Herena Monique, the Chief Colleague Experience Officer at American Express Co (NYSE:AXP), has sold 1,300 shares of the company's common stock. The shares were sold at a price of $287.70 each, totaling $374,010. Following this transaction, Monique holds approximately 12,694.867 shares. This figure includes shares acquired through dividend reinvestment.
In other recent news, American Express has reported strong third-quarter earnings, with earnings per share (EPS) reaching $3.49 and revenues totaling $16.6 billion, marking an 8% increase year-over-year. The company also raised its full-year EPS guidance to between $13.75 and $14.05. In a significant business transaction, UBS divested its 50% stake in Swisscard to American Express, marking a major shift in Swisscard's ownership. Analysts from TD Cowen and Baird have adjusted their price targets for American Express, with TD Cowen maintaining a hold rating and raising the price target to $268, while Baird kept an underperform rating and increased the target to $240. Meanwhile, BTIG reiterated its sell rating on American Express, maintaining a $230 price target. These are recent developments that highlight the dynamic changes within the financial industry.
InvestingPro Insights
As American Express Co (NYSE:AXP) continues to make headlines with insider transactions, it's worth noting some key financial metrics and insights from InvestingPro that paint a broader picture of the company's performance.
American Express has demonstrated strong financial health and market performance. According to InvestingPro data, the company boasts a market capitalization of $202.69 billion and has shown impressive revenue growth of 8.94% over the last twelve months as of Q3 2024. This growth is complemented by a solid gross profit margin of 55.7% for the same period.
InvestingPro Tips highlight that American Express has raised its dividend for 3 consecutive years and has maintained dividend payments for an impressive 54 consecutive years. This consistent dividend policy underscores the company's financial stability and commitment to shareholder returns. Additionally, the company is trading near its 52-week high, with a price that is 96.89% of its 52-week high, indicating strong investor confidence.
The company's P/E ratio stands at 21.18, which, when considered alongside its PEG ratio of 0.76, suggests that the stock may be undervalued relative to its earnings growth potential. This aligns with another InvestingPro Tip noting that AXP is trading at a low P/E ratio relative to near-term earnings growth.
For investors seeking more comprehensive analysis, InvestingPro offers additional tips and insights. In fact, there are 13 more InvestingPro Tips available for American Express, providing a deeper understanding of the company's financial position and market outlook.
The recent insider sale by Herena Monique occurs against this backdrop of strong financial performance and positive market indicators. While insider transactions can provide valuable signals, they should be considered alongside broader financial metrics and market trends when making investment decisions.
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