Shares of American Express Company (NYSE:AXP) have received a consensus recommendation of “Hold” from the thirty-two research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $91.56.

A number of research firms have recently weighed in on AXP. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Wednesday, November 1st. Atlantic Securities upgraded shares of American Express from an “underweight” rating to a “neutral” rating and set a $100.00 price target on the stock in a research note on Tuesday, October 24th. Jefferies Group LLC raised their price target on shares of American Express from $64.75 to $93.35 and gave the company a “hold” rating in a research note on Friday, October 20th. Royal Bank Of Canada raised their price target on shares of American Express to $68.00 and gave the company an “underperform” rating in a research note on Thursday, October 19th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $98.00 price target on shares of American Express in a research note on Thursday, October 19th.

In other American Express news, insider Ashwini Gupta sold 90,658 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $94.71, for a total transaction of $8,586,219.18. Following the completion of the sale, the insider now owns 289,996 shares in the company, valued at approximately $27,465,521.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Linda Zukauckas sold 3,196 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $95.42, for a total transaction of $304,962.32. The disclosure for this sale can be found here. Insiders sold a total of 146,345 shares of company stock valued at $13,716,103 in the last quarter. 0.67% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in AXP. MCF Advisors LLC increased its stake in American Express by 0.3% during the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock valued at $108,000 after purchasing an additional 4 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in American Express by 30.4% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock worth $109,000 after acquiring an additional 300 shares during the last quarter. Capital Analysts LLC purchased a new position in American Express during the 2nd quarter worth $115,000. SRS Capital Advisors Inc. boosted its holdings in American Express by 10.3% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company’s stock worth $116,000 after acquiring an additional 138 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in American Express by 36.7% during the 1st quarter. Westside Investment Management Inc. now owns 1,528 shares of the payment services company’s stock worth $119,000 after acquiring an additional 410 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

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American Express (AXP) traded up $0.13 during mid-day trading on Monday, reaching $93.69. 3,261,200 shares of the company’s stock traded hands, compared to its average volume of 3,613,980. American Express has a 52-week low of $70.77 and a 52-week high of $96.90. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31. The company has a market cap of $81,470.00, a price-to-earnings ratio of 17.95, a P/E/G ratio of 1.56 and a beta of 1.22.

American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. American Express had a net margin of 14.48% and a return on equity of 22.73%. The company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.31 billion. During the same period last year, the company posted $1.24 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. equities research analysts forecast that American Express will post 5.86 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 6th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.49%. This is a positive change from American Express’s previous quarterly dividend of $0.32. American Express’s payout ratio is currently 27.03%.

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).

Analyst Recommendations for American Express (NYSE:AXP)

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