Oppenheimer set a $117.00 target price on American Express (NYSE:AXP) in a research report sent to investors on Friday. The brokerage currently has a buy rating on the payment services company’s stock.

A number of other equities research analysts have also issued reports on AXP. Buckingham Research initiated coverage on American Express in a research note on Monday, October 2nd. They issued a neutral rating and a $92.00 target price on the stock. Credit Suisse Group reaffirmed a sell rating and issued a $79.00 target price on shares of American Express in a research note on Wednesday, October 4th. Bank of America reiterated a buy rating and issued a $102.00 price target on shares of American Express in a report on Monday, October 9th. Wells Fargo & Co began coverage on American Express in a report on Tuesday, October 10th. They issued an outperform rating and a $105.00 price target for the company. Finally, Compass Point downgraded American Express from a buy rating to a neutral rating in a report on Thursday, October 12th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the stock. American Express currently has a consensus rating of Hold and an average target price of $100.80.

Shares of American Express (NYSE AXP) opened at $98.03 on Friday. American Express has a 52 week low of $75.39 and a 52 week high of $102.39. The company has a quick ratio of 1.90, a current ratio of 2.37 and a debt-to-equity ratio of 3.11. The stock has a market capitalization of $85,090.00, a P/E ratio of 32.79, a P/E/G ratio of 1.32 and a beta of 1.22.

American Express (NYSE:AXP) last posted its earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.04. American Express had a return on equity of 26.07% and a net margin of 8.08%. The firm had revenue of $8.84 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the prior year, the company earned $0.91 EPS. American Express’s revenue was up 10.2% on a year-over-year basis. equities analysts forecast that American Express will post 7.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.43%. American Express’s payout ratio is 46.82%.

In other news, insider James Peter Bush sold 12,789 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the completion of the sale, the insider now directly owns 92,504 shares in the company, valued at approximately $9,199,522.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kenneth I. Chenault sold 96,440 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $97.30, for a total value of $9,383,612.00. Following the sale, the chief executive officer now owns 1,178,333 shares of the company’s stock, valued at $114,651,800.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 442,869 shares of company stock valued at $42,823,869. Insiders own 0.67% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its holdings in American Express by 4.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 143,134 shares of the payment services company’s stock valued at $12,948,000 after purchasing an additional 6,709 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in American Express by 10.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,669 shares of the payment services company’s stock valued at $478,000 after purchasing an additional 554 shares in the last quarter. Westpac Banking Corp increased its holdings in American Express by 2.2% in the 3rd quarter. Westpac Banking Corp now owns 243,683 shares of the payment services company’s stock valued at $22,044,000 after purchasing an additional 5,252 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in American Express in the 3rd quarter valued at $5,505,000. Finally, Shelton Capital Management acquired a new stake in American Express in the 2nd quarter valued at $670,000. Institutional investors and hedge funds own 83.45% of the company’s stock.

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American Express Company Profile

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

Analyst Recommendations for American Express (NYSE:AXP)

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