BMO Capital Markets Reaffirms Hold Rating for American Express (AXP)

BMO Capital Markets reiterated their hold rating on shares of American Express (NYSE:AXP) in a report released on Monday morning. The brokerage currently has a $103.00 price target on the payment services company’s stock.

A number of other research analysts also recently commented on AXP. Stephens set a $97.00 price objective on shares of American Express and gave the company a hold rating in a research note on Tuesday, January 2nd. Instinet assumed coverage on shares of American Express in a research note on Wednesday, January 3rd. They set a buy rating and a $110.00 price objective for the company. Buckingham Research assumed coverage on shares of American Express in a research note on Monday, October 2nd. They set a neutral rating and a $92.00 price objective for the company. Zacks Investment Research raised shares of American Express from a hold rating to a buy rating and set a $111.00 price objective for the company in a research note on Wednesday, January 3rd. Finally, Deutsche Bank initiated coverage on shares of American Express in a research note on Tuesday, January 2nd. They set a buy rating and a $118.00 price objective for the company. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $97.84.

American Express (NYSE AXP) traded up $0.38 during midday trading on Monday, hitting $100.52. 2,980,000 shares of the stock were exchanged, compared to its average volume of 3,170,000. American Express has a one year low of $75.39 and a one year high of $101.65. 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 cap of $87,250.00, a P/E ratio of 19.41, a P/E/G ratio of 1.49 and a beta of 1.22.

American Express (NYSE:AXP) last posted its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $8.31 billion. During the same quarter in the prior year, the company posted $1.24 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. analysts expect that American Express will post 5.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, January 4th. American Express’s dividend payout ratio is presently 27.03%.

In other American Express news, insider James Peter Bush sold 12,789 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total value of $1,271,866.05. Following the completion of the transaction, the insider now owns 92,504 shares in the company, valued at approximately $9,199,522.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anre D. Williams sold 30,761 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $93.41, for a total value of $2,873,385.01. Following the completion of the transaction, the insider now owns 28,720 shares of the company’s stock, valued at approximately $2,682,735.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 442,869 shares of company stock valued at $42,823,869. 0.67% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Abner Herrman & Brock LLC boosted its holdings in American Express by 17.5% in the 4th quarter. Abner Herrman & Brock LLC now owns 117,720 shares of the payment services company’s stock worth $11,691,000 after acquiring an additional 17,525 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in American Express by 7.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,155,226 shares of the payment services company’s stock worth $194,962,000 after acquiring an additional 154,228 shares during the period. Institutional & Family Asset Management LLC raised its position in shares of American Express by 58.5% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 6,439 shares of the payment services company’s stock valued at $582,000 after purchasing an additional 2,376 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of American Express in the 3rd quarter valued at approximately $3,886,000. Finally, Visionary Asset Management Inc. acquired a new position in shares of American Express in the 3rd quarter valued at approximately $230,000. Hedge funds and other institutional investors own 83.35% of the company’s stock.

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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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