American Express (NYSE:AXP) was upgraded by analysts at DZ Bank from a "sell" rating to a "hold" rating in a research note issued on Tuesday,Finviz reports. The brokerage presently has a $340.00 price target on the payment services company's stock. DZ Bank's price objective would suggest a potential downside of 2.64% from the company's current price.
AXP has been the subject of several other research reports. Citigroup restated a "neutral" rating and issued a $327.00 price objective (up previously from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Compass Point restated a "neutral" rating and issued a $324.00 price objective on shares of American Express in a report on Monday. Wells Fargo & Company raised their price objective on American Express from $375.00 to $400.00 and gave the company an "overweight" rating in a report on Monday. Evercore ISI raised their price objective on American Express from $330.00 to $365.00 and gave the company an "in-line" rating in a report on Tuesday, September 30th. Finally, UBS Group raised their price objective on American Express from $330.00 to $340.00 and gave the company a "neutral" rating in a report on Tuesday, October 7th. Nine analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, American Express has an average rating of "Hold" and an average target price of $332.65.
View Our Latest Stock Report on AXP
American Express Stock Up 0.7%
AXP stock opened at $349.21 on Tuesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.71 and a quick ratio of 1.69. The stock has a market capitalization of $243.01 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.81 and a beta of 1.29. The business has a 50-day moving average of $326.69 and a 200-day moving average of $303.47. American Express has a fifty-two week low of $220.43 and a fifty-two week high of $350.22.
American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 billion during the quarter, compared to analysts' expectations of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.American Express's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, sell-side analysts anticipate that American Express will post 15.33 earnings per share for the current fiscal year.
Insider Activity at American Express
In other news, CEO Stephen J. Squeri sold 112,272 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares in the company, valued at $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Anna Marrs sold 5,500 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total value of $1,709,235.00. Following the sale, the insider owned 20,311 shares of the company's stock, valued at approximately $6,312,049.47. This represents a 21.31% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 269,996 shares of company stock valued at $85,261,270. Insiders own 0.20% of the company's stock.
Institutional Investors Weigh In On American Express
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. RB Capital Management LLC raised its position in shares of American Express by 6.1% in the third quarter. RB Capital Management LLC now owns 9,605 shares of the payment services company's stock valued at $3,190,000 after buying an additional 555 shares in the last quarter. Daner Wealth Management LLC acquired a new position in American Express during the third quarter valued at approximately $272,000. Financial Consulate Inc. acquired a new position in American Express during the third quarter valued at approximately $286,000. Salomon & Ludwin LLC raised its position in American Express by 44.5% during the third quarter. Salomon & Ludwin LLC now owns 708 shares of the payment services company's stock valued at $234,000 after purchasing an additional 218 shares in the last quarter. Finally, West Branch Capital LLC raised its position in American Express by 47.3% during the third quarter. West Branch Capital LLC now owns 1,896 shares of the payment services company's stock valued at $630,000 after purchasing an additional 609 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.
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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