American Express (NYSE:AXP) shares fell 5.6% on Thursday . The company traded as low as $88.28 and last traded at $88.34. 5,543,959 shares were traded during mid-day trading, an increase of 33% from the average session volume of 4,167,447 shares. The stock had previously closed at $93.61.

A number of brokerages have weighed in on AXP. Zacks Investment Research lowered American Express from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. lowered American Express from an “overweight” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a report on Friday, January 12th. Sandler O’Neill restated a “buy” rating on shares of American Express in a report on Wednesday, January 17th. Barclays set a $119.00 price target on American Express and gave the stock an “equal weight” rating in a report on Thursday, January 11th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $103.00 price target on shares of American Express in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the company. American Express has a consensus rating of “Hold” and a consensus price target of $101.56.

The company has a debt-to-equity ratio of 3.11, a current ratio of 2.37 and a quick ratio of 1.90. The firm has a market capitalization of $82,660.00, a PE ratio of 30.68, a PEG ratio of 1.21 and a beta of 1.19.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.04. The firm had revenue of $8.84 billion during the quarter, compared to the consensus estimate of $8.73 billion. American Express had a return on equity of 26.07% and a net margin of 8.08%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $0.91 EPS. sell-side analysts anticipate that American Express will post 7.13 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 5th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, January 4th. American Express’s dividend payout ratio is currently 46.82%.

In other American Express news, CEO Kenneth I. Chenault sold 96,440 shares of American Express stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $97.30, for a total value of $9,383,612.00. Following the completion of the transaction, the chief executive officer now directly owns 1,178,333 shares of the company’s stock, valued at approximately $114,651,800.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James Peter Bush sold 12,789 shares of American Express stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05. Following the completion of the transaction, the insider now directly owns 92,504 shares of the company’s stock, valued at $9,199,522.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 326,110 shares of company stock valued at $31,858,001. 0.67% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AXP. Advisors Asset Management Inc. grew its position in shares of American Express by 4.9% during the third quarter. Advisors Asset Management Inc. now owns 143,134 shares of the payment services company’s stock worth $12,948,000 after buying an additional 6,709 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of American Express by 10.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,669 shares of the payment services company’s stock worth $478,000 after buying an additional 554 shares in the last quarter. Westpac Banking Corp grew its position in shares of American Express by 2.2% during the third quarter. Westpac Banking Corp now owns 243,683 shares of the payment services company’s stock worth $22,044,000 after buying an additional 5,252 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of American Express during the third quarter worth about $5,505,000. Finally, Shelton Capital Management acquired a new position in shares of American Express during the second quarter worth about $670,000. 83.56% of the stock is owned by institutional investors.

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American Express Company Profile

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. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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