American Express (NYSE:AXP) had its price target reduced by Compass Point from $325.00 to $309.00 in a research report sent to investors on Monday morning,Benzinga reports. Compass Point currently has a neutral rating on the payment services company’s stock.
A number of other equities analysts also recently commented on AXP. TD Cowen upped their target price on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. The Goldman Sachs Group upped their price objective on American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Truist Financial initiated coverage on American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 target price on the stock. BTIG Research upped their price target on shares of American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. Finally, Evercore ISI lifted their price objective on shares of American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $294.95.
Get Our Latest Stock Analysis on American Express
American Express Stock Performance
American Express (NYSE:AXP – Get Free Report) last posted its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. Equities research analysts forecast that American Express will post 13.4 EPS for the current year.
American Express Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, January 3rd. American Express’s payout ratio is 20.60%.
Insider Transactions at American Express
In related news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of AXP. Marshall Wace LLP grew its holdings in shares of American Express by 105.4% in the 2nd quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock worth $232,000 after acquiring an additional 19,400 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of American Express by 31.2% in the 2nd quarter. AQR Capital Management LLC now owns 109,198 shares of the payment services company’s stock valued at $25,285,000 after purchasing an additional 25,937 shares during the period. Kathmere Capital Management LLC increased its stake in American Express by 6.3% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,129 shares of the payment services company’s stock worth $261,000 after purchasing an additional 67 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in American Express during the 2nd quarter worth about $214,000. Finally, Ascent Group LLC lifted its stake in American Express by 3.8% during the second quarter. Ascent Group LLC now owns 6,121 shares of the payment services company’s stock valued at $1,417,000 after buying an additional 226 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.
American Express Company Profile
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.
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