The stock of American Express Company (NYSE:AXP) last traded at $157.99, down -1.36% from the previous session.
Data from the available sources indicates that American Express Company (NYSE:AXP) is covered by 27 analysts. 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 $125.00, we find $188.00. Given the previous closing price of $160.17, this indicates a potential upside of 17.38 percent. AXP stock price is now -5.64% away from the 50-day moving average and -2.69% away from the 200-day moving average. The market capitalization of the company currently stands at $115.96B.
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In total, 10 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $183.10 as their price target over the next twelve months.
With the price target reduced from $172 to $149, Piper Sandler Downgraded its rating from Neutral to Underweight 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 $2.18 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 $1.11 million. Insiders disposed of 341,564 shares of company stock worth roughly $53.96 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 SWISS NATIONAL BANK during the first quarter worth $360,672,000. CLEAR STREET LLC invested $44,853,000 in shares of AXP during the first quarter. In the first quarter, JANNEY MONTGOMERY SCOTT LLC acquired a new stake in American Express Company valued at approximately $22,178,000. PORTSIDE WEALTH GROUP, LLC acquired a new stake in AXP for approximately $18,383,000. PRANA CAPITAL MANAGEMENT, LP purchased a new stake in AXP valued at around $16,475,000 in the second quarter. In total, there are 2,636 active investors with 86.40% ownership of the company’s stock.
With an opening price of $160.66 on Thursday morning, American Express Company (NYSE: AXP) set off the trading day. 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 $167.44 and a two-hundred day moving average price translates $162.35 for the stock.
The latest earnings results from American Express Company (NYSE: AXP) was released for Jun, 2023. According to the Credit Services Company, earnings per share came in at $2.89, beating analysts’ expectations of $2.81 by 0.08. This compares to $2.57 EPS in the same period last year. The net profit margin was 12.20% and return on equity was 29.00% for AXP. The company reported revenue of $4.78 billion for the quarter, compared to $2.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 70.6 percent. For the current quarter, analysts expect AXP to generate $15.4B 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 1.52% 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 21.90%.
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.
