News coverage about American Express (NYSE:AXP) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Express earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the payment services company an impact score of 45.2885412476576 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- American Express Company (AXP) is at $93.90 per share and M&T Bank Corporation (MTB) is listed at $159.44 – Stocks Gallery (stocksgallery.com)
- U.S. financial giants create consortium to vet third party suppliers (finance.yahoo.com)
- Insider Selling: American Express Company (AXP) Insider Sells 5,500 Shares of Stock (americanbankingnews.com)
- American Express Company (AXP) Expected to Post Quarterly Sales of $8.73 Billion (americanbankingnews.com)
- Exxon Mobil Becomes #6 Most Shorted Dow Stock, Replacing American Express (marketnewsvideo.com)
A number of research firms have recently issued reports on AXP. Credit Suisse Group reaffirmed a “sell” rating on shares of American Express in a research report on Wednesday, July 19th. Bank of America Corporation raised their price objective on American Express from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $85.00 price objective on shares of American Express in a research report on Saturday, July 22nd. Keefe, Bruyette & Woods set a $95.00 price objective on American Express and gave the company a “buy” rating in a research report on Saturday, August 19th. Finally, Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $91.56.
American Express (NYSE:AXP) last announced its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. The company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. sell-side analysts predict that American Express will post 5.85 earnings per share for the current fiscal year.
The firm 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.49%. This is an increase from American Express’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, October 5th. American Express’s payout ratio is currently 26.97%.
In related news, EVP Linda Zukauckas sold 3,196 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $95.42, for a total value of $304,962.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan Sobbott sold 6,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $84.39, for a total value of $506,340.00. 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 over the last ninety days. 0.67% of the stock is currently owned by corporate insiders.
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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