American Express (NYSE:AXP) Receives $220.30 Consensus Target Price from Brokerages

Shares of American Express (NYSE:AXP) have earned a consensus rating of “Hold” from the twenty-three ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $220.30.

Several brokerages recently issued reports on AXP. HSBC upped their target price on American Express from $232.00 to $239.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Robert W. Baird upped their target price on American Express from $190.00 to $205.00 and gave the company an “underperform” rating in a research report on Wednesday, May 1st. Evercore ISI upped their target price on American Express from $243.00 to $255.00 and gave the company an “in-line” rating in a research report on Wednesday, April 24th. Morgan Stanley increased their price objective on American Express from $222.00 to $226.00 and gave the company an “equal weight” rating in a report on Monday, April 22nd. Finally, Monness Crespi & Hardt raised American Express from a “neutral” rating to a “buy” rating and set a $245.00 price objective on the stock in a report on Friday, April 5th.

Check Out Our Latest Stock Analysis on American Express

American Express Trading Up 0.4 %

Shares of NYSE:AXP opened at $230.21 on Friday. The business’s 50-day moving average is $233.45 and its 200 day moving average is $213.25. American Express has a 1 year low of $140.91 and a 1 year high of $244.41. The firm has a market capitalization of $165.59 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.30 and a beta of 1.22. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.62 and a quick ratio of 1.62.

American Express (NYSE:AXPGet Free Report) last announced its earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.36. American Express had a return on equity of 32.46% and a net margin of 14.50%. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.79 billion. During the same period in the prior year, the company posted $2.40 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, research analysts predict that American Express will post 13 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, July 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.22%. This is a boost from American Express’s previous quarterly dividend of $0.10. American Express’s dividend payout ratio is presently 23.06%.

Insider Buying and Selling at American Express

In other American Express news, insider Anna Marrs sold 3,592 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $230.93, for a total transaction of $829,500.56. Following the completion of the transaction, the insider now owns 19,932 shares of the company’s stock, valued at $4,602,896.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jennifer Skyler sold 14,802 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $241.73, for a total value of $3,578,087.46. Following the completion of the sale, the insider now owns 16,371 shares of the company’s stock, valued at $3,957,361.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Anna Marrs sold 3,592 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $230.93, for a total value of $829,500.56. Following the completion of the sale, the insider now directly owns 19,932 shares of the company’s stock, valued at approximately $4,602,896.76. The disclosure for this sale can be found here. Insiders sold 177,717 shares of company stock valued at $41,680,999 over the last quarter. 0.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Express

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Scarborough Advisors LLC acquired a new stake in shares of American Express in the fourth quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new stake in American Express during the fourth quarter worth $28,000. Tennessee Valley Asset Management Partners acquired a new stake in American Express during the fourth quarter worth $28,000. Pacifica Partners Inc. acquired a new stake in American Express during the fourth quarter worth $29,000. Finally, Baldwin Brothers LLC MA increased its stake in American Express by 134.8% during the fourth quarter. Baldwin Brothers LLC MA now owns 155 shares of the payment services company’s stock worth $29,000 after acquiring an additional 89 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

About American Express

(Get Free Report

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.

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