Stocks of American Express Co. (NYSE:AXP) traded higher last session on Wall Street, down -0.13% to $143.34.
According to the data, American Express Co. (NYSE:AXP) has 27 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 $201.00 and a low of $125.00, we find $176.00. Given the previous closing price of $143.52, this indicates a potential upside of 22.63 percent. AXP stock price is now -7.15% away from the 50-day moving average and -11.85% away from the 200-day moving average. The market capitalization of the company currently stands at $104.46B.
A total of 11 analysts have issued a hold rating and 13 have given it a buy rating. Brokers who have rated the stock have averaged $174.05 as their price target over the next twelve months.
With the price target enhanced from $143 to $154, Citigroup Upgraded its rating from Sell to Neutral for American Express Co. (NYSE: AXP).
In other news, Clayton Walter Joseph III, Director bought 1,000 shares of the company’s stock on Oct 24. The stock was bought for $143,930 at an average price of $143.93. Upon completion of the transaction, the Director now directly owns 2,000 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19, Chief Colleague Experience Off Herena Monique sold 22,841 shares of the business’s stock. A total of $3,491,018 was realized by selling the stock at an average price of $152.84. This leaves the insider owning 13,770 shares of the company worth $1.97 million. Insiders disposed of 359,562 shares of company stock worth roughly $51.54 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 $327,228,000. CLEAR STREET LLC invested $40,694,000 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 $20,121,000. PRANA CAPITAL MANAGEMENT, LP acquired a new stake in AXP for approximately $14,947,000. MML INVESTORS SERVICES, LLC purchased a new stake in AXP valued at around $11,946,000 in the second quarter. In total, there are 2,636 active investors with 86.42% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $143.37 for American Express Co. (NYSE: AXP). During the past 12 months, American Express Co. has had a low of $138.77 and a high of $182.15. The fifty day moving average price for AXP is $154.03 and a two-hundred day moving average price translates $162.57 for the stock.
The latest earnings results from American Express Co. (NYSE: AXP) was released for Sep, 2023. According to the Credit Services Company, earnings per share came in at $3.11, beating analysts’ expectations of $2.77 by 0.34. This compares to $2.47 EPS in the same period last year. The net profit margin was 12.14% and return on equity was 31.02% for AXP. The company reported revenue of $5.24 billion for the quarter, compared to $3.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 55.31 percent. For the current quarter, analysts expect AXP to generate $15.09B 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 $2.41 dividend and a 1.68% 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%.
American Express Co.(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.
