American Express (NYSE:AXP) Receives New Coverage from Analysts at BTIG Research

BTIG Research began coverage on shares of American Express (NYSE:AXP) in a research report report published on Friday morning, Marketbeat.com reports. The brokerage issued a neutral rating on the payment services company’s stock.

Other equities research analysts have also recently issued research reports about the company. HSBC increased their price target on American Express from $232.00 to $239.00 and gave the company a buy rating in a report on Thursday, April 11th. Barclays reissued an equal weight rating and set a $221.00 target price (up previously from $220.00) on shares of American Express in a research note on Tuesday, April 9th. Oppenheimer reissued an outperform rating on shares of American Express in a research note on Friday, April 5th. BMO Capital Markets raised their target price on American Express from $167.00 to $175.00 and gave the stock an underperform rating in a research note on Monday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on American Express from $240.00 to $260.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, American Express currently has an average rating of Hold and a consensus price target of $215.50.

Get Our Latest Research Report on American Express

American Express Price Performance

Shares of American Express stock opened at $232.67 on Friday. The business has a 50 day simple moving average of $232.59 and a two-hundred day simple moving average of $209.44. American Express has a 12 month low of $140.91 and a 12 month high of $244.41. The stock has a market capitalization of $167.36 billion, a P/E ratio of 19.17, a PEG ratio of 1.33 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 posted its quarterly earnings results on Friday, April 19th. The payment services company reported $3.33 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 firm had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.79 billion. During the same quarter last year, the firm earned $2.40 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, analysts predict that American Express will post 13.01 EPS for the current fiscal year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be issued a $0.70 dividend. The ex-dividend date is Friday, July 5th. This is a positive change from American Express’s previous quarterly dividend of $0.10. This represents a $2.80 dividend on an annualized basis and a yield of 1.20%. American Express’s dividend payout ratio (DPR) is 23.06%.

Insider Activity at American Express

In other American Express news, insider Jennifer Skyler sold 14,802 shares of American Express stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $241.73, for a total transaction of $3,578,087.46. Following the completion of the sale, the insider now directly owns 16,371 shares of the company’s stock, valued at approximately $3,957,361.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other American Express news, EVP Quinn Jessica Lieberman sold 3,141 shares of American Express stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $232.36, for a total transaction of $729,842.76. Following the completion of the sale, the executive vice president now directly owns 258 shares of the company’s stock, valued at approximately $59,948.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Skyler sold 14,802 shares of American Express stock in a transaction dated 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 sale, the insider now directly owns 16,371 shares of the company’s stock, valued at $3,957,361.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,717 shares of company stock worth $41,680,999. Company insiders own 0.12% of the company’s stock.

Institutional Trading of American Express

Hedge funds and other institutional investors have recently made changes to their positions in the company. Game Plan Financial Advisors LLC increased its position in shares of American Express by 62.5% during the first quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock worth $30,000 after purchasing an additional 50 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of American Express during the fourth quarter worth about $25,000. BKM Wealth Management LLC acquired a new stake in shares of American Express during the fourth quarter worth about $28,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of American Express during the fourth quarter worth about $28,000. Finally, Sachetta LLC acquired a new stake in shares of American Express during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Company Profile

(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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Analyst Recommendations for American Express (NYSE:AXP)

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