Today, the Pres, Glb Consumer Svcs Grp of American Express (NYSE: AXP), Douglas Buckminster, sold shares of AXP for $376.7K.
Following Douglas Buckminster’s last AXP Sell transaction on May 02, 2017, the stock climbed by 19.9%. In addition to Douglas Buckminster, one other AXP executive reported Sell trades in the last month.
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Based on American Express’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $10.35 billion and quarterly net profit of $1.62 billion. In comparison, last year the company earned revenue of $8.38 billion and had a net profit of $1.23 billion. AXP’s market cap is $84.54B and the company has a P/E ratio of 28.74. Currently, American Express has an average volume of 905.8K.
14 different firms, including Merrill Lynch and Compass Point, currently also have a Sell rating on the stock. Based on 16 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $107.00, reflecting a -7.2% downside.
The insider sentiment on American Express has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Douglas Buckminster’s trades have generated a -18.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
