Brokerages Set American Express (NYSE:AXP) Price Target at $210.71

American Express (NYSE:AXP) has earned a consensus recommendation of “Hold” from the twenty-two research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $215.00.

Several research firms recently commented on AXP. Monness Crespi & Hardt raised shares of American Express from a “neutral” rating to a “buy” rating and set a $245.00 price target on the stock in a research note on Friday, April 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of American Express from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Morgan Stanley raised their price target on shares of American Express from $222.00 to $226.00 and gave the stock an “equal weight” rating in a research note on Monday, April 22nd. StockNews.com raised shares of American Express from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, BMO Capital Markets raised their price target on shares of American Express from $167.00 to $175.00 and gave the stock an “underperform” rating in a research note on Monday, April 22nd.

Read Our Latest Stock Report on AXP

Insider Activity

In related news, CEO Stephen J. Squeri sold 38,873 shares of American Express stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $238.63, for a total value of $9,276,263.99. Following the completion of the sale, the chief executive officer now directly owns 76,310 shares in the company, valued at approximately $18,209,855.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Stephen J. Squeri sold 38,873 shares of American Express stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $238.63, for a total value of $9,276,263.99. Following the completion of the sale, the chief executive officer now directly owns 76,310 shares in the company, valued at approximately $18,209,855.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 117,309 shares of American Express stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $232.44, for a total transaction of $27,267,303.96. Following the completion of the sale, the insider now owns 110,318 shares of the company’s stock, valued at $25,642,315.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 177,717 shares of company stock worth $41,680,999. Corporate insiders own 0.11% of the company’s stock.

Institutional Trading of American Express

A number of institutional investors have recently bought and sold shares of AXP. Boston Partners raised its position in American Express by 22.2% during the 1st quarter. Boston Partners now owns 2,129,175 shares of the payment services company’s stock worth $485,525,000 after buying an additional 387,166 shares during the last quarter. Cetera Advisors LLC raised its position in American Express by 119.6% during the 1st quarter. Cetera Advisors LLC now owns 39,497 shares of the payment services company’s stock worth $8,993,000 after buying an additional 21,508 shares during the last quarter. Cetera Investment Advisers raised its position in American Express by 219.4% during the 1st quarter. Cetera Investment Advisers now owns 164,861 shares of the payment services company’s stock worth $37,537,000 after buying an additional 113,249 shares during the last quarter. Invst LLC raised its position in American Express by 2.2% during the 1st quarter. Invst LLC now owns 8,708 shares of the payment services company’s stock worth $1,982,000 after buying an additional 186 shares during the last quarter. Finally, PGGM Investments raised its position in American Express by 57.2% during the 1st quarter. PGGM Investments now owns 54,448 shares of the payment services company’s stock worth $12,397,000 after buying an additional 19,801 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Trading Down 0.4 %

AXP stock opened at $237.25 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.70. American Express has a twelve month low of $140.91 and a twelve month high of $244.41. The stock has a market capitalization of $170.65 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20. The firm’s fifty day simple moving average is $231.16 and its two-hundred day simple moving average is $205.82.

American Express (NYSE:AXPGet Free Report) last posted its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.36. American Express had a net margin of 14.50% and a return on equity of 32.46%. The business had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.79 billion. During the same quarter in the previous year, the business posted $2.40 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. As a group, analysts anticipate that American Express will post 13.01 earnings per share for the current year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be issued a $0.70 dividend. This is a boost from American Express’s previous quarterly dividend of $0.10. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, July 5th. American Express’s dividend payout ratio (DPR) is currently 23.06%.

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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Analyst Recommendations for American Express (NYSE:AXP)

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