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

American Express (NYSE:AXP) has been given an average rating of “Hold” by the twenty-two ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $192.26.

AXP has been the subject of several research analyst reports. StockNews.com initiated coverage on American Express in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley boosted their target price on American Express from $218.00 to $223.00 and gave the stock an “overweight” rating in a research report on Monday, March 28th. Robert W. Baird restated a “neutral” rating and set a $175.00 target price on shares of American Express in a research report on Tuesday, April 26th. Royal Bank of Canada boosted their target price on American Express from $195.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Monday, April 25th. Finally, Citigroup lifted their price objective on American Express from $187.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 26th.

In related news, CEO Stephen J. Squeri sold 48,160 shares of the company’s stock in a transaction dated Thursday, April 28th. The stock was 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 owns 31,285 shares in the company, valued at $5,580,618.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AXP. Blue Bell Private Wealth Management LLC raised its stake in American Express by 873.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 146 shares of the payment services company’s stock valued at $27,000 after buying an additional 131 shares during the period. SBK Financial Inc. bought a new stake in American Express in the fourth quarter valued at approximately $25,000. Perkins Coie Trust Co bought a new stake in American Express in the first quarter valued at approximately $28,000. Tyler Stone Wealth Management bought a new stake in American Express in the fourth quarter valued at approximately $25,000. Finally, Rise Advisors LLC raised its stake in American Express by 823.5% in the first quarter. Rise Advisors LLC now owns 157 shares of the payment services company’s stock valued at $29,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 85.49% of the company’s stock.

American Express stock opened at $169.60 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $127.72 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.08. American Express has a one year low of $149.71 and a one year high of $199.55. The business has a 50 day simple moving average of $175.55 and a 200 day simple moving average of $174.64.

American Express (NYSE:AXPGet Rating) last posted its earnings results on Friday, April 22nd. The payment services company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.43 by $0.30. The business had revenue of $11.74 billion during the quarter, compared to the consensus estimate of $11.66 billion. American Express had a return on equity of 33.35% and a net margin of 17.49%. American Express’s revenue was up 29.5% on a year-over-year basis. During the same quarter last year, the company earned $1.74 EPS. Equities analysts anticipate that American Express will post 9.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 10th. Stockholders of record on Friday, July 1st will be issued a $0.52 dividend. The ex-dividend date is Thursday, June 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.23%. American Express’s dividend payout ratio (DPR) is 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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