American Express Co. (NYSE:AXP)’s share price gapped up before the market opened on Monday . The stock had previously closed at $61.23, but opened at $61.49. American Express shares last traded at $62.15, with a volume of 1,570,267 shares traded.

A number of equities analysts recently weighed in on the stock. Compass Point assumed coverage on shares of American Express in a report on Friday, April 15th. They set a “buy” rating and a $69.00 target price on the stock. DA Davidson upped their price objective on shares of American Express from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. Deutsche Bank AG downgraded shares of American Express from a “buy” rating to a “hold” rating and set a $66.00 price objective on the stock. in a report on Thursday, April 21st. They noted that the move was a valuation call. Piper Jaffray Cos. reiterated a “hold” rating and issued a $71.00 price objective (up from $66.00) on shares of American Express in a report on Thursday, April 21st. Finally, Vetr downgraded shares of American Express from a “strong-buy” rating to a “buy” rating and set a $67.47 price objective on the stock. in a report on Monday. Five investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $70.30.

The stock has a 50-day moving average price of $62.81 and a 200-day moving average price of $61.08. The firm has a market cap of $59.12 billion and a PE ratio of 12.41.

American Express (NYSE:AXP) last issued its quarterly earnings results on Wednesday, April 20th. The payment services company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.10. The business had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.08 billion. The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 EPS. On average, equities analysts anticipate that American Express Co. will post $5.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Investors of record on Friday, July 1st will be given a $0.29 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.87%.

In related news, insider Susan Sobbott sold 14,682 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $65.50, for a total value of $961,671.00. Following the completion of the sale, the insider now owns 51,552 shares in the company, valued at approximately $3,376,656. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Linda Zukauckas sold 2,547 shares of the business’s stock in a transaction that occurred on Friday, April 22nd. The stock was sold at an average price of $66.08, for a total value of $168,305.76. Following the completion of the sale, the executive vice president now owns 5,100 shares of the company’s stock, valued at approximately $337,008. The disclosure for this sale can be found here.

A number of hedge funds have recently added to or reduced their stakes in the company. Veritas Asset Management LLP increased its stake in American Express by 11.9% in the fourth quarter. Veritas Asset Management LLP now owns 7,033,097 shares of the payment services company’s stock worth $489,152,000 after buying an additional 745,397 shares during the last quarter. Harris Associates L P increased its stake in American Express by 10.5% in the fourth quarter. Harris Associates L P now owns 6,472,713 shares of the payment services company’s stock worth $450,177,000 after buying an additional 617,445 shares during the last quarter. Baillie Gifford & Co. increased its stake in American Express by 5.6% in the fourth quarter. Baillie Gifford & Co. now owns 4,751,625 shares of the payment services company’s stock worth $330,476,000 after buying an additional 251,890 shares during the last quarter. California Public Employees Retirement System increased its stake in American Express by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 2,473,326 shares of the payment services company’s stock worth $172,020,000 after buying an additional 22,300 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in American Express by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,239,431 shares of the payment services company’s stock worth $155,763,000 after buying an additional 155,627 shares during the last quarter.

American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.