The CIO of American Express is Exercising Options

Today it was reported that the CIO of American Express (NYSE: AXP), Marc D. Gordon, exercised options to sell 25,948 AXP shares at $57.65 a share, for a total transaction value of $2.8M.

Following Marc D. Gordon’s last AXP Sell transaction on May 25, 2017, the stock climbed by 32.6%.

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Based on American Express’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $10.7 billion and quarterly net profit of $1.61 billion. In comparison, last year the company earned revenue of $8.87 billion and had a net profit of $1.33 billion. AXP’s market cap is $93.56B and the company has a P/E ratio of 28.63. Currently, American Express has an average volume of 2.94M.

Based on 13 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $109.00, reflecting a -0.5% downside.

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American Express Co. engages in the provision of charge and credit card products, and travel-related services. It operates through the following segments: U.S. Card Services (USCS); International Consumer and Network Services (ICNS); Global Commercial Services (GCS); Global Merchant Services (GMS), and Corporate and Other.