American Express (NYSE:AXP) has earned an average rating of “Hold” from the twenty-one analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $184.12.
A number of brokerages recently issued reports on AXP. Wolfe Research cut American Express from an “outperform” rating to a “peer perform” rating and cut their target price for the stock from $213.00 to $146.00 in a report on Thursday, May 12th. Piper Sandler dropped their price objective on American Express from $202.00 to $163.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 6th. Robert W. Baird upgraded American Express from a “neutral” rating to an “outperform” rating and set a $175.00 target price on the stock in a research note on Friday, June 17th. Wells Fargo & Company lowered their target price on American Express from $215.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Oppenheimer reiterated a “buy” rating and set a $212.00 target price on shares of American Express in a research note on Friday, June 10th.
American Express Price Performance
NYSE:AXP opened at $142.48 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.63 and a quick ratio of 1.63. The firm’s fifty day moving average price is $151.75 and its two-hundred day moving average price is $170.31. American Express has a one year low of $134.12 and a one year high of $199.55. The company has a market cap of $107.30 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.05 and a beta of 1.15.
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, beating the consensus estimate of $2.43 by $0.30. American Express had a return on equity of 33.35% and a net margin of 17.49%. The company had revenue of $11.74 billion during the quarter, compared to the consensus estimate of $11.66 billion. During the same quarter in the prior year, the firm posted $1.74 earnings per share. The firm’s revenue was up 29.5% compared to the same quarter last year. Equities analysts expect that American Express will post 9.76 earnings per share for the current year.
American Express Announces Dividend
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 $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, June 30th. American Express’s payout ratio is 20.84%.
Insider Buying and Selling
In other American Express news, CEO Stephen J. Squeri sold 48,160 shares of American Express stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $178.38, for a total transaction of $8,590,780.80. Following the completion of the sale, the chief executive officer now directly owns 31,285 shares of the company’s stock, valued at approximately $5,580,618.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Stephen J. Squeri sold 48,160 shares of the business’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $178.38, for a total transaction of $8,590,780.80. Following the transaction, the chief executive officer now directly owns 31,285 shares in the company, valued at approximately $5,580,618.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Theodore Leonsis sold 4,005 shares of American Express 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 disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On American Express
Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in American Express in the 4th quarter worth about $993,440,000. Invesco Ltd. increased its stake in American Express by 19.2% during the 1st quarter. Invesco Ltd. now owns 6,416,785 shares of the payment services company’s stock worth $1,199,937,000 after buying an additional 1,032,350 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in American Express by 7.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 13,392,391 shares of the payment services company’s stock worth $2,504,375,000 after buying an additional 906,904 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of American Express by 39.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,097,746 shares of the payment services company’s stock valued at $506,791,000 after purchasing an additional 869,167 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its position in shares of American Express by 112.7% in the first quarter. Lord Abbett & CO. LLC now owns 1,293,577 shares of the payment services company’s stock valued at $241,901,000 after purchasing an additional 685,478 shares in the last quarter. Institutional investors and hedge funds own 85.49% of the company’s stock.
About American Express
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.
Want More Great Investing Ideas?
Receive News & Ratings for American Express Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Express and related companies with MarketBeat.com’s FREE daily email newsletter.