American Express Company (NYSE:AXP) Receives Average Rating of "Hold" from Brokerages

Shares of American Express Company (NYSE:AXP) have earned a consensus rating of "Hold" from the twenty-three brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $307.68.

AXP has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of American Express from $360.00 to $371.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Truist Financial upped their target price on shares of American Express from $335.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Royal Bank Of Canada reissued an "outperform" rating on shares of American Express in a report on Monday, July 14th. William Blair reissued an "outperform" rating on shares of American Express in a report on Wednesday, July 2nd. Finally, Monness Crespi & Hardt downgraded shares of American Express from a "buy" rating to a "neutral" rating in a report on Tuesday, July 15th.

Insider Transactions at American Express

In related news, insider Glenda G. Mcneal sold 3,019 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total value of $799,008.54. Following the transaction, the insider directly owned 10,919 shares of the company's stock, valued at approximately $2,889,822.54. The trade was a 21.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Howard Grosfield sold 9,450 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the sale, the insider directly owned 9,402 shares in the company, valued at $2,590,251. This trade represents a 50.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Institutional Trading of American Express

Several hedge funds have recently modified their holdings of AXP. Investment Management Corp VA ADV bought a new position in shares of American Express during the 4th quarter valued at approximately $29,000. MorganRosel Wealth Management LLC purchased a new stake in American Express in the first quarter valued at about $29,000. Sellwood Investment Partners LLC purchased a new stake in American Express in the fourth quarter valued at about $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in American Express in the fourth quarter valued at about $33,000. Finally, Nexus Investment Management ULC purchased a new stake in American Express in the first quarter valued at about $34,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Performance

Shares of AXP stock opened at $308.38 on Monday. The firm has a market capitalization of $216.05 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. The firm has a fifty day simple moving average of $304.19 and a two-hundred day simple moving average of $291.04. The company has a current ratio of 1.71, a quick ratio of 1.69 and a debt-to-equity ratio of 1.80. American Express has a 12 month low of $220.43 and a 12 month high of $329.14.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating analysts' consensus estimates of $3.86 by $0.22. The business had revenue of $17.86 billion during the quarter, compared to analyst estimates of $17.70 billion. American Express had a net margin of 14.78% and a return on equity of 32.87%. American Express's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.49 EPS. Analysts forecast that American Express will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $3.28 annualized dividend and a yield of 1.06%. American Express's payout ratio is 23.02%.

American Express Company Profile

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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