American Express (NYSE:AXP) Price Target Raised to $310.00

American Express (NYSE:AXP) had its target price boosted by Morgan Stanley from $305.00 to $310.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the payment services company’s stock.

A number of other research firms have also recently commented on AXP. UBS Group increased their target price on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. boosted their target price on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. StockNews.com raised shares of American Express from a “hold” rating to a “buy” rating in a research note on Saturday, January 11th. The Goldman Sachs Group upped their price objective on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, BTIG Research lifted their target price 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. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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

NYSE:AXP opened at $315.14 on Monday. American Express has a 52-week low of $199.88 and a 52-week high of $326.27. The business’s fifty day moving average is $303.60 and its 200 day moving average is $276.27. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market cap of $222.00 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.51 and a beta of 1.23.

American Express (NYSE:AXPGet Free Report) last announced 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%. Research analysts predict that American Express will post 13.4 EPS for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a $0.70 dividend. The ex-dividend date is Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.89%. American Express’s dividend payout ratio is 20.60%.

Insider Activity at American Express

In related news, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the sale, the chief financial officer now directly owns 6,433 shares in the company, valued at $1,952,286.84. The trade was a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.12% of the stock is owned by corporate insiders.

Institutional Trading of American Express

A number of hedge funds have recently modified their holdings of the business. Marshall Wace LLP increased its stake in shares of American Express by 105.4% during the second quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock valued at $232,000 after purchasing an additional 19,400 shares in the last quarter. AQR Capital Management LLC grew its stake 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 worth $25,285,000 after buying an additional 25,937 shares during the last quarter. Kathmere Capital Management LLC increased its position in American Express by 6.3% during the 2nd quarter. Kathmere Capital Management LLC now owns 1,129 shares of the payment services company’s stock valued at $261,000 after buying an additional 67 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in American Express during the second quarter valued at $214,000. Finally, Ascent Group LLC boosted its holdings in American Express by 3.8% in the second quarter. Ascent Group LLC now owns 6,121 shares of the payment services company’s stock worth $1,417,000 after acquiring an additional 226 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

About American Express

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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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