American Express (NYSE:AXP) has been assigned an average recommendation of “Buy” from the twenty-seven brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $112.77.

AXP has been the subject of several research analyst reports. Bank of America set a $125.00 target price on American Express and gave the stock a “buy” rating in a research report on Friday, October 19th. Nomura lifted their target price on American Express from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, October 19th. Oppenheimer reiterated a “buy” rating and set a $114.00 target price on shares of American Express in a research report on Thursday, October 18th. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Tuesday, October 9th. Finally, DZ Bank upgraded American Express from a “hold” rating to a “buy” rating in a research report on Friday, July 20th.

In related news, major shareholder Ventures Fund Vii L.P. Vivo bought 20,142,123 shares of the business’s stock in a transaction on Thursday, August 30th. The shares were bought at an average price of $0.17 per share, for a total transaction of $3,424,160.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott Murcray bought 350,000 shares of the business’s stock in a transaction on Monday, September 3rd. The stock was bought at an average price of $0.28 per share, for a total transaction of $98,000.00. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its stake in American Express by 2.4% in the third quarter. BlackRock Inc. now owns 45,176,984 shares of the payment services company’s stock valued at $4,810,897,000 after purchasing an additional 1,045,964 shares during the last quarter. FMR LLC grew its stake in American Express by 71.6% in the third quarter. FMR LLC now owns 16,447,370 shares of the payment services company’s stock valued at $1,751,481,000 after purchasing an additional 6,861,701 shares during the last quarter. Fisher Asset Management LLC grew its stake in American Express by 2.4% in the third quarter. Fisher Asset Management LLC now owns 10,357,743 shares of the payment services company’s stock valued at $1,102,996,000 after purchasing an additional 246,871 shares during the last quarter. American Century Companies Inc. grew its stake in American Express by 5.4% in the second quarter. American Century Companies Inc. now owns 5,522,458 shares of the payment services company’s stock valued at $541,201,000 after purchasing an additional 282,496 shares during the last quarter. Finally, Third Point LLC purchased a new position in American Express in the third quarter valued at about $532,450,000. Institutional investors own 82.98% of the company’s stock.

Shares of NYSE:AXP traded down $0.22 on Monday, hitting $108.28. 4,443,980 shares of the company’s stock were exchanged, compared to its average volume of 4,087,055. American Express has a 12 month low of $87.54 and a 12 month high of $111.77. The company has a market cap of $91.67 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.45 and a beta of 1.06. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.58.

American Express (NYSE:AXP) last released its earnings results on Thursday, October 18th. The payment services company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.11. American Express had a return on equity of 31.26% and a net margin of 9.51%. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same period last year, the company earned $1.50 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities research analysts predict that American Express will post 7.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Friday, October 5th were paid a dividend of $0.39 per share. The ex-dividend date was Thursday, October 4th. This represents a $1.56 annualized dividend and a dividend yield of 1.44%. This is a positive change from American Express’s previous quarterly dividend of $0.35. American Express’s dividend payout ratio (DPR) is currently 26.58%.

About American Express

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

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Analyst Recommendations for American Express (NYSE:AXP)

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