Traders purchased shares of American Express (NYSE:AXP) on weakness during trading on Friday. $129.97 million flowed into the stock on the tick-up and $70.61 million flowed out of the stock on the tick-down, for a money net flow of $59.36 million into the stock. Of all stocks tracked, American Express had the 32nd highest net in-flow for the day. American Express traded down ($0.96) for the day and closed at $90.45
A number of equities analysts have recently issued reports on the company. ValuEngine cut American Express from a “buy” rating to a “hold” rating in a report on Friday. Sandler O’Neill set a $109.00 target price on American Express and gave the company a “buy” rating in a report on Thursday, March 15th. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Thursday, January 11th. Morgan Stanley increased their target price on American Express from $108.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Finally, Guggenheim cut American Express from a “buy” rating to a “neutral” rating and increased their target price for the company from $98.03 to $102.00 in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the stock. American Express has a consensus rating of “Hold” and an average price target of $103.89.
The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.06. The firm has a market cap of $81,502.81, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16.
American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.04. American Express had a return on equity of 26.00% and a net margin of 8.08%. The business had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter last year, the business posted $0.91 EPS. The business’s revenue was up 10.2% on a year-over-year basis. research analysts anticipate that American Express will post 7.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 6th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, April 5th. American Express’s dividend payout ratio is currently 48.28%.
In other news, insider James Peter Bush sold 13,356 shares of the 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 completion of the transaction, the insider now owns 100,790 shares of the company’s stock, valued at approximately $9,942,933.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in AXP. UBS Asset Management Americas Inc. raised its position in shares of American Express by 59.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 5,305,396 shares of the payment services company’s stock worth $526,879,000 after acquiring an additional 1,968,718 shares in the last quarter. Millennium Management LLC raised its position in shares of American Express by 847.9% in the 4th quarter. Millennium Management LLC now owns 1,480,273 shares of the payment services company’s stock worth $147,006,000 after acquiring an additional 1,324,105 shares in the last quarter. Swedbank bought a new position in shares of American Express in the 4th quarter worth approximately $98,751,000. Janus Henderson Group PLC raised its position in shares of American Express by 55.9% in the 3rd quarter. Janus Henderson Group PLC now owns 2,675,599 shares of the payment services company’s stock worth $242,003,000 after acquiring an additional 959,824 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of American Express by 373.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,155,096 shares of the payment services company’s stock worth $114,710,000 after acquiring an additional 911,306 shares in the last quarter. 84.09% of the stock is owned by hedge funds and other 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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