American Express Company (NYSE:AXP) shares traded -3.89% lower at $170.22 on Wall Street last session.
In accordance with the data, 27 analysts cover American Express Company (NYSE:AXP). 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 $125.25, we find $188.00. Given the previous closing price of $177.11, this indicates a potential upside of 6.15 percent. AXP stock price is now 2.72% away from the 50-day moving average and 6.75% away from the 200-day moving average. The market capitalization of the company currently stands at $131.64B.
It has been rated a hold by 11 analysts and a buy by 12. Brokers who have rated the stock have averaged $183.73 as their price target over the next twelve months.
With the price target maintained at $185, Robert W. Baird recently Downgraded its rating from Outperform to Neutral for American Express Company (NYSE: AXP).
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 $2.34 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 $1.2 million. Insiders disposed of 341,564 shares of company stock worth roughly $58.14 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 $48,487,000. HEARD CAPITAL LLC invested $36,681,000 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 $23,268,000. EMINENCE CAPITAL, LP acquired a new stake in AXP for approximately $18,001,000. ALYESKA INVESTMENT GROUP, L.P. purchased a new stake in AXP valued at around $12,021,000 in the second quarter. In total, there are 2,587 active investors with 86.40% ownership of the company’s stock.
American Express Company (NYSE: AXP) opened at $172.17 on Friday. 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 $166.05 and a two-hundred day moving average price translates $159.61 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 $2.19, missing analysts’ expectations of $2.43 by -0.24. This compares to $2.73 EPS in the same period last year. The net profit margin was 12.90% and return on equity was 30.40% 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 $15.48B 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 1.41% 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 20.20%.
