American Express (NYSE:AXP) Price Target Cut to $335.00 by Analysts at TD Cowen

American Express (NYSE:AXP) had its price target lowered by TD Cowen from $338.00 to $335.00 in a report published on Tuesday,Benzinga reports. The firm currently has a hold rating on the payment services company’s stock.

AXP has been the topic of several other reports. President Capital increased their price target on American Express from $359.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Barclays lowered their target price on American Express from $364.00 to $342.00 and set an “equal weight” rating on the stock in a research note on Monday. BTIG Research dropped their target price on American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a report on Monday, September 7th. Guggenheim assumed coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. Finally, Evercore set a $320.00 price target on American Express in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $364.50.

American Express Stock Performance

Shares of NYSE AXP opened at $304.23 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express has a 12 month low of $290.97 and a 12 month high of $387.49. The company has a 50 day simple moving average of $326.20 and a two-hundred day simple moving average of $324.84. The stock has a market cap of $205.45 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 1.29 and a beta of 1.08.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the prior year, the business earned $4.08 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts predict that American Express will post 17.68 earnings per share for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s dividend payout ratio is presently 23.06%.

Hedge Funds Weigh In On American Express

Institutional investors and hedge funds have recently modified their holdings of the business. Archer Investment Corp purchased a new stake in shares of American Express in the second quarter valued at approximately $25,000. Frazier Financial Advisors LLC lifted its position in shares of American Express by 66.7% during the 1st quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company’s stock valued at $30,000 after buying an additional 40 shares in the last quarter. Evolution Wealth Management Inc. lifted its position in shares of American Express by 58.2% during the 1st quarter. Evolution Wealth Management Inc. now owns 106 shares of the payment services company’s stock valued at $32,000 after buying an additional 39 shares in the last quarter. Whipplewood Advisors LLC grew its stake in American Express by 2,550.0% in the 1st quarter. Whipplewood Advisors LLC now owns 106 shares of the payment services company’s stock valued at $32,000 after acquiring an additional 102 shares during the period. Finally, Cedar Mountain Advisors LLC grew its stake in American Express by 58.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Company Profile

American Express Company (NYSE: AXP) is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.