American Express (NYSE:AXP) – Piper Jaffray dropped their Q3 2018 EPS estimates for American Express in a report released on Wednesday, April 18th. Piper Jaffray analyst J. Deleeuw now forecasts that the payment services company will post earnings of $1.79 per share for the quarter, down from their previous forecast of $1.80. Piper Jaffray currently has a “Hold” rating and a $126.00 target price on the stock. Piper Jaffray also issued estimates for American Express’ Q4 2018 earnings at $1.74 EPS, Q1 2019 earnings at $2.05 EPS, Q2 2019 earnings at $2.16 EPS, Q3 2019 earnings at $2.05 EPS, Q4 2019 earnings at $1.99 EPS and FY2019 earnings at $8.25 EPS.
Other research analysts have also issued research reports about the company. Guggenheim reiterated a “hold” rating and set a $104.00 price target on shares of American Express in a report on Thursday. Zacks Investment Research upgraded 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. Morgan Stanley lifted their price target on American Express from $108.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Buckingham Research raised their price objective on American Express from $110.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Oppenheimer set a $117.00 price objective on American Express and gave the stock a “buy” rating in a research report on Tuesday, March 13th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $106.09.
NYSE AXP opened at $100.79 on Friday. American Express has a 52 week low of $75.97 and a 52 week high of $102.96. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a market cap of $81,855.53, a PE ratio of 17.17, a P/E/G ratio of 1.30 and a beta of 1.14.
American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, April 18th. The payment services company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.71 by $0.15. American Express had a return on equity of 28.22% and a net margin of 8.79%. The business had revenue of $9.72 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the firm earned $1.34 EPS. The company’s quarterly revenue was up 11.6% compared to the same quarter last year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Laurel Wealth Advisors Inc. boosted its stake in shares of American Express by 12.5% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 4,918 shares of the payment services company’s stock valued at $488,000 after buying an additional 546 shares during the period. Tiedemann Wealth Management LLC boosted its stake in shares of American Express by 1.7% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 33,435 shares of the payment services company’s stock valued at $634,000 after buying an additional 564 shares during the period. Ashfield Capital Partners LLC boosted its stake in shares of American Express by 4.2% in the 3rd quarter. Ashfield Capital Partners LLC now owns 14,334 shares of the payment services company’s stock valued at $1,297,000 after buying an additional 575 shares during the period. Rodgers Brothers Inc. boosted its stake in shares of American Express by 1.3% in the 3rd quarter. Rodgers Brothers Inc. now owns 43,575 shares of the payment services company’s stock valued at $3,942,000 after buying an additional 575 shares during the period. Finally, Braun Stacey Associates Inc. boosted its stake in shares of American Express by 12.3% in the 4th quarter. Braun Stacey Associates Inc. now owns 5,250 shares of the payment services company’s stock valued at $521,000 after buying an additional 575 shares during the period. Institutional investors and hedge funds own 84.11% of the company’s stock.
In other American Express news, insider James Peter Bush sold 13,356 shares of American Express stock in a transaction dated 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 directly owns 100,790 shares of the company’s stock, valued at approximately $9,942,933.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Friday, April 6th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, April 5th. American Express’s dividend payout ratio is currently 23.85%.
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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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