The stock of American Express Co. (NYSE:AXP) last traded at $150.23, up 0.22% from the previous session.
Data from the available sources indicates that American Express Co. (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 $149.90, this indicates a potential upside of 25.42 percent. AXP stock price is now -7.17% away from the 50-day moving average and -7.63% away from the 200-day moving average. The market capitalization of the company currently stands at $110.64B.
In total, 9 analysts have assigned it a hold rating, and 13 have given it a buy rating. Brokers who have rated the stock have averaged $183.24 as their price target over the next twelve months.
With the price target enhanced from $197 to $200, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for American Express Co. (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 $2.07 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 $1.06 million. Insiders disposed of 359,562 shares of company stock worth roughly $54.02 million over the past 1 year. A total of 0.12% 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 Co. shares was purchased by SWISS NATIONAL BANK during the first quarter worth $342,957,000. CLEAR STREET LLC invested $42,650,000 in shares of AXP during the first quarter. In the first quarter, JANNEY MONTGOMERY SCOTT LLC acquired a new stake in American Express Co. valued at approximately $21,088,000. PRANA CAPITAL MANAGEMENT, LP acquired a new stake in AXP for approximately $15,666,000. MML INVESTORS SERVICES, LLC purchased a new stake in AXP valued at around $12,520,000 in the second quarter. In total, there are 2,636 active investors with 85.47% ownership of the company’s stock.
During the past 12 months, American Express Co. has had a low of $130.65 and a high of $182.15. The fifty day moving average price for AXP is $161.84 and a two-hundred day moving average price translates $162.64 for the stock.
The latest earnings results from American Express Co. (NYSE: AXP) was released for Jun, 2023. The net profit margin was 11.78% and return on equity was 29.57% 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.
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 $2.38 dividend and a 1.59% 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 21.14%.
