American Express (NYSE:AXP) Given New $225.00 Price Target at TD Cowen

American Express (NYSE:AXP) had its price target hoisted by TD Cowen from $221.00 to $225.00 in a research report sent to investors on Monday, Benzinga reports. The firm currently has a hold rating on the payment services company’s stock.

Several other brokerages have also commented on AXP. BMO Capital Markets increased their price objective on American Express from $167.00 to $175.00 and gave the company an underperform rating in a report on Monday. JPMorgan Chase & Co. increased their price objective on American Express from $214.00 to $240.00 and gave the company an overweight rating in a report on Wednesday, April 3rd. Oppenheimer reiterated an outperform rating on shares of American Express in a report on Friday, April 5th. Monness Crespi & Hardt raised American Express from a neutral rating to a buy rating and set a $245.00 target price on the stock in a research report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on American Express from $240.00 to $260.00 and gave the company a buy rating in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $209.52.

View Our Latest Stock Report on AXP

American Express Stock Up 0.1 %

American Express stock opened at $239.23 on Monday. The business has a fifty day moving average of $221.62 and a two-hundred day moving average of $190.53. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 1.70. The firm has a market cap of $172.08 billion, a P/E ratio of 19.71, a P/E/G ratio of 1.33 and a beta of 1.23. American Express has a twelve month low of $140.91 and a twelve month high of $240.55.

American Express (NYSE:AXPGet Free Report) last issued its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.97 by $0.36. American Express had a return on equity of 32.46% and a net margin of 14.50%. The firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.79 billion. During the same quarter in the prior year, the business posted $2.40 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts forecast that American Express will post 12.96 earnings per share for the current fiscal year.

American Express Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Thursday, April 4th. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Insider Activity

In other news, CEO Stephen J. Squeri sold 69,356 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $213.02, for a total transaction of $14,774,215.12. Following the sale, the chief executive officer now directly owns 122,158 shares in the company, valued at approximately $26,022,097.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Stephen J. Squeri sold 69,356 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $213.02, for a total value of $14,774,215.12. Following the transaction, the chief executive officer now directly owns 122,158 shares of the company’s stock, valued at approximately $26,022,097.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Laureen Seeger sold 84,420 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $212.98, for a total transaction of $17,979,771.60. Following the completion of the transaction, the insider now directly owns 57,512 shares in the company, valued at $12,248,905.76. The disclosure for this sale can be found here. Insiders have sold 172,047 shares of company stock worth $36,528,388 in the last ninety days. Company insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. lifted its stake in American Express by 11.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 88,161 shares of the payment services company’s stock valued at $20,073,000 after buying an additional 9,071 shares in the last quarter. Private Trust Co. NA lifted its stake in American Express by 26.8% in the 1st quarter. Private Trust Co. NA now owns 6,018 shares of the payment services company’s stock worth $1,370,000 after purchasing an additional 1,273 shares in the last quarter. Patton Albertson Miller Group LLC purchased a new position in American Express in the 1st quarter worth approximately $201,000. Zhang Financial LLC lifted its stake in American Express by 34.5% in the 1st quarter. Zhang Financial LLC now owns 7,233 shares of the payment services company’s stock worth $1,647,000 after purchasing an additional 1,854 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in American Express in the 1st quarter worth approximately $217,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

About American Express

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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

Analyst Recommendations for American Express (NYSE:AXP)

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