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Analysts’ consensus recommendation for American Express (NYSE:AXP) is “Hold.”

Analysts’ consensus recommendation for American Express (NYSE:AXP) is “Hold.”

According to Bloomberg.com, the twenty-two analysts covering American Express (NYSE: AXP) have given the stock an average ” Hold ” rating for their company coverage. This rating is based on the fact that they anticipate that the company will continue to generate positive earnings. Two analysts suggested selling the stock, ten suggested holding onto the stock, and five suggested purchasing the stock. The average price target for one year given by brokerage firms that have updated their stock coverage within the past year is $170.95, which has been provided for the stock.
AXP has been mentioned in several brokerage reports as a topic of discussion. Citigroup decreased their price target on American Express from $130.00 to $128.00 and assigned the stock a “sell” rating in a research report published on Monday, October 24. This particular study focused on American Express. StockNews.com debuted its coverage of American Express on October 12 with the publication of a research study that was the website’s first piece on the company. They advised their clients to “hold” the stock moving forward. The UBS Group released its research report on American Express on November 21. The report marked the beginning of its coverage of the company. They gave the stock a ” neutral ” rating and predicted it would reach a price of $168.00 by the end of the trading day. Piper Sandler maintained a “neutral” rating on shares of American Express and set a price objective of $159.00 for the stock in a research note published on Tuesday, December 13. Piper Sandler also established a price target of $159.00 for the stock. Credit Suisse Group lowered their price objective on American Express to $135.00 in a research report made public on Thursday, October 13. This comes after they had initially decided to set it at the amount of $150.00.
A further item worthy of mention is that on Tuesday, December 6, 2016, 16,354 shares of the company’s stock were sold by Douglas E. Buckminster, who serves as the company’s vice chairman. The total amount received for the sale of the shares was $2,522,277.42, which works out to an average selling price of $154.23 per share. Following the completion of the transaction, the insider will continue to hold a total of 99,024 shares of the company, which will result in a market value of 15,272,471.52 dollars. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website. According to reports from other recent news sources, the Vice Chairman of the company, Douglas E. Buckminster, sold 16,354 company stock on Tuesday, December 6. The total amount received for the sale of the shares was $2,522,277.42, which works out to an average selling price of $154.23 per share. Following the completion of the transaction, the insider will continue to hold a total of 99,024 shares of the company, which will result in a market value of 15,272,471.52 dollars. If you follow this link, you will be taken to a document submitted to the Securities and Exchange Commission (SEC). The document contains an in-depth explanation of the reported transaction to the SEC. Another 1,000 shares of the company’s stock were purchased on Tuesday, November 8, by Walter Joseph Clayton III, a company director. The total cost of purchasing the shares was $149,000.00, based on the weighted average price of $149.27 per share. This price was determined by multiplying the number of shares purchased by the weighted average price. As a result of the acquisition, the director now has direct ownership of 1,000 shares of the company’s stock, which together have a value of $149,270. You should look in this location if you are looking for the disclosure that pertains to this transaction. Only 0.11% of the total company stock is held by current and former employees of the company.
During the past few months, several large investors have been making purchases and sales of AXP shares. During the third quarter, Addison Advisors LLC increased the amount of American Express stock owned by 239.0%, bringing its total ownership percentage to 100%. Addison Advisors LLC now has 200 shares in the payment services company after purchasing an additional 141 shares during the most recent quarter. The value of Addison Advisors LLC’s shares in the payment services company is currently $27,000. During the third quarter of the current fiscal year, Karp Capital Management Corporation invested $28,000 in an existing stake it had recently acquired in American Express. During the second quarter of this year, Heritage Wealth Management LLC made an investment in American Express totaling 31,000 dollars by acquiring a new holding in the company. During the second quarter of this year, WFA of San Diego LLC initiated a new investment in American Express for $41,000. A new investment in American Express cost Mach 1 Financial Group LLC a total of $43,000 during the third quarter of the year, making it the last and certainly not the least of the items on this list. To the tune of 83.30 percent, the company’s stock is owned by institutional investors.
A price of $150.17 per share was set for opening trading in AXP shares on Friday. The moving average of the company’s stock price over the past 50 days is $150.59, and the moving average over the past 200 days is $149.32. Over the past 52 weeks, the price of an American Express card has fluctuated between a low of $130.65 and a high of $199.55. Due to factors such as its market value of $112.21 billion, its P/E ratio of 15.09, its PEG ratio of 1.14, and its beta value of 1.14, the company has adequate financial resources. In addition, there is a debt-to-equity ratio of 1.77, a quick ratio of 1.61, and a current ratio of 1.61. Each of these ratios is equal to 1.61.
The most recent earnings report for American Express, which is traded on the New York Stock Exchange under the ticker symbol “AXP,” was made public on October 21. The provider of payment processing services reported earnings of $2.47 per share (EPS) for the quarter, which is $0.05 more than the average prediction made by market experts, who predicted earnings of $2.42 per share. Both the return on equity and the net margin for the company came in at 33.28% and 15.02%, respectively, for American Express. The analysts’ revenue projections for the company’s upcoming quarter ranged from $13.58 billion to $13.56 billion, with the average estimate falling in the middle. The company generated earnings of $2.27 per share during the same period in the prior year’s operations. In comparison to the same period in the previous year, American Express reported a quarterly revenue increase of 24.0%. The majority opinion of the finance community members is that American Express will be able to post earnings of $9.96 per share for the current fiscal year.
In addition, the company disclosed that it would be implementing a quarterly dividend, which is scheduled to be paid out on February 10. Shareholders who had their shares registered by the time the business day came to a close on Friday, January 6, will be eligible to receive a $0.52 dividend payment. The date shareholders will no longer receive dividends is Thursday, January 5. This equates to a dividend payment of $2.08 per year and a yield of 1.39% per month on the investment. American Express is committed to maintaining a payout ratio of 20.90%.

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