American Express Company (NYSE:AXP) has been given a consensus rating of “Hold” by the thirty-three brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $91.56.

A number of research firms have issued reports on AXP. Stephens set a $89.00 target price on American Express and gave the company a “hold” rating in a research report on Thursday, October 19th. Buckingham Research assumed coverage on American Express in a report on Monday, October 2nd. They set a “neutral” rating and a $92.00 price target on the stock. Keefe, Bruyette & Woods set a $95.00 price target on American Express and gave the stock a “buy” rating in a report on Saturday, August 19th. Jefferies Group restated an “in-line” rating and set a $93.00 price target (up from $85.00) on shares of American Express in a report on Thursday, October 19th. Finally, Barclays set a $93.00 price target on American Express and gave the stock a “hold” rating in a report on Thursday, October 19th.

In other news, insider James Peter Bush sold 10,230 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $90.55, for a total transaction of $926,326.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ashwini Gupta sold 90,658 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $94.71, for a total value of $8,586,219.18. Following the transaction, the insider now directly owns 289,996 shares in the company, valued at $27,465,521.16. The disclosure for this sale can be found here. Insiders have sold 343,870 shares of company stock worth $33,094,717 over the last ninety days. 0.67% of the stock is owned by insiders.

Several large investors have recently modified their holdings of AXP. Vanguard Group Inc. grew its holdings in American Express by 1.5% during the second quarter. Vanguard Group Inc. now owns 50,233,957 shares of the payment services company’s stock worth $4,231,710,000 after buying an additional 731,428 shares in the last quarter. BlackRock Inc. grew its holdings in American Express by 1.1% during the second quarter. BlackRock Inc. now owns 44,685,897 shares of the payment services company’s stock worth $3,764,339,000 after buying an additional 508,030 shares in the last quarter. Wellington Management Group LLP grew its holdings in American Express by 21.7% during the first quarter. Wellington Management Group LLP now owns 17,198,787 shares of the payment services company’s stock worth $1,360,596,000 after buying an additional 3,071,573 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in American Express by 0.6% during the second quarter. First Eagle Investment Management LLC now owns 16,342,822 shares of the payment services company’s stock worth $1,376,719,000 after buying an additional 103,546 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in American Express by 2.7% during the third quarter. Fisher Asset Management LLC now owns 11,547,390 shares of the payment services company’s stock worth $1,044,577,000 after buying an additional 300,042 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.

American Express (NYSE:AXP) traded down $0.63 during mid-day trading on Friday, reaching $97.15. The company had a trading volume of 3,464,800 shares, compared to its average volume of 3,593,644. American Express has a fifty-two week low of $73.50 and a fifty-two week high of $99.75. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $84,872.67, a P/E ratio of 18.73, a PEG ratio of 1.63 and a beta of 1.22.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.44%. The ex-dividend date is Thursday, January 4th. American Express’s dividend payout ratio (DPR) is presently 26.97%.

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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).

Analyst Recommendations for American Express (NYSE:AXP)

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