Stock traders buying large amounts of American Express Put (NYSE: AXP) options

American Express (NYSE: AXP) saw some unusual options trading activity on Thursday. Investors received 1,633 put options in the stock. This is an increase of approximately 47% compared to the average daily volume of 13,390 put options.

Analysts are promoted and lowered

AXP has been the subject of several recent analyst reports. Barclays raised its price target on American Express from $157.00 to $160.00 and gave the company an “equal” rating in a research note on Monday, July 25th. Morgan Stanley raised its price target for American Express shares from $143.00 to $155.00 and gave the company an “equal” rating in a research note on Monday, July 25th. Keefe and Bruyette & Woods cut their price target on American Express from $220.00 to $201.00 in a research note on Monday, July 11. Oppenheimer set $184.00 as a price target on American Express in a research report on Tuesday, July 19th. Finally, Wells Fargo & Company lowered its price target on American Express from $215.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, American Express has a consensus rating of “Hold” and an average price target of $181.53.

American Express Price Performance

NYSE AXP traded down $5.86 during trading Thursday, reaching $142.85. 140,754 shares of stock were traded, compared to an average trading volume of 2,698,691. The company has a market capitalization of $107.10 billion, a price-earnings ratio of 15.25, a price-earnings ratio of 1.25 and a beta of 1.14. American Express had a 12-month low of $134.12 and a 12-month high of $199.55. The company has a 50-day simple moving average of $154.91 and a 200-day simple moving average of $162.28. The company has a quick ratio of 1.63, a trading ratio of 1.63 and a debt-to-equity ratio of 1.74.

American Express (NYSE: AXP – Get Rating) published its latest earnings results on Friday, July 22nd. The payment services company reported earnings of $2.57 per share for the quarter, topping analysts’ estimates of $2.41 by $0.16. The company generated $13.40 billion in revenue for the quarter, compared to the consensus estimate of $12.54 billion. American Express has a net profit margin of 15.69% and a return on equity of 32.81%. Business quarterly revenue increased 30.8% year over year. During the same period in the previous year, the company reported $2.80 in earnings per share. As a group, analysts expect American Express to report 9.88 earnings per share for the current year.

Institutional inflows and outflows

Several institutional investors have recently added or reduced their stakes in AXP. Wesbanco Bank Inc. has grown. Its position in American Express increased 1.3% in the first quarter. Wesbanco Bank Inc. owns. Now 4,426 shares of the payment services company’s stock are valued at $827,000 after purchasing an additional 55 shares in the last quarter. Grove Bank & Trust boosted its position in shares of American Express by 1.7% during the first quarter. Grove Bank & Trust now owns 3,472 shares of the payment services company’s stock, valued at $649,000 after purchasing an additional 57 shares in the last quarter. NTV Asset Management LLC boosted its position in shares of American Express by 0.7% during the first quarter. NTV Asset Management LLC now owns 8,685 shares of the payment services company’s stock valued at $1,624,000 after purchasing an additional 60 shares in the last quarter. St. John’s Investment Management LLC boosted its position in shares of American Express by 0.6% during the first quarter. The company owns St. Finally, Welch Group LLC boosted its position in shares of American Express by 0.5% during the first quarter. Welch Group LLC now owns 13,076 shares of the payment services company’s stock valued at $2,445,000,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 84.10% of the company’s stock.

About American Express

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American Express, along with its subsidiaries, provides debit and credit card products and travel-related services throughout the world. The company operates through three segments: Global Consumer Services Group, Global Merchant and Network Services. Its products and services include payment and financing products; network services; Accounts payable expense management products and services; Travel and lifestyle services.

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