Oppenheimer set a $117.00 target price on American Express (NYSE:AXP) in a report issued on Friday, January 19th. The brokerage currently has a buy rating on the payment services company’s stock.
A number of other analysts have also recently issued reports on the company. Bank of America set a $128.00 price objective on American Express and gave the stock a buy rating in a report on Monday, December 18th. Keefe, Bruyette & Woods reissued a buy rating and set a $116.00 price objective on shares of American Express in a report on Friday, December 22nd. JPMorgan Chase & Co. cut American Express from an overweight rating to a neutral rating and set a $90.00 price objective on the stock. in a report on Friday, January 12th. Wells Fargo & Co reissued an outperform rating and set a $115.00 price objective (up previously from $105.00) on shares of American Express in a report on Tuesday, January 9th. Finally, Deutsche Bank began coverage on American Express in a research note on Tuesday, January 2nd. They issued a buy rating and a $118.00 target price on the stock. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. American Express currently has an average rating of Hold and a consensus target price of $102.68.
Shares of American Express (AXP) traded up $2.98 on Friday, reaching $94.70. The company had a trading volume of 7,385,685 shares, compared to its average volume of 4,160,000. The stock has a market cap of $82,200.00, a PE ratio of 31.67, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. The company has a debt-to-equity ratio of 3.11, a current ratio of 2.37 and a quick ratio of 1.90. American Express has a twelve month low of $75.51 and a twelve month high of $102.39.
American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.04. The business had revenue of $8.84 billion for the quarter, compared to analysts’ expectations of $8.73 billion. American Express had a return on equity of 26.07% and a net margin of 8.08%. The firm’s quarterly 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 predict that American Express will post 7.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 5th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $1.40 annualized dividend and a dividend yield of 1.48%. American Express’s dividend payout ratio (DPR) is presently 46.82%.
In related news, insider Ashwini Gupta sold 57,306 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $95.04, for a total transaction of $5,446,362.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James Peter Bush sold 13,356 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $98.65, for a total value of $1,317,569.40. Following the transaction, the insider now owns 100,790 shares in the company, valued at $9,942,933.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 326,110 shares of company stock worth $31,858,001. 0.67% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Westside Investment Management Inc. lifted its holdings in American Express by 0.5% in the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after buying an additional 8 shares during the period. Dearborn Partners LLC lifted its holdings in American Express by 0.6% in the 2nd quarter. Dearborn Partners LLC now owns 2,861 shares of the payment services company’s stock worth $241,000 after buying an additional 18 shares during the period. Advisory Services Network LLC lifted its holdings in American Express by 0.4% in the 2nd quarter. Advisory Services Network LLC now owns 5,635 shares of the payment services company’s stock worth $475,000 after buying an additional 25 shares during the period. Sigma Investment Counselors Inc. lifted its holdings in American Express by 1.2% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 3,490 shares of the payment services company’s stock worth $294,000 after buying an additional 40 shares during the period. Finally, Salem Investment Counselors Inc. lifted its holdings in American Express by 1.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 2,866 shares of the payment services company’s stock worth $241,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 83.37% of the company’s stock.
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American Express Company Profile
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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