TheStreet downgraded shares of American Express (NYSE:AXP) from a b+ rating to a c+ rating in a research report released on Thursday.

AXP has been the subject of a number of other research reports. Credit Suisse Group reiterated an underperform rating and set a $84.00 price target (up previously from $79.00) on shares of American Express in a research report on Thursday, October 19th. Wells Fargo & Co reiterated an outperform rating and set a $115.00 price target (up previously from $105.00) on shares of American Express in a research report on Tuesday, January 9th. ValuEngine lowered American Express from a buy rating to a hold rating in a research report on Friday, December 1st. Bank of America reiterated a buy rating and set a $102.00 price target on shares of American Express in a research report on Monday, October 9th. Finally, Morgan Stanley boosted their price target on American Express from $89.00 to $97.00 and gave the stock an equal weight rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $101.08.

Shares of American Express (NYSE:AXP) traded up $0.29 on Thursday, reaching $98.32. The company had a trading volume of 4,952,870 shares, compared to its average volume of 3,877,300. The company has a market cap of $85,340.00, a P/E ratio of 32.88, a P/E/G ratio of 1.32 and a beta of 1.22. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.90 and a current ratio of 2.37. American Express has a 52-week low of $75.39 and a 52-week high of $102.39.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.04. American Express had a return on equity of 26.07% and a net margin of 8.08%. The company had revenue of $8.84 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. equities analysts predict that American Express will post 7.26 EPS 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 $0.35 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 annualized dividend and a dividend yield of 1.42%. American Express’s dividend payout ratio (DPR) is 46.82%.

In other news, EVP Linda Zukauckas sold 3,196 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $95.42, for a total transaction of $304,962.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Sobbott sold 5,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $94.34, for a total value of $518,870.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 442,869 shares of company stock valued at $42,823,869. Insiders own 0.67% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its position in American Express by 4.9% during the third quarter. Advisors Asset Management Inc. now owns 143,134 shares of the payment services company’s stock valued at $12,948,000 after buying an additional 6,709 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in American Express by 10.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,669 shares of the payment services company’s stock valued at $478,000 after buying an additional 554 shares during the period. Westpac Banking Corp raised its position in American Express by 2.2% during the third quarter. Westpac Banking Corp now owns 243,683 shares of the payment services company’s stock valued at $22,044,000 after buying an additional 5,252 shares during the period. Crossmark Global Holdings Inc. acquired a new position in American Express during the third quarter valued at $5,505,000. Finally, Shelton Capital Management acquired a new position in American Express during the second quarter valued at $670,000. 83.45% of the stock is owned by institutional investors and hedge funds.

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About American Express

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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