American Express (NYSE:AXP) had its target price raised by Stephens from $153.00 to $157.00 in a report released on Monday morning, The Fly reports. They currently have an equal weight rating on the payment services company’s stock.
AXP has been the subject of several other reports. Wells Fargo & Company reduced their target price on American Express from $215.00 to $190.00 and set an overweight rating for the company in a report on Wednesday, July 13th. Edward Jones upgraded American Express from a hold rating to a buy rating in a research note on Monday, June 6th. Oppenheimer set a $184.00 price objective on American Express in a research note on Tuesday, July 19th. Keefe, Bruyette & Woods dropped their price objective on American Express from $220.00 to $201.00 in a research note on Monday, July 11th. Finally, StockNews.com began coverage on American Express in a research note on Thursday, March 31st. They issued a hold rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, American Express currently has a consensus rating of Hold and a consensus price target of $179.82.
American Express Stock Performance
Shares of AXP opened at $153.79 on Monday. The firm has a market capitalization of $115.81 billion, a P/E ratio of 15.77, a P/E/G ratio of 1.19 and a beta of 1.15. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.63 and a current ratio of 1.78. The stock has a 50 day moving average price of $150.65 and a two-hundred day moving average price of $169.45. American Express has a 52 week low of $134.12 and a 52 week high of $199.55.
American Express (NYSE:AXP – Get Rating) last released its earnings results on Friday, July 22nd. The payment services company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.16. The company had revenue of $13.40 billion during the quarter, compared to analyst estimates of $12.54 billion. American Express had a return on equity of 32.90% and a net margin of 15.69%. American Express’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.80 earnings per share. Equities analysts forecast that American Express will post 9.63 earnings per share for the current fiscal year.
American Express Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Investors of record on Friday, July 1st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, June 30th. This represents a $2.08 annualized dividend and a dividend yield of 1.35%. American Express’s payout ratio is presently 21.33%.
Insider Buying and Selling
In related news, Director Theodore Leonsis sold 4,005 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $166.63, for a total value of $667,353.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other American Express news, Director Theodore Leonsis sold 4,005 shares of American Express stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $166.63, for a total transaction of $667,353.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen J. Squeri sold 48,160 shares of American Express stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $178.38, for a total value of $8,590,780.80. Following the sale, 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 owned by insiders.
Institutional Trading of American Express
Hedge funds have recently made changes to their positions in the stock. Blue Bell Private Wealth Management LLC boosted its position in shares of American Express by 873.3% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 146 shares of the payment services company’s stock worth $27,000 after purchasing an additional 131 shares in the last quarter. SBK Financial Inc. bought a new stake in shares of American Express in the 4th quarter worth approximately $25,000. Perkins Coie Trust Co bought a new stake in shares of American Express in the 1st quarter worth approximately $28,000. Tyler Stone Wealth Management bought a new stake in shares of American Express in the 4th quarter worth approximately $25,000. Finally, Rise Advisors LLC raised its holdings in American Express by 823.5% in the 1st quarter. Rise Advisors LLC now owns 157 shares of the payment services company’s stock worth $29,000 after acquiring an additional 140 shares during the last quarter. 85.49% of the stock is owned by institutional investors.
American Express Company Profile
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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