Analysts Set American Express Company (NYSE:AXP) PT at $319.95

Shares of American Express Company (NYSE:AXP) have earned an average rating of “Hold” from the twenty-five analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $323.55.

Several equities research analysts have recently issued reports on AXP shares. Keefe, Bruyette & Woods increased their price objective on shares of American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Wells Fargo & Company increased their price objective on shares of American Express from $350.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Truist Financial increased their price objective on shares of American Express from $348.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. JPMorgan Chase & Co. increased their price objective on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of American Express from $371.00 to $375.00 and gave the company a “buy” rating in a report on Monday, July 21st.

Insider Buying and Selling at American Express

In related news, insider Anna Marrs sold 5,500 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the completion of the sale, the insider directly owned 20,311 shares of the company’s stock, valued at approximately $6,312,049.47. This trade represents a 21.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Glenda G. Mcneal sold 50,000 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the sale, the insider directly owned 10,957 shares of the company’s stock, valued at approximately $3,391,191.50. The trade was a 82.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Access Investment Management LLC bought a new position in American Express during the 2nd quarter valued at $26,000. Briaud Financial Planning Inc bought a new position in American Express during the 2nd quarter valued at $26,000. MorganRosel Wealth Management LLC bought a new position in American Express during the 1st quarter valued at $29,000. Chung Wu Investment Group LLC bought a new position in American Express during the 2nd quarter valued at $37,000. Finally, Howard Hughes Medical Institute bought a new position in American Express during the 2nd quarter valued at $38,000. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

Shares of AXP stock opened at $323.86 on Friday. American Express has a one year low of $220.43 and a one year high of $349.19. The company has a 50 day moving average price of $321.23 and a 200 day moving average price of $299.43. The firm has a market capitalization of $225.37 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 18th. The payment services company reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.86 by $0.22. American Express had a net margin of 14.78% and a return on equity of 32.87%. The company had revenue of $17.86 billion during the quarter, compared to analyst estimates of $17.70 billion. During the same quarter in the prior year, the business earned $3.49 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts anticipate that American Express will post 15.33 EPS for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 23.02%.

About American Express

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.