American Express (NYSE:AXP) PT Raised to $265.00

American Express (NYSE:AXP) had its price objective increased by stock analysts at Wells Fargo & Company from $250.00 to $265.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the payment services company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 11.77% from the company’s current price.

Several other research firms have also commented on AXP. BMO Capital Markets raised their price target on shares of American Express from $167.00 to $175.00 and gave the company an “underperform” rating in a report on Monday. Evercore ISI raised their price target on shares of American Express from $229.00 to $243.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. UBS Group raised their price target on shares of American Express from $188.00 to $206.00 and gave the company a “neutral” rating in a report on Monday, January 29th. HSBC raised their price target on shares of American Express from $232.00 to $239.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, TD Cowen lifted their price objective on shares of American Express from $221.00 to $225.00 and gave the company a “hold” rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $209.52.

American Express Trading Down 0.8 %

Shares of AXP stock opened at $237.10 on Wednesday. The firm has a market cap of $170.55 billion, a P/E ratio of 19.53, a PEG ratio of 1.36 and a beta of 1.23. American Express has a 1-year low of $140.91 and a 1-year high of $240.55. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.62 and a quick ratio of 1.63. The firm’s 50-day simple moving average is $222.11 and its 200-day simple moving average is $190.85.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.36. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.79 billion. American Express had a net margin of 14.50% and a return on equity of 32.46%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.40 EPS. As a group, equities analysts forecast that American Express will post 12.98 EPS for the current year.

Insiders Place Their Bets

In other American Express news, insider Monique Herena sold 11,242 shares of American Express stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $208.41, for a total value of $2,342,945.22. Following the completion of the transaction, the insider now owns 13,874 shares of the company’s stock, valued at $2,891,480.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other American Express news, CEO Stephen J. Squeri sold 38,873 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $238.63, for a total value of $9,276,263.99. Following the sale, the chief executive officer now directly owns 76,310 shares in the company, valued at $18,209,855.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Monique Herena sold 11,242 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $208.41, for a total value of $2,342,945.22. Following the completion of the sale, the insider now owns 13,874 shares in the company, valued at $2,891,480.34. The disclosure for this sale can be found here. Insiders sold a total of 210,920 shares of company stock valued at $45,804,652 over the last 90 days. 0.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Express

A number of hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its stake in American Express by 0.6% in the third quarter. Northern Trust Corp now owns 6,953,460 shares of the payment services company’s stock valued at $1,037,387,000 after buying an additional 41,443 shares during the last quarter. Norges Bank bought a new stake in American Express in the fourth quarter valued at $1,112,747,000. Artisan Partners Limited Partnership raised its stake in shares of American Express by 11.4% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,855,211 shares of the payment services company’s stock valued at $909,575,000 after purchasing an additional 496,153 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of American Express by 21.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,839,276 shares of the payment services company’s stock valued at $713,202,000 after purchasing an additional 667,695 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd raised its stake in shares of American Express by 1.9% during the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 3,572,743 shares of the payment services company’s stock valued at $533,018,000 after purchasing an additional 67,575 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Company Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.