Stocks of American Express Company (NYSE:AXP) traded higher last session on Wall Street, up 1.67% to $155.51.
According to the data, American Express Company (NYSE:AXP) has 31 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $220.00 and a low of $146.00, we find $181.00. Given the previous closing price of $152.95, this indicates a potential upside of 18.34 percent. AXP stock price is now -1.91% away from the 50-day moving average and -0.58% away from the 200-day moving average. The market capitalization of the company currently stands at $115.98B.
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A total of 14 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $181.35 as their price target over the next twelve months.
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In other news, Herena Monique, Chief Colleague Experience Off sold 22,841 shares of the company’s stock on May 19. The stock was sold for $3,491,018 at an average price of $152.84. Upon completion of the transaction, the Chief Colleague Experience Off now directly owns 13,770 shares in the company, valued at $2.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, President, U.S. Consumer Serv Grosfield Howard sold 5,456 shares of the business’s stock. A total of $952,187 was realized by selling the stock at an average price of $174.52. This leaves the insider owning 7,045 shares of the company worth $1.1 million. Insiders disposed of 322,728 shares of company stock worth roughly $50.19 million over the past 1 year. A total of 0.14% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AXP stock. A new stake in American Express Company shares was purchased by MENORA MIVTACHIM HOLDINGS LTD. during the first quarter worth $44,297,000. HEARD CAPITAL LLC invested $33,511,000 in shares of AXP during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in American Express Company valued at approximately $21,257,000. EMINENCE CAPITAL, LP acquired a new stake in AXP for approximately $16,445,000. ALYESKA INVESTMENT GROUP, L.P. purchased a new stake in AXP valued at around $10,982,000 in the second quarter. In total, there are 2,587 active investors with 86.40% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $153.67 for American Express Company (NYSE: AXP). During the past 12 months, American Express Company has had a low of $130.65 and a high of $182.15. The fifty day moving average price for AXP is $158.33 and a two-hundred day moving average price translates $156.42 for the stock.
The latest earnings results from American Express Company (NYSE: AXP) was released for Mar, 2023. According to the Credit Services Company, earnings per share came in at $2.4, missing analysts’ expectations of $2.65 by -0.25. This compares to $2.73 EPS in the same period last year. The net profit margin was 12.40% and return on equity was 29.30% for AXP. The company reported revenue of $4.42 billion for the quarter, compared to $2.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 75.24 percent. For the current quarter, analysts expect AXP to generate $15.47B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/10/2023. Investors who held shares on 07/07/2023 were paid a $0.60 dividend. On an annualized basis, this represents a $2.40 dividend and a 1.54% percent yield. There was an ex-dividend date of 07/06/2023 for this dividend. In terms of dividend payout ratio, AXP is presently at 21.80%.
American Express Company(AXP) Company Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company’s products and services also comprise merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.
