Oppenheimer Holdings, Inc. restated their buy rating on shares of American Express Company (NYSE:AXP) in a research note published on Thursday.

AXP has been the topic of several other research reports. Barclays PLC set a $83.00 target price on American Express Company and gave the company a hold rating in a research note on Sunday, January 8th. DA Davidson restated a neutral rating on shares of American Express Company in a research note on Wednesday, December 14th. Susquehanna restated a positive rating on shares of American Express Company in a research note on Monday, December 26th. RBC Capital Markets restated a sell rating and issued a $60.00 target price on shares of American Express Company in a research note on Friday, January 6th. Finally, Pacific Crest restated a neutral rating and issued a $75.00 target price on shares of American Express Company in a research note on Friday, December 23rd. Seven investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $71.97.

Shares of American Express Company (NYSE:AXP) traded down 0.34% during midday trading on Thursday, hitting $76.62. 3,297,976 shares of the stock traded hands. The company has a market capitalization of $70.13 billion, a PE ratio of 13.61 and a beta of 1.20. The firm’s 50 day moving average price is $74.34 and its 200 day moving average price is $67.03. American Express Company has a 12-month low of $50.27 and a 12-month high of $78.00.

American Express Company (NYSE:AXP) last released its quarterly earnings data on Wednesday, October 19th. The payment services company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.28. American Express Company had a return on equity of 27.84% and a net margin of 16.67%. The business had revenue of $7.80 billion for the quarter, compared to analysts’ expectations of $7.70 billion. During the same quarter in the previous year, the business posted $1.24 EPS. American Express Company’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts expect that American Express Company will post $5.75 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Stockholders of record on Friday, January 6th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, January 4th. This represents a $1.28 annualized dividend and a dividend yield of 1.67%. American Express Company’s payout ratio is 22.70%.

In other news, insider Susan Sobbott sold 19,186 shares of the stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $70.45, for a total value of $1,351,653.70. Following the completion of the sale, the insider now owns 56,870 shares of the company’s stock, valued at $4,006,491.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ashwini Gupta sold 140,808 shares of the stock in a transaction dated Friday, October 21st. The shares were sold at an average price of $67.18, for a total value of $9,459,481.44. Following the completion of the sale, the insider now directly owns 239,718 shares of the company’s stock, valued at approximately $16,104,255.24. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Rehmann Capital Advisory Group boosted its stake in shares of American Express Company by 4.4% in the second quarter. Rehmann Capital Advisory Group now owns 7,104 shares of the payment services company’s stock valued at $432,000 after buying an additional 302 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of American Express Company by 110.1% in the second quarter. JFS Wealth Advisors LLC now owns 3,947 shares of the payment services company’s stock worth $240,000 after buying an additional 2,068 shares during the period. Bank of Montreal Can purchased a new stake in shares of American Express Company during the second quarter worth approximately $61,068,000. MSI Financial Services Inc boosted its stake in shares of American Express Company by 12.6% in the second quarter. MSI Financial Services Inc now owns 18,951 shares of the payment services company’s stock worth $1,152,000 after buying an additional 2,114 shares during the period. Finally, Sigma Planning Corp boosted its stake in shares of American Express Company by 15.0% in the second quarter. Sigma Planning Corp now owns 5,647 shares of the payment services company’s stock worth $343,000 after buying an additional 736 shares during the period. 80.59% of the stock is owned by institutional investors.

About American Express Company

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).

5 Day Chart for NYSE:AXP

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