American Express (NYSE:AXP) Receives “Maintains” Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their maintains rating on shares of American Express (NYSE:AXP) in a research report released on Tuesday, Benzinga reports.

A number of other brokerages have also recently issued reports on AXP. Wells Fargo & Company lowered their target price on American Express from $215.00 to $190.00 and set an overweight rating for the company in a report on Wednesday, July 13th. Piper Sandler lowered their target price on American Express from $202.00 to $163.00 and set an overweight rating for the company in a report on Wednesday, July 6th. Barclays upped their target price on American Express from $157.00 to $160.00 and gave the stock an equal weight rating in a report on Monday. Keefe, Bruyette & Woods lowered their target price on American Express from $220.00 to $201.00 in a report on Monday, July 11th. Finally, Citigroup upped their target price on American Express from $148.00 to $159.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $178.00.

American Express Price Performance

Shares of AXP stock opened at $152.14 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.74. American Express has a twelve month low of $134.12 and a twelve month high of $199.55. The company has a market cap of $114.07 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.17 and a beta of 1.15. The business has a fifty day simple moving average of $150.28 and a 200 day simple moving average of $169.04.

American Express (NYSE:AXPGet Rating) last announced its quarterly earnings data on Friday, July 22nd. The payment services company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.16. American Express had a return on equity of 32.81% and a net margin of 15.69%. The business had revenue of $13.40 billion during the quarter, compared to the consensus estimate of $12.54 billion. During the same period in the prior year, the company earned $2.80 EPS. American Express’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, sell-side analysts forecast that American Express will post 9.74 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 10th. Investors of record on Friday, July 1st will be given a $0.52 dividend. The ex-dividend date of this dividend is Thursday, June 30th. This represents a $2.08 annualized dividend and a yield of 1.37%. American Express’s dividend payout ratio (DPR) is presently 21.33%.

Insider Activity at American Express

In related news, Director Theodore Leonsis sold 4,005 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $166.63, for a total value of $667,353.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Express

A number of institutional investors have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. increased its stake in American Express by 6.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 849 shares of the payment services company’s stock worth $139,000 after buying an additional 55 shares in the last quarter. Ropes Wealth Advisors LLC increased its stake in American Express by 0.3% in the 4th quarter. Ropes Wealth Advisors LLC now owns 19,599 shares of the payment services company’s stock worth $3,206,000 after buying an additional 55 shares in the last quarter. Associated Banc Corp increased its stake in American Express by 0.7% in the 4th quarter. Associated Banc Corp now owns 8,402 shares of the payment services company’s stock worth $1,375,000 after buying an additional 55 shares in the last quarter. Wesbanco Bank Inc. increased its stake in American Express by 1.3% in the 1st quarter. Wesbanco Bank Inc. now owns 4,426 shares of the payment services company’s stock worth $827,000 after buying an additional 55 shares in the last quarter. Finally, Grove Bank & Trust grew its position in shares of American Express by 1.7% during the first quarter. Grove Bank & Trust now owns 3,472 shares of the payment services company’s stock valued at $649,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 85.49% of the company’s stock.

American Express Company Profile

(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.

Featured Stories

Analyst Recommendations for American Express (NYSE:AXP)

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.