American Express (NYSE:AXP) – Equities research analysts at Oppenheimer decreased their Q2 2018 earnings per share estimates for shares of American Express in a note issued to investors on Tuesday. Oppenheimer analyst B. Chittenden now expects that the payment services company will post earnings of $1.85 per share for the quarter, down from their previous estimate of $1.87. Oppenheimer currently has a “Buy” rating and a $117.00 target price on the stock.
American Express (NYSE:AXP) last issued its earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.04. American Express had a return on equity of 26.00% and a net margin of 8.08%. The firm had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year.
Shares of American Express (NYSE:AXP) opened at $95.37 on Wednesday. American Express has a one year low of $75.51 and a one year high of $102.39. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.06. The company has a market capitalization of $84,023.43, a PE ratio of 32.89, a PEG ratio of 1.33 and a beta of 1.16.
Institutional investors have recently made changes to their positions in the business. Certified Advisory Corp acquired a new position in shares of American Express during the fourth quarter valued at approximately $101,000. Zions Bancorporation raised its holdings in shares of American Express by 912.9% during the third quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock valued at $121,000 after acquiring an additional 1,205 shares during the last quarter. Trustcore Financial Services LLC acquired a new position in shares of American Express during the fourth quarter valued at approximately $128,000. Westside Investment Management Inc. raised its holdings in shares of American Express by 0.5% during the second quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock valued at $129,000 after acquiring an additional 8 shares during the last quarter. Finally, WFG Advisors LP raised its holdings in shares of American Express by 38.8% during the second quarter. WFG Advisors LP now owns 1,568 shares of the payment services company’s stock valued at $132,000 after acquiring an additional 438 shares during the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.
In other American Express news, CEO Kenneth I. Chenault sold 96,440 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $97.30, for a total transaction of $9,383,612.00. Following the completion of the transaction, the chief executive officer now owns 1,178,333 shares of the company’s stock, valued at $114,651,800.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Peter Bush sold 13,356 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the transaction, the insider now directly owns 100,790 shares of the company’s stock, valued at approximately $9,942,933.50. The disclosure for this sale can be found here. Insiders have sold 122,585 shares of company stock valued at $11,973,047 in the last three months. Insiders own 0.67% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Friday, April 6th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, April 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.47%. American Express’s payout ratio is currently 48.28%.
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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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