American Express (NYSE:AXP) had its price objective hoisted by Barclays from $112.00 to $119.00 in a research report report published on Friday.
A number of other equities analysts have also commented on AXP. Sandler O’Neill reissued a buy rating on shares of American Express in a report on Wednesday. Oppenheimer set a $117.00 price target on shares of American Express and gave the stock a buy rating in a report on Friday. Zacks Investment Research raised shares of American Express from a hold rating to a buy rating and set a $113.00 price target on the stock in a report on Thursday, January 11th. Piper Jaffray Companies reissued a hold rating and issued a $126.00 price target on shares of American Express in a report on Thursday. Finally, Stephens set a $89.00 price target on shares of American Express and gave the stock a hold rating in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the stock. American Express currently has an average rating of Hold and an average price target of $100.80.
American Express (AXP) traded down $1.83 during trading on Friday, reaching $98.03. 12,292,342 shares of the company were exchanged, compared to its average volume of 3,170,000. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31. The company has a market cap of $85,090.00, a price-to-earnings ratio of 18.92, a PEG ratio of 1.40 and a beta of 1.22. American Express has a twelve month low of $75.39 and a twelve month high of $102.39.
American Express (NYSE:AXP) last posted its earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.04. The business had revenue of $8.84 billion for the quarter, compared to analyst estimates of $8.73 billion. American Express had a net margin of 8.08% and a return on equity of 25.12%. American Express’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. research analysts anticipate that American Express will post 6.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be paid a $0.35 dividend. The ex-dividend date is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.43%. American Express’s dividend payout ratio (DPR) is 27.03%.
In other news, EVP Linda Zukauckas sold 3,196 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $95.42, for a total value of $304,962.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Sobbott sold 5,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $94.34, for a total transaction of $518,870.00. The disclosure for this sale can be found here. Insiders sold a total of 442,869 shares of company stock valued at $42,823,869 in the last ninety days. 0.67% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in American Express by 30.4% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock valued at $109,000 after buying an additional 300 shares during the period. Capital Analysts LLC purchased a new stake in American Express during the 2nd quarter valued at $115,000. Zions Bancorporation boosted its position in American Express by 912.9% during the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock valued at $121,000 after buying an additional 1,205 shares during the period. MV Capital Management Inc. boosted its position in American Express by 3.5% during the 2nd quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock valued at $122,000 after buying an additional 49 shares during the period. Finally, Westside Investment Management Inc. boosted its position in American Express by 0.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock valued at $129,000 after buying an additional 8 shares during the period. 83.36% of the stock is owned by institutional investors.
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About American Express
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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