American Express (NYSE:AXP)‘s stock had its “outperform” rating reiterated by equities researchers at William Blair in a report issued on Monday,RTT News reports.
Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price target on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group raised their price target on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Keefe, Bruyette & Woods raised their target price on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Monday. Monness Crespi & Hardt increased their price target on shares of American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Evercore ISI lifted their price target on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a report on Monday, October 7th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $282.82.
Read Our Latest Stock Report on American Express
American Express Stock Down 1.5 %
American Express (NYSE:AXP – Get Free Report) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. On average, equities analysts predict that American Express will post 13.4 EPS for the current year.
Insider Activity at American Express
In related news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the transaction, the chief financial officer now owns 6,433 shares in the company, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the transaction, the insider now owns 109,691 shares in the company, valued at approximately $29,724,067.18. The trade was a 10.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.
Hedge Funds Weigh In On American Express
Several institutional investors and hedge funds have recently made changes to their positions in the company. World Investment Advisors LLC lifted its holdings in shares of American Express by 430.6% during the third quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock worth $1,292,000 after buying an additional 3,867 shares in the last quarter. XML Financial LLC boosted its position in shares of American Express by 9.8% during the 3rd quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock valued at $306,000 after purchasing an additional 101 shares in the last quarter. LVM Capital Management Ltd. MI grew its position in shares of American Express by 3.1% during the 4th quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock worth $25,626,000 after buying an additional 2,557 shares during the period. Nordea Investment Management AB increased its stake in American Express by 12.7% in the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock valued at $655,137,000 after purchasing an additional 247,864 shares in the last quarter. Finally, Founders Grove Wealth Partners LLC acquired a new position in American Express during the 4th quarter worth approximately $298,000. Institutional investors and hedge funds own 84.33% of the company’s stock.
About American Express
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.
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