Compass Point Cuts American Express (NYSE:AXP) Price Target to $309.00

American Express (NYSE:AXP) had its price objective lowered by research analysts at Compass Point from $325.00 to $309.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the payment services company’s stock. Compass Point’s price objective points to a potential downside of 2.29% from the stock’s previous close.

AXP has been the topic of a number of other reports. Barclays lifted their price target on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. William Blair restated an “outperform” rating on shares of American Express in a research note on Monday. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. UBS Group lifted their price target on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Finally, Truist Financial assumed coverage on American Express in a research report on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $288.32.

American Express Stock Down 1.6 %

American Express stock traded down $5.11 during mid-day trading on Monday, reaching $316.23. The stock had a trading volume of 3,075,647 shares, compared to its average volume of 2,788,975. American Express has a fifty-two week low of $199.07 and a fifty-two week high of $326.27. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The stock’s 50-day simple moving average is $302.35 and its 200-day simple moving average is $275.17. The firm has a market capitalization of $222.77 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. On average, sell-side analysts forecast that American Express will post 13.4 EPS for the current fiscal year.

Insider Buying and Selling at American Express

In related news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction on 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 directly owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the sale, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. The trade was a 10.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Prospera Private Wealth LLC purchased a new position in shares of American Express during the third quarter valued at about $27,000. Kennebec Savings Bank purchased a new position in shares of American Express during the third quarter valued at about $29,000. True Wealth Design LLC grew its position in shares of American Express by 332.0% during the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 83 shares in the last quarter. Financial Life Planners purchased a new position in shares of American Express during the fourth quarter valued at about $38,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of American Express during the third quarter valued at about $38,000. Hedge funds and other institutional investors 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.