Several other research firms have also issued reports on AXP. Zacks Investment Research lowered American Express from a buy rating to a hold rating in a research report on Wednesday, January 10th. JPMorgan Chase lowered American Express from an overweight rating to a neutral rating and set a $90.00 price target on the stock. in a research report on Friday, January 12th. Sandler O’Neill restated a buy rating on shares of American Express in a research report on Wednesday, January 17th. Barclays set a $119.00 price target on American Express and gave the stock an equal weight rating in a research report on Thursday, January 11th. Finally, Wells Fargo restated an outperform rating and issued a $115.00 price target (up from $105.00) on shares of American Express in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company. American Express presently has an average rating of Hold and a consensus price target of $104.12.
NYSE:AXP opened at $93.03 on Thursday. American Express has a 12-month low of $75.51 and a 12-month high of $102.39. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a market capitalization of $80,307.02, a PE ratio of 15.85, a P/E/G ratio of 1.27 and a beta of 1.14.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Friday, April 6th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, April 5th. American Express’s dividend payout ratio is 23.85%.
In other American Express news, insider James Peter Bush sold 13,356 shares of American Express stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $98.65, for a total value of $1,317,569.40. Following the sale, the insider now owns 100,790 shares of the company’s stock, valued at approximately $9,942,933.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morse Asset Management Inc increased its position in shares of American Express by 2.2% in the third quarter. Morse Asset Management Inc now owns 33,150 shares of the payment services company’s stock valued at $2,999,000 after acquiring an additional 700 shares during the last quarter. Forsta AP Fonden increased its position in shares of American Express by 7.5% in the third quarter. Forsta AP Fonden now owns 33,113 shares of the payment services company’s stock valued at $2,995,000 after acquiring an additional 2,300 shares during the last quarter. Country Trust Bank increased its position in shares of American Express by 9.0% in the third quarter. Country Trust Bank now owns 435,371 shares of the payment services company’s stock valued at $39,384,000 after acquiring an additional 35,874 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of American Express by 3.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 131,449 shares of the payment services company’s stock valued at $11,891,000 after acquiring an additional 4,749 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in shares of American Express in the third quarter valued at about $3,315,000. 84.11% of the stock is currently owned by hedge funds and other institutional investors.
American Express Company Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
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