Shares of American Express Company (NYSE:AXP) hit a new 52-week high on Wednesday after Citigroup raised their price target on the stock from $300.00 to $327.00. Citigroup currently has a neutral rating on the stock. American Express traded as high as $326.60 and last traded at $326.30, with a volume of 1887174 shares changing hands. The stock had previously closed at $322.53.
AXP has been the subject of a number of other reports. Baird R W raised shares of American Express from a "strong sell" rating to a "hold" rating in a research report on Friday, March 14th. Monness Crespi & Hardt raised their price target on American Express from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Royal Bank Of Canada restated an "outperform" rating and set a $310.00 target price on shares of American Express in a research note on Monday, April 21st. JPMorgan Chase & Co. increased their target price on shares of American Express from $244.00 to $260.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Finally, Argus lowered shares of American Express from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, American Express presently has a consensus rating of "Hold" and an average target price of $297.40.
Check Out Our Latest Analysis on American Express
Insider Buying and Selling at American Express
In related news, insider Howard Grosfield sold 9,450 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the sale, the insider directly owned 9,402 shares in the company, valued at approximately $2,590,251. This trade represents a 50.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 in the company, valued at $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.
Institutional Investors Weigh In On American Express
Hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of American Express in the 4th quarter worth about $1,785,867,000. Nuveen LLC acquired a new stake in American Express in the 1st quarter valued at approximately $1,454,667,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of American Express by 463.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,357,487 shares of the payment services company's stock valued at $1,293,259,000 after purchasing an additional 3,583,959 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of American Express by 13.7% in the 1st quarter. Wellington Management Group LLP now owns 18,025,562 shares of the payment services company's stock worth $4,849,777,000 after acquiring an additional 2,168,445 shares during the period. Finally, GAMMA Investing LLC raised its holdings in American Express by 27,625.2% during the first quarter. GAMMA Investing LLC now owns 2,162,846 shares of the payment services company's stock worth $581,914,000 after purchasing an additional 2,155,045 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.
American Express Stock Up 1.1%
The stock's fifty day moving average is $291.82 and its two-hundred day moving average is $289.23. The stock has a market capitalization of $228.54 billion, a P/E ratio of 22.79, a PEG ratio of 1.55 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57.
American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.17. American Express had a return on equity of 32.48% and a net margin of 15.31%. The firm had revenue of $16.97 billion for the quarter, compared to analyst estimates of $17.04 billion. During the same period in the previous year, the firm earned $3.33 earnings per share. As a group, research analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.
American Express Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Thursday, July 3rd. American Express's dividend payout ratio (DPR) is currently 22.91%.
About American Express
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider American Express, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Express wasn't on the list.
While American Express currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
