American Express Company (NYSE:AXP) – Analysts at Oppenheimer issued their Q1 2018 earnings estimates for shares of American Express in a research report issued on Tuesday, according to Zacks Investment Research. Oppenheimer analyst B. Chittenden expects that the payment services company will earn $1.73 per share for the quarter. Oppenheimer has a “Buy” rating and a $99.00 price target on the stock.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Thursday. Wells Fargo & Co reiterated an “outperform” rating and set a $115.00 target price (up from $105.00) on shares of American Express in a research report on Tuesday. BMO Capital Markets reiterated a “hold” rating and set a $103.00 target price on shares of American Express in a research report on Monday. Stephens set a $97.00 target price on American Express and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Finally, Instinet assumed coverage on American Express in a research report on Wednesday, January 3rd. They set a “buy” rating and a $110.00 target price on the stock. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company. American Express has an average rating of “Hold” and an average target price of $97.92.
American Express (NYSE:AXP) last issued its earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.03. The business had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $1.24 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, January 4th. American Express’s dividend payout ratio (DPR) is presently 27.03%.
In other news, insider James Peter Bush sold 12,789 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total value of $1,271,866.05. Following the completion of the sale, the insider now owns 92,504 shares of the company’s stock, valued at $9,199,522.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Sobbott sold 5,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $94.34, for a total value of $518,870.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 442,869 shares of company stock valued at $42,823,869. 0.67% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of American Express by 30.4% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after purchasing an additional 300 shares during the period. Zions Bancorporation increased its position in American Express by 912.9% in the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock valued at $121,000 after acquiring an additional 1,205 shares during the period. Capital Analysts LLC acquired a new stake in American Express in the 2nd quarter valued at approximately $115,000. MV Capital Management Inc. increased its position in American Express by 3.5% in the 2nd quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock valued at $122,000 after acquiring an additional 49 shares during the period. Finally, Westside Investment Management Inc. increased its position in American Express by 0.5% in the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock valued at $129,000 after acquiring an additional 8 shares during the period. 83.35% of the stock is owned by hedge funds and other institutional investors.
About American Express
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.