Shares of American Express (NYSE:AXP) have been assigned an average rating of “Hold” from the thirty-two analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $106.41.
A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of American Express in a report on Thursday. Oppenheimer set a $110.00 price objective on shares of American Express and gave the stock a “buy” rating in a report on Thursday, April 12th. Buckingham Research boosted their price objective on shares of American Express from $110.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada boosted their price objective on shares of American Express to $86.00 and gave the stock an “underperform” rating in a report on Thursday. Finally, Guggenheim reiterated a “hold” rating and set a $104.00 target price on shares of American Express in a research note on Thursday.
NYSE AXP traded up $5.46 during mid-day trading on Thursday, reaching $100.61. The stock had a trading volume of 7,290,417 shares, compared to its average volume of 3,945,965. American Express has a 1 year low of $75.97 and a 1 year high of $102.88. The firm has a market cap of $80,745.77, a P/E ratio of 17.20, a PEG ratio of 1.28 and a beta of 1.14. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 6th will be paid a $0.35 dividend. The ex-dividend date is Thursday, April 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.39%. American Express’s dividend payout ratio (DPR) is 23.85%.
In other news, insider James Peter Bush sold 13,356 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 100,790 shares in the company, valued at approximately $9,942,933.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. Certified Advisory Corp bought a new position in American Express in the 4th quarter worth $101,000. Zions Bancorporation boosted its holdings in American Express by 912.9% in the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock worth $121,000 after buying an additional 1,205 shares during the period. Trustcore Financial Services LLC bought a new position in American Express in the 4th quarter worth $128,000. Delpha Capital Management LLC bought a new position in American Express in the 4th quarter worth $138,000. Finally, First Dallas Securities Inc. bought a new position in American Express in the 4th quarter worth $139,000. Hedge funds and other institutional investors own 84.11% of the company’s stock.
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American Express Company Profile
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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