American Express Co. (NYSE:AXP)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a note issued to investors on Friday.
Other analysts also recently issued research reports about the company. Barclays PLC set a $83.00 price objective on American Express and gave the stock a “hold” rating in a research note on Sunday, January 8th. JMP Securities reaffirmed a “market perform” rating on shares of American Express in a research report on Friday. Vetr raised American Express from a “sell” rating to a “hold” rating and set a $71.86 target price on the stock in a research report on Wednesday, December 14th. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, October 24th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $60.00 target price on shares of American Express in a research report on Saturday, October 22nd. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have issued a buy rating to the stock. American Express presently has an average rating of “Hold” and a consensus price target of $73.12.
Shares of American Express (NYSE:AXP) opened at 76.69 on Friday. American Express has a 52 week low of $50.27 and a 52 week high of $78.00. The firm has a market capitalization of $70.19 billion, a price-to-earnings ratio of 13.63 and a beta of 1.20. The firm has a 50-day moving average price of $74.91 and a 200-day moving average price of $67.60.
American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, January 19th. The payment services company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.07. American Express had a return on equity of 27.84% and a net margin of 16.67%. The firm earned $8 billion during the quarter, compared to the consensus estimate of $7.92 billion. During the same period in the prior year, the firm posted $1.23 EPS. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. On average, equities analysts expect that American Express will post $5.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 10th. Investors of record on Friday, January 6th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, January 4th. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. American Express’s dividend payout ratio is presently 22.70%.
In related news, insider Ashwini Gupta sold 146,030 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $72.28, for a total transaction of $10,555,048.40. Following the completion of the transaction, the insider now owns 298,910 shares of the company’s stock, valued at approximately $21,605,214.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Sobbott sold 19,186 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $70.45, for a total value of $1,351,653.70. Following the transaction, the insider now directly owns 56,870 shares of the company’s stock, valued at approximately $4,006,491.50. The disclosure for this sale can be found here. Insiders have sold a total of 272,692 shares of company stock valued at $19,988,289 in the last three months. 0.78% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of AXP. Banced Corp purchased a new position in American Express during the second quarter valued at approximately $639,000. LS Investment Advisors LLC boosted its position in American Express by 2.8% in the second quarter. LS Investment Advisors LLC now owns 26,753 shares of the payment services company’s stock valued at $1,626,000 after buying an additional 734 shares during the period. Checchi Capital Advisers LLC boosted its position in American Express by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 6,197 shares of the payment services company’s stock valued at $377,000 after buying an additional 68 shares during the period. Grimes & Company Inc. boosted its position in American Express by 2.6% in the second quarter. Grimes & Company Inc. now owns 9,799 shares of the payment services company’s stock valued at $595,000 after buying an additional 245 shares during the period. Finally, RS Investment Management Co. LLC boosted its position in American Express by 1.0% in the second quarter. RS Investment Management Co. LLC now owns 700,711 shares of the payment services company’s stock valued at $42,575,000 after buying an additional 6,791 shares during the period. 80.61% of the stock is owned by institutional investors and hedge funds.
American Express Company Profile
American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).