Shares of American Express Co. (NYSE:AXP) have received an average rating of “Hold” from the thirty-four research firms that are presently covering the company. Seven investment analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $69.44.
A number of equities analysts have weighed in on AXP shares. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $67.00 price target (up previously from $62.00) on shares of American Express in a research report on Tuesday, June 7th. Vetr raised American Express from a “sell” rating to a “hold” rating and set a $64.60 target price on the stock in a research report on Wednesday, June 8th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $68.00 target price on shares of American Express in a research report on Thursday, June 9th. Bank of America Corp. reaffirmed a “sell” rating on shares of American Express in a research report on Friday, June 10th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of American Express in a research report on Wednesday, June 15th.
American Express (NYSE:AXP) opened at 64.04 on Monday. American Express has a 52-week low of $50.27 and a 52-week high of $77.85. The company’s 50-day moving average price is $64.86 and its 200 day moving average price is $63.51. The firm has a market capitalization of $59.16 billion, a price-to-earnings ratio of 11.33 and a beta of 1.24.
American Express (NYSE:AXP) last announced its quarterly earnings results on Wednesday, July 20th. The payment services company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.15. The firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.33 billion. American Express had a return on equity of 28.00% and a net margin of 16.73%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 earnings per share. Equities research analysts predict that American Express will post $5.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, October 7th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This is an increase from American Express’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 2.00%. American Express’s dividend payout ratio (DPR) is currently 20.42%.
Hedge funds have recently modified their holdings of the stock. Williams Jones & Associates LLC increased its stake in shares of American Express by 934.9% in the second quarter. Williams Jones & Associates LLC now owns 144,086 shares of the payment services company’s stock valued at $8,755,000 after buying an additional 130,163 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of American Express during the second quarter valued at approximately $1,983,000. Kentucky Retirement Systems purchased a new stake in shares of American Express during the second quarter valued at approximately $4,177,000. Mason Street Advisors LLC purchased a new stake in shares of American Express during the second quarter valued at approximately $6,616,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of American Express by 0.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 48,951 shares of the payment services company’s stock valued at $2,974,000 after buying an additional 328 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.
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).
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