the year was 1.21%, while the YTD performance remained at 3.11%.

AXP shares are on the rise this morning after the company posted a solid first-quarter result. The monthly stock performance comes in at -3.79%.

American Express Company on April 19 reported first-quarter net income of $1.2 billion, down 13 percent from $1.4 billion in the year-ago quarter, which included certain subsequently discontinued cobrand partnerships. About 6.51M shares traded or 66.50% up from the average. Finally, Ngam Advisors L.P. boosted its position in shares of American Express Company by 11.9% in the second quarter. The company has market cap of $70.93 billion.

Increased rewards expenses somewhat offset higher revenue, as the company refreshed its American Express Platinum card to compete with other high-end cards, including a recent product launch by JPMorgan's Chase brand, the Chase Sapphire Reserve. Following the transaction, the director now owns 4,000 shares of the company's stock, valued at approximately $318,960.

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Shares of American Express Company (NYSE:AXP) opened at 79.51 on Friday. Total revenue, net of interest expenses, increased 5% year over year to $1.4 billion, primarily driven by higher Card Member spending. The stock has a market cap of $68.09 billion, a price-to-earnings ratio of 13.37 and a beta of 1.19. The stock has a 50-day moving average price of $78.41 and a 200 day moving average price of $73.97.

American Express Company (NYSE:AXP) last released its quarterly earnings results on Thursday, January 19th. After $0.27 actual earnings per share reported by Ellington Financial LLC for the previous quarter, Wall Street now forecasts 14.81% EPS growth. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.92 billion. American Express Company had a net margin of 16.63% and a return on equity of 33.49%.

Notably, excluding Costco-related business and the effect of foreign exchange rates owing to the impact of a stronger US dollar on worldwide operations during the quarter, adjusted revenues climbed 7% driven by higher adjusted Card Member spending and adjusted net interest income. Diluted earnings per share was $1.34, down 8 percent from $1.45 a year ago.

Among 10 analysts covering First Financial Bancorp (NASDAQ:FFBC), 3 have Buy rating, 1 Sell and 6 Hold. The ex-dividend date of this dividend was Wednesday, January 4th. This represents a $1.28 annualized dividend and a yield of 1.69%. American Express Company's payout ratio is 22.74%. Shares for $4,874 were bought by PURKRABEK KNUST SUSAN L on Thursday, January 5. Oppenheimer Holdings Inc. set a $97.00 price target on shares of American Express Company and gave the stock a "buy" rating in a report on Saturday, January 21st. Zacks Investment Research cut American Express Company from a "buy" rating to a "hold" rating in a research report on Friday, November 25th. The firm earned "Buy" rating on Monday, August 10 by Maxim Group.

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Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. The company presently has a consensus rating of "Hold" and a consensus price target of $76.02. The stock is now at a level that we consider to be in the middle of its trading range already. The ATR (Average True Range) value is 1. Earnings per share are calculated by dividing a company's net income by its number of shares outstanding. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

American Express Company, together with its subsidiaries, is a global services company. The Company's principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. The Company's segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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