American Express (NYSE:AXP) had its target price decreased by Barclays from $190.00 to $157.00 in a research note published on Monday, The Fly reports. Barclays currently has an equal weight rating on the payment services company’s stock.
AXP has been the subject of a number of other reports. Citigroup increased their target price on shares of American Express from $187.00 to $190.00 and gave the company a neutral rating in a report on Tuesday, April 26th. Wolfe Research cut American Express from an outperform rating to a peer perform rating and reduced their price objective for the stock from $213.00 to $146.00 in a report on Thursday, May 12th. Royal Bank of Canada boosted their target price on American Express from $195.00 to $200.00 and gave the stock a sector perform rating in a research report on Monday, April 25th. Edward Jones upgraded American Express from a hold rating to a buy rating in a research report on Monday, June 6th. Finally, Piper Sandler decreased their price objective on shares of American Express from $202.00 to $163.00 and set an overweight rating on the stock in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $190.29.
Shares of AXP stock opened at $140.58 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.71. The stock has a 50 day simple moving average of $154.36 and a 200-day simple moving average of $171.05. The company has a market cap of $105.87 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15. American Express has a 12-month low of $134.30 and a 12-month high of $199.55.
American Express (NYSE:AXP – Get Rating) last released its quarterly earnings data on Friday, April 22nd. The payment services company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.30. The firm had revenue of $11.74 billion during the quarter, compared to analysts’ expectations of $11.66 billion. American Express had a return on equity of 33.35% and a net margin of 17.49%. American Express’s revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.74 earnings per share. On average, equities analysts forecast that American Express will post 9.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 10th. Stockholders of record on Friday, July 1st will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, June 30th. American Express’s dividend payout ratio is currently 20.84%.
In other American Express news, Director Theodore Leonsis sold 4,005 shares of the stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $166.63, for a total transaction of $667,353.15. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stephen J. Squeri sold 48,160 shares of the stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $178.38, for a total value of $8,590,780.80. Following the completion of the transaction, the chief executive officer now directly owns 31,285 shares in the company, valued at $5,580,618.30. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cypress Wealth Services LLC raised its stake in shares of American Express by 1.6% in the 4th quarter. Cypress Wealth Services LLC now owns 4,516 shares of the payment services company’s stock valued at $739,000 after acquiring an additional 71 shares during the period. Profit Investment Management LLC lifted its position in American Express by 37.6% during the 4th quarter. Profit Investment Management LLC now owns 4,646 shares of the payment services company’s stock worth $760,000 after acquiring an additional 1,270 shares in the last quarter. Johanson Financial Advisors Inc. boosted its holdings in American Express by 12.4% in the 4th quarter. Johanson Financial Advisors Inc. now owns 1,391 shares of the payment services company’s stock worth $228,000 after acquiring an additional 153 shares during the period. Newbridge Financial Services Group Inc. grew its position in American Express by 99.5% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 401 shares of the payment services company’s stock valued at $66,000 after acquiring an additional 200 shares in the last quarter. Finally, Weybosset Research & Management LLC grew its position in American Express by 8.1% in the fourth quarter. Weybosset Research & Management LLC now owns 2,000 shares of the payment services company’s stock valued at $327,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 85.49% of the company’s stock.
About American Express (Get Rating)
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.
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