American Express (AXP) Given Media Sentiment Rating of 0.18
Press coverage about American Express (NYSE:AXP) has been trending somewhat positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Express earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news coverage about the payment services company an impact score of 46.7041169635573 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- American Express Company (AXP) CEO Kenneth I. Chenault Sells 96,440 Shares (americanbankingnews.com)
- American Express (AXP) PT Set at $128.00 by Bank of America (americanbankingnews.com)
- How does luggage insurance work? (finance.yahoo.com)
- Most Shocking Stock Movements: Grupo Televisa, SAB (TV), American Express Company (AXP) – Market Movers (financialqz.com)
- The Bull Case for American Express Company (AXP) (nismagazine.com)
Several equities research analysts have weighed in on AXP shares. Morgan Stanley lowered their price objective on shares of American Express from $90.00 to $89.00 and set an “equal weight” rating for the company in a research report on Friday, September 8th. Credit Suisse Group restated an “underperform” rating and issued a $84.00 price objective (up previously from $79.00) on shares of American Express in a research report on Thursday, October 19th. ValuEngine lowered shares of American Express from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Bank of America reaffirmed a “buy” rating and issued a $102.00 target price on shares of American Express in a research note on Monday, October 9th. Finally, Zacks Investment Research lowered shares of American Express from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $92.44.
American Express (NYSE:AXP) last released its quarterly earnings data 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. American Express had a net margin of 14.48% and a return on equity of 22.73%. The business had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.31 billion. During the same quarter last year, the firm earned $1.24 EPS. American Express’s quarterly revenue was up 8.5% compared to the same quarter last year. research analysts anticipate that American Express will post 5.86 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, January 4th. American Express’s payout ratio is 26.97%.
In other American Express news, CEO Kenneth I. Chenault sold 96,440 shares of American Express stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $97.30, for a total value of $9,383,612.00. Following the transaction, the chief executive officer now owns 1,178,333 shares of the company’s stock, valued at $114,651,800.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anre D. Williams sold 30,761 shares of American Express stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the completion of the transaction, the insider now directly owns 28,720 shares in the company, valued at approximately $2,682,735.20. The disclosure for this sale can be found here. Insiders have sold a total of 440,310 shares of company stock worth $42,478,329 in the last three months. 0.67% of the stock is owned by insiders.
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American Express Company Profile
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).
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