American Express (NYSE:AXP)‘s stock had its “outperform” rating reissued by research analysts at William Blair in a research note issued on Friday, March 16th. William Blair also issued estimates for American Express’ Q4 2018 earnings at $1.85 EPS, Q1 2019 earnings at $1.96 EPS, Q2 2019 earnings at $2.02 EPS, Q3 2019 earnings at $2.05 EPS and Q4 2019 earnings at $2.12 EPS.
AXP has been the topic of several other research reports. Wells Fargo reiterated an “outperform” rating and set a $115.00 price target (up previously from $105.00) on shares of American Express in a research report on Tuesday, January 9th. Credit Suisse Group reiterated a “hold” rating and set a $94.00 price target on shares of American Express in a research report on Friday, March 16th. ValuEngine cut shares of American Express from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Barclays boosted their price target on shares of American Express from $112.00 to $119.00 in a research report on Friday, January 19th. Finally, Nomura upgraded shares of American Express from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $104.38.
Shares of AXP stock traded down $2.29 during mid-day trading on Friday, reaching $91.91. The stock had a trading volume of 2,968,942 shares, compared to its average volume of 3,613,379. American Express has a 52-week low of $75.51 and a 52-week high of $102.39. The stock has a market capitalization of $79,068.24, a price-to-earnings ratio of 15.66, a PEG ratio of 1.26 and a beta of 1.14. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.06.
American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.04. American Express had a net margin of 8.08% and a return on equity of 26.00%. The firm had revenue of $8.84 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. equities analysts predict that American Express will post 7.14 EPS for the current year.
In other news, insider James Peter Bush sold 13,356 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of AXP. UBS Asset Management Americas Inc. lifted its stake in shares of American Express by 59.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 5,305,396 shares of the payment services company’s stock worth $526,879,000 after buying an additional 1,968,718 shares in the last quarter. Millennium Management LLC lifted its position in American Express by 847.9% during the fourth quarter. Millennium Management LLC now owns 1,480,273 shares of the payment services company’s stock valued at $147,006,000 after purchasing an additional 1,324,105 shares during the period. Swedbank bought a new position in American Express during the fourth quarter valued at approximately $98,751,000. Janus Henderson Group PLC lifted its position in American Express by 55.9% during the third quarter. Janus Henderson Group PLC now owns 2,675,599 shares of the payment services company’s stock valued at $242,003,000 after purchasing an additional 959,824 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in American Express by 373.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,155,096 shares of the payment services company’s stock valued at $114,710,000 after purchasing an additional 911,306 shares during the period. Hedge funds and other institutional investors own 84.11% of the company’s stock.
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About American Express
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
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