Shares of American Express (NYSE:AXP) have earned an average rating of “Buy” from the twenty-seven research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen 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 $112.77.
AXP has been the topic of several research analyst reports. Nomura upped their target price on shares of American Express from $128.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, October 19th. UBS Group upgraded shares of American Express from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Oppenheimer set a $113.00 target price on shares of American Express and gave the company a “buy” rating in a research note on Wednesday, July 18th. Wells Fargo & Co upped their target price on shares of American Express from $115.00 to $122.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. Finally, BMO Capital Markets upped their target price on shares of American Express from $106.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, October 19th.
AXP traded down $0.22 during midday trading on Monday, hitting $108.28. 4,443,980 shares of the company traded hands, compared to its average volume of 4,087,055. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market capitalization of $91.67 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.45 and a beta of 1.06. American Express has a 52 week low of $87.54 and a 52 week high of $111.77.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Friday, October 5th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, October 4th. This is a boost from American Express’s previous quarterly dividend of $0.35. American Express’s dividend payout ratio is 26.58%.
In other news, Chairman Stephen J. Squeri sold 12,500 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $103.84, for a total value of $1,298,000.00. Following the transaction, the chairman now owns 209,957 shares in the company, valued at approximately $21,801,934.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott Murcray acquired 350,000 shares of the stock in a transaction dated Monday, September 3rd. The stock was acquired at an average price of $0.28 per share, for a total transaction of $98,000.00. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in AXP. Destination Wealth Management increased its holdings in American Express by 165.4% in the 2nd quarter. Destination Wealth Management now owns 1,059 shares of the payment services company’s stock worth $104,000 after acquiring an additional 660 shares in the last quarter. Tuttle Tactical Management purchased a new stake in American Express in the 2nd quarter worth approximately $105,000. Lenox Wealth Advisors LLC increased its holdings in American Express by 1,173.8% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 1,070 shares of the payment services company’s stock worth $114,000 after acquiring an additional 986 shares in the last quarter. Sageworth Trust Co increased its holdings in American Express by 455.6% in the 3rd quarter. Sageworth Trust Co now owns 1,250 shares of the payment services company’s stock worth $133,000 after acquiring an additional 1,025 shares in the last quarter. Finally, Kiley Juergens Wealth Management LLC purchased a new stake in American Express in the 2nd quarter worth approximately $148,000. 82.98% of the stock is owned by institutional investors.
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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