American Express (NYSE:AXP) Price Target Raised to $355.00

American Express (NYSE:AXP) had its price target lifted by Barclays from $336.00 to $355.00 in a research note published on Monday morning, Marketbeat reports. The brokerage currently has an equal weight rating on the payment services company’s stock.

Other analysts have also recently issued research reports about the stock. HSBC set a $295.00 price objective on shares of American Express and gave the stock a “hold” rating in a research note on Friday, October 10th. William Blair reiterated an “outperform” rating on shares of American Express in a research note on Wednesday, July 2nd. Citigroup reiterated a “neutral” rating and set a $327.00 price objective (up from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. increased their price objective on shares of American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Finally, Monness Crespi & Hardt downgraded shares of American Express from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 15th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $332.65.

American Express Price Performance

Shares of American Express stock opened at $351.68 on Monday. American Express has a twelve month low of $220.43 and a twelve month high of $357.73. The company has a quick ratio of 1.69, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The company has a 50-day simple moving average of $328.64 and a two-hundred day simple moving average of $304.16. The stock has a market capitalization of $242.25 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a net margin of 14.97% and a return on equity of 33.41%. The business had revenue of $18.43 billion during the quarter, compared to analysts’ expectations of $18.03 billion. During the same quarter in the previous year, the company earned $3.49 EPS. The business’s revenue was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Analysts forecast that American Express will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Friday, October 10th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, October 10th. American Express’s dividend payout ratio (DPR) is presently 22.01%.

Insider Buying and Selling

In other news, insider Laureen Seeger sold 16,998 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $294.83, for a total value of $5,011,520.34. Following the sale, the insider directly owned 9,001 shares in the company, valued at approximately $2,653,764.83. This trade represents a 65.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen J. Squeri sold 112,272 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total transaction of $37,034,041.92. Following the completion of the sale, the chief executive officer owned 92,810 shares in the company, valued at approximately $30,614,306.60. The trade was a 54.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 269,996 shares of company stock worth $85,261,270 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. WP Advisors LLC raised its holdings in American Express by 0.3% in the 3rd quarter. WP Advisors LLC now owns 16,914 shares of the payment services company’s stock valued at $5,618,000 after buying an additional 46 shares during the last quarter. CoreCap Advisors LLC raised its holdings in American Express by 14.6% in the 3rd quarter. CoreCap Advisors LLC now owns 14,682 shares of the payment services company’s stock valued at $4,877,000 after buying an additional 1,876 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in American Express by 5.7% in the 3rd quarter. Kathmere Capital Management LLC now owns 1,844 shares of the payment services company’s stock valued at $613,000 after buying an additional 99 shares during the last quarter. Spirepoint Private Client LLC raised its holdings in American Express by 7.8% in the 3rd quarter. Spirepoint Private Client LLC now owns 4,750 shares of the payment services company’s stock valued at $1,578,000 after buying an additional 342 shares during the last quarter. Finally, Garrison Point Advisors LLC bought a new position in American Express in the 3rd quarter valued at approximately $322,000. Institutional investors own 84.33% of the company’s stock.

About American Express

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.