American Express beats as card member spending jumps

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Bank of America Corp upgraded American Express Company from a neutral rating to a buy rating and upped their target price for the stock from $78.00 to $90.00 in a research note on Monday, January 9th. The Relative Volume value measured for Express Scripts Holding Company (ESRX) is 0.82. The Signaturefd Llc holds 10,440 shares with $718,000 value, up from 2,000 last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of American Express Company during the third quarter valued at $288,000. The stock increased 0.30% or $0.2 during the last trading session, reaching $66.67. American Express Company has a one year low of $57.15 and a one year high of $82.00. The stock now has a Market Cap of $77.97B.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 9.34%, and has a solid year to date (YTD) performance of 4.36% which means the stock is constantly adding to its value from the previous fiscal year end price.

American Express's expenses ticked up slightly to $5.5 billion.

Companywide, revenue fell 2% to $7.9 billion but still beat the FactSet consensus of $7.8 billion.

While there are a number of profitability ratios that measure a company's ability to generate profit from the sales or services it provides, one of the most important is the net profit margin. The business's quarterly revenue was down 5.0% on a year-over-year basis. Sure, the percentage is discouraging but better times are ahead as looking out over a next 5-year period, analysts expect the company to see its earnings go up by 35%, annually. That amounted to $1.34 a share, beating the $1.27 average estimate of 26 analysts surveyed by Bloomberg.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 10th. Montgomery Investment Mgmt Inc accumulated 7,292 shares or 0.23% of the stock. The ex-dividend date of this dividend is Wednesday, April 5th. On Friday, October 21 Gupta Ashwini sold $9.46 million worth of American Express Company (NYSE:AXP) or 140,808 shares. If you are reading this article on another domain, it was stolen and reposted in violation of United States and worldwide trademark & copyright laws. Oppenheimer maintained the shares of AXP in report on Friday, January 22 with "Underperform" rating. Express Scripts Holding Company (NASDAQ:ESRX) has declined 7.82% since September 8, 2016 and is downtrending. Vetr upgraded shares of American Express Company from a "buy" rating to a "strong-buy" rating and set a $86.04 target price for the company in a research report on Monday, January 23rd. S&P Research downgraded American Express Company (NYSE:AXP) on Thursday, July 23 to "Hold" rating. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock.

FILE - This Jan. 21, 2015, file photo, shows a sign for American Express outside a NY business. The shares were sold at an average price of $77.93, for a total transaction of $2,550,337.18. Canandaigua National Bank & Trust Co. now owns 15,458 shares of the payment services company's stock valued at $990,000 after buying an additional 366 shares during the period. The transaction 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. Insiders own 0.20% of the company shares. The disclosure for this sale can be found here. Blb&B Advisors Limited Liability has 0.37% invested in American Express Company (NYSE:AXP). The company also previous year ramped up marketing and promotions on its platinum charge card. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS). Hm Payson & has invested 0.04% in Express Scripts Holding Company (NASDAQ:ESRX).

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