American Express Company (NYSE:AXP) – Equities research analysts at Jefferies Group increased their Q2 2018 earnings estimates for American Express in a note issued to investors on Wednesday. Jefferies Group analyst J. Hecht now anticipates that the payment services company will post earnings per share of $1.94 for the quarter, up from their previous forecast of $1.71. Jefferies Group has a “Hold” rating and a $93.35 price objective on the stock. Jefferies Group also issued estimates for American Express’ Q3 2018 earnings at $1.97 EPS and Q4 2018 earnings at $1.86 EPS.

American Express (NYSE:AXP) last released its earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. The company had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. American Express’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS.

A number of other equities analysts have also issued reports on AXP. Buckingham Research began coverage on shares of American Express in a research report on Monday, October 2nd. They set a “neutral” rating and a $92.00 price target for the company. Credit Suisse Group reissued a “sell” rating and set a $79.00 price target on shares of American Express in a research report on Wednesday, October 4th. Bank of America reissued a “buy” rating and set a $102.00 price target on shares of American Express in a research report on Monday, October 9th. Wells Fargo & Co began coverage on shares of American Express in a research report on Tuesday, October 10th. They set an “outperform” rating and a $105.00 price target for the company. Finally, Compass Point lowered shares of American Express from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $97.92.

American Express (NYSE AXP) traded up $0.70 during mid-day trading on Thursday, reaching $101.22. 2,279,100 shares of the company were exchanged, compared to its average volume of 2,649,900. The firm has a market cap of $87,580.00, a PE ratio of 19.54, a PEG ratio of 1.49 and a beta of 1.22. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31. American Express has a one year low of $75.39 and a one year high of $101.65.

A number of institutional investors and hedge funds have recently made changes to their positions in AXP. Veritas Asset Management LLP boosted its position in shares of American Express by 15.2% during the 2nd quarter. Veritas Asset Management LLP now owns 10,303,201 shares of the payment services company’s stock valued at $867,942,000 after acquiring an additional 1,358,474 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of American Express during the 2nd quarter valued at about $101,526,000. Canada Pension Plan Investment Board boosted its position in shares of American Express by 944,765.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,077,147 shares of the payment services company’s stock valued at $90,739,000 after acquiring an additional 1,077,033 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of American Express by 55.9% during the 3rd quarter. Janus Henderson Group PLC now owns 2,675,599 shares of the payment services company’s stock valued at $242,003,000 after acquiring an additional 959,824 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of American Express by 11,602.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 901,100 shares of the payment services company’s stock valued at $75,909,000 after acquiring an additional 893,400 shares during the last quarter. 83.35% of the stock is currently owned by institutional investors.

In other American Express news, insider Anre D. Williams sold 30,761 shares of American Express stock in a transaction 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 sale, the insider now owns 28,720 shares of the company’s stock, valued at approximately $2,682,735.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Susan Sobbott sold 5,500 shares of American Express stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $94.34, for a total transaction of $518,870.00. The disclosure for this sale can be found here. In the last three months, insiders sold 442,869 shares of company stock valued at $42,823,869. 0.67% of the stock is owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 5th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, January 4th. American Express’s payout ratio is presently 27.03%.

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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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