American Express (NYSE:AXP) Price Target Raised to $342.00 at JPMorgan Chase & Co.

American Express (NYSE:AXP) had its price target upped by research analysts at JPMorgan Chase & Co. from $260.00 to $342.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the payment services company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 6.71% from the company's previous close.

AXP has been the topic of several other research reports. Truist Financial upped their target price on American Express from $335.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their price objective on American Express from $360.00 to $371.00 and gave the stock an "outperform" rating in a research note on Wednesday. Wells Fargo & Company set a $327.00 target price on American Express in a report on Wednesday, July 2nd. BTIG Research reduced their price objective on American Express from $272.00 to $240.00 and set a "sell" rating for the company in a report on Monday, April 21st. Finally, Robert W. Baird raised American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price objective for the company in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $305.74.

American Express Price Performance

Shares of American Express stock traded down $4.75 during trading on Friday, reaching $320.49. 1,046,867 shares of the company's stock were exchanged, compared to its average volume of 2,839,866. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. American Express has a 1-year low of $220.43 and a 1-year high of $329.14. The company has a market cap of $224.53 billion, a P/E ratio of 22.39, a PEG ratio of 1.54 and a beta of 1.25. The firm's 50-day moving average price is $299.95 and its 200 day moving average price is $290.57.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.17. The company had revenue of $16.97 billion during the quarter, compared to analysts' expectations of $17.04 billion. American Express had a return on equity of 32.48% and a net margin of 15.31%. During the same quarter in the previous year, the firm earned $3.33 EPS. As a group, research analysts anticipate that American Express will post 15.33 earnings per share for the current year.

Insider Activity at American Express

In other American Express news, insider Glenda G. Mcneal sold 3,019 shares of the stock in a transaction 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 completion of the sale, the insider owned 10,919 shares in the company, valued at approximately $2,889,822.54. This represents a 21.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Howard Grosfield sold 9,450 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the transaction, the insider directly owned 9,402 shares of the company's stock, valued at $2,590,251. This trade represents a 50.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Investment Management Corp VA ADV bought a new stake in American Express in the fourth quarter worth about $29,000. MorganRosel Wealth Management LLC purchased a new position in shares of American Express during the first quarter worth approximately $29,000. Sellwood Investment Partners LLC purchased a new position in shares of American Express during the fourth quarter worth approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of American Express during the fourth quarter worth approximately $33,000. Finally, Nexus Investment Management ULC purchased a new position in American Express during the first quarter valued at approximately $34,000. Institutional investors own 84.33% of the company's stock.

About American Express

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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