American Express Company (NYSE:AXP)‘s stock had its “neutral” rating reaffirmed by equities researchers at Tigress Financial in a research note issued on Friday.
A number of other brokerages have also recently weighed in on AXP. Bank of America Corp upgraded shares of American Express Company from a “neutral” rating to a “buy” rating and increased their price target for the stock from $78.00 to $90.00 in a research note on Monday, January 9th. Nomura reiterated a “reduce” rating and set a $63.00 price target on shares of American Express Company in a research note on Saturday, December 10th. Susquehanna Bancshares Inc reiterated a “positive” rating on shares of American Express Company in a research note on Monday, December 26th. Zacks Investment Research upgraded shares of American Express Company from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Tuesday, January 24th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $80.00 price target on shares of American Express Company in a research note on Friday, January 20th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $75.98.
Shares of American Express Company (NYSE:AXP) opened at 77.60 on Friday. American Express Company has a 1-year low of $57.15 and a 1-year high of $82.00. The stock’s 50 day moving average is $79.16 and its 200-day moving average is $72.36. The stock has a market cap of $69.94 billion, a PE ratio of 13.73 and a beta of 1.19.
American Express Company (NYSE:AXP) last issued its quarterly earnings results on Thursday, January 19th. The payment services company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.07. The business had revenue of $8 billion for the quarter, compared to analyst estimates of $7.92 billion. American Express Company had a return on equity of 33.49% and a net margin of 16.63%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. On average, analysts predict that American Express Company will post $5.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 10th. Shareholders of record on Friday, April 7th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.65%. American Express Company’s dividend payout ratio (DPR) is currently 22.74%.
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In other American Express Company news, insider L Kevin Cox sold 77,006 shares of the firm’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $78.01, for a total transaction of $6,007,238.06. Following the completion of the transaction, the insider now directly owns 54,954 shares in the company, valued at approximately $4,286,961.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Joseph Brennan bought 4,000 shares of the company’s stock in a transaction on Wednesday, February 22nd. The shares were acquired at an average price of $79.74 per share, with a total value of $318,960.00. Following the completion of the acquisition, the director now directly owns 4,000 shares in the company, valued at approximately $318,960. The disclosure for this purchase can be found here. Insiders have sold a total of 164,306 shares of company stock valued at $12,814,347 over the last 90 days. 0.78% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. FNY Partners Fund LP purchased a new stake in American Express Company during the fourth quarter valued at about $111,000. Motco increased its stake in American Express Company by 31.6% in the third quarter. Motco now owns 1,815 shares of the payment services company’s stock valued at $116,000 after buying an additional 436 shares during the period. Capital Guardian Trust Co. increased its stake in American Express Company by 23.6% in the fourth quarter. Capital Guardian Trust Co. now owns 1,717 shares of the payment services company’s stock valued at $127,000 after buying an additional 328 shares during the period. Sowell Financial Services LLC purchased a new stake in American Express Company during the fourth quarter valued at about $128,000. Finally, Advisory Services Network LLC increased its stake in American Express Company by 10.4% in the third quarter. Advisory Services Network LLC now owns 2,140 shares of the payment services company’s stock valued at $137,000 after buying an additional 201 shares during the period. Hedge funds and other institutional investors own 81.71% of the company’s stock.
About American Express Company
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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