American Express (NYSE:AXP) Given Average Rating of “Hold” by Brokerages

American Express (NYSE:AXP) has earned a consensus rating of “Hold” from the twenty-two brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $196.47.

A number of equities analysts have commented on the stock. Citigroup upped their target price on shares of American Express from $187.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 26th. Oppenheimer restated an “outperform” rating and issued a $200.00 target price on shares of American Express in a research note on Wednesday, March 23rd. Stephens upped their target price on shares of American Express from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 26th. Wells Fargo & Company upped their target price on shares of American Express from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of American Express from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, January 26th.

In other news, insider Anre D. Williams sold 139,909 shares of the company’s stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $196.82, for a total transaction of $27,536,889.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Stephen J. Squeri sold 48,160 shares of the business’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $178.38, for a total transaction of $8,590,780.80. Following the sale, the chief executive officer now directly owns 31,285 shares in the company, valued at $5,580,618.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 189,873 shares of company stock worth $36,472,992. Insiders own 0.11% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in AXP. Morgan Stanley grew its holdings in shares of American Express by 6.7% during the second quarter. Morgan Stanley now owns 9,916,986 shares of the payment services company’s stock valued at $1,638,584,000 after buying an additional 622,891 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in American Express by 4.8% in the third quarter. Advisor Group Holdings Inc. now owns 156,133 shares of the payment services company’s stock valued at $26,257,000 after purchasing an additional 7,185 shares during the last quarter. Calton & Associates Inc. boosted its holdings in American Express by 10.4% in the third quarter. Calton & Associates Inc. now owns 1,579 shares of the payment services company’s stock valued at $264,000 after purchasing an additional 149 shares during the last quarter. First National Trust Co boosted its holdings in American Express by 1.2% in the third quarter. First National Trust Co now owns 27,740 shares of the payment services company’s stock valued at $4,647,000 after purchasing an additional 328 shares during the last quarter. Finally, AIA Group Ltd boosted its holdings in American Express by 40.9% in the third quarter. AIA Group Ltd now owns 2,663 shares of the payment services company’s stock valued at $446,000 after purchasing an additional 773 shares during the last quarter. 85.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:AXP opened at $171.62 on Tuesday. The company has a market capitalization of $129.24 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.49 and a beta of 1.08. American Express has a 12 month low of $149.89 and a 12 month high of $199.55. The firm’s 50-day moving average is $182.06 and its 200 day moving average is $176.70. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.71.

American Express (NYSE:AXPGet Rating) last issued its earnings results on Friday, April 22nd. The payment services company reported $2.73 EPS for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.32. The business had revenue of $11.74 billion for the quarter, compared to the consensus estimate of $11.66 billion. American Express had a net margin of 17.49% and a return on equity of 33.35%. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.74 EPS. As a group, equities analysts forecast that American Express will post 9.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 10th. Stockholders of record on Friday, April 8th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, April 7th. This is an increase from American Express’s previous quarterly dividend of $0.43. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.21%. American Express’s dividend payout ratio is presently 20.84%.

About American Express (Get Rating)

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

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Analyst Recommendations for American Express (NYSE:AXP)

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