American Express (NYSE:AXP) Price Target Raised to $307.00 at JPMorgan Chase & Co.

American Express (NYSE:AXP) had its target price upped by JPMorgan Chase & Co. from $301.00 to $307.00 in a research note published on Tuesday,Benzinga reports. They currently have a neutral rating on the payment services company’s stock.

Several other analysts also recently commented on AXP. Compass Point upped their price objective on shares of American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. BTIG Research cut shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 target price for the company. in a research report on Tuesday, October 8th. Bank of America raised their price objective on shares of American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Monness Crespi & Hardt raised their price objective on shares of American Express from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group lifted their price target on shares of American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $278.09.

American Express Trading Up 1.1 %

NYSE AXP opened at $300.23 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. The firm has a market cap of $211.50 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23. The company has a 50 day moving average price of $297.91 and a 200 day moving average price of $270.60. American Express has a 52 week low of $177.81 and a 52 week high of $307.82.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The firm had revenue of $16.64 billion during the quarter, compared to analyst estimates of $16.68 billion. During the same quarter in the previous year, the business posted $3.30 EPS. American Express’s revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts forecast that American Express will post 13.4 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s payout ratio is 20.60%.

Insider Activity

In related news, insider Anre D. Williams sold 77,887 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total value of $21,049,740.62. Following the completion of the sale, the insider now owns 111,656 shares in the company, valued at $30,176,150.56. This represents a 41.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. In the last quarter, insiders sold 96,998 shares of company stock worth $26,423,439. Corporate insiders own 0.12% of the company’s stock.

Institutional Trading of American Express

Institutional investors and hedge funds have recently bought and sold shares of the business. Prospera Private Wealth LLC purchased a new stake in American Express in the 3rd quarter valued at $27,000. Kennebec Savings Bank purchased a new position in American Express during the 3rd quarter worth $29,000. True Wealth Design LLC raised its position in American Express by 332.0% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after buying an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in American Express during the 3rd quarter worth $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in American Express during the 3rd quarter worth $46,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

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.