American Express Co (AXP) Files Form 4 Insider Selling : Kenneth I Chenault Sells 838,968 Shares

American Express Co (AXP): Kenneth I Chenault , Chairman & CEO of American Express Co sold 838,968 shares on May 19, 2016. The Insider selling transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were sold at $62.65 per share for a total value of $52561344 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 26, 2016, Linda Zukauckas (EVP & Corporate Comptroller) sold 2,547 shares at $66.08 per share price.On Jan 28, 2016, Ronald A Williams (director) purchased 18,040 shares at $55.51 per share price.Also, On Nov 24, 2015, Ashwini Gupta (Pres-Risk/Info Mgmt & AXP CRO) sold 103,084 shares at $72.48 per share price.On Nov 13, 2015, Douglas E. Buckminster (Pres, Global Consumer Services) sold 46,345 shares at $72.85 per share price.

Shares of American Express Company (AXP) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.78 points or -1.23% at $62.74 with 45,87,020 shares getting traded. Post opening the session at $63.06, the shares hit an intraday low of $62.32 and an intraday high of $63.53 and the price vacillated in this range throughout the day. The company has a market cap of $59,667,810 M and the number of outstanding shares has been calculated to be 9,51,03,30,00,000 shares. The 52-week high of American Express Company is $81.92 and the 52-week low is $50.27.

American Express Company Money Flow Index Chart

On May 3, 2016, American Express Company announced a cash dividend of $0.2900. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Aug 10, 2016.

Company has been under the radar of several Street Analysts.American Express Company is Reiterated by DA Davidson to Neutral and the brokerage firm has raised the Price Target to $ 67 from a previous price target of $66 .The Rating was issued on Apr 21, 2016.American Express Company is Initiated by Compass Point to Buy and the brokerage firm has set the Price Target at $69. The Rating was issued on Apr 15, 2016.American Express Company is Reiterated by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 63 from a previous price target of $77 . The Rating was issued on Mar 11, 2016.

American Express Company is a global services company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Card Services International Card Services Global Commercial Services and Global Network & Merchant Services. The Company’s United States banking subsidiaries Centurion Bank and AEBFSB issue a range of Card products and services. It also issues its charge and credit Cards around the world either on its own or as cobrands with partnering institutions. The Company provides expense management and travel services to companies and organizations through its Global Corporate Payments and Global Business Travel businesses. The Global Network & Merchant Services (GNMS) segment operates a global payments network that processes and settles card transactions.

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