American Express (NYSE:AXP) Research Coverage Started at Wolfe Research

Wolfe Research started coverage on shares of American Express (NYSE:AXP) in a research report sent to investors on Monday, MarketBeat reports. The brokerage issued a peer perform rating on the payment services company’s stock.

Several other research firms have also recently weighed in on AXP. Keefe, Bruyette & Woods increased their price objective on American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. BTIG Research raised their price target on shares of American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a research report on Friday, October 17th. DZ Bank raised shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective for the company in a report on Tuesday, October 21st. Weiss Ratings restated a “buy (b-)” rating on shares of American Express in a research report on Monday, December 1st. Finally, Barclays lifted their price target on shares of American Express from $336.00 to $355.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Nine investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $332.65.

American Express Trading Up 3.3%

Shares of AXP stock opened at $375.90 on Monday. American Express has a 12-month low of $220.43 and a 12-month high of $377.98. The company has a market capitalization of $258.94 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.64 and a beta of 1.14. The firm has a 50 day moving average price of $352.66 and a two-hundred day moving average price of $327.03. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The company had revenue of $17.14 billion for the quarter, compared to analyst estimates of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, analysts predict that American Express will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, October 10th were paid a dividend of $0.82 per share. The ex-dividend date was Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s dividend payout ratio is presently 22.01%.

Insider Activity

In other American Express news, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the transaction, the insider owned 2,515 shares in the company, valued at $894,359.15. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Elizabeth Rutledge sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the completion of the sale, the chief marketing officer owned 85,577 shares in the company, valued at approximately $30,825,691.17. The trade was a 36.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 57,515 shares of company stock worth $20,658,509. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On American Express

Several large investors have recently modified their holdings of AXP. Gratus Wealth Advisors LLC grew its position in shares of American Express by 0.8% in the 3rd quarter. Gratus Wealth Advisors LLC now owns 3,712 shares of the payment services company’s stock valued at $1,233,000 after buying an additional 28 shares during the last quarter. Murphy & Mullick Capital Management Corp boosted its position in shares of American Express by 10.0% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock valued at $105,000 after purchasing an additional 28 shares in the last quarter. McGlone Suttner Wealth Management Inc. boosted its holdings in shares of American Express by 1.0% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 2,910 shares of the payment services company’s stock worth $967,000 after buying an additional 29 shares in the last quarter. Walkner Condon Financial Advisors LLC boosted its stake in American Express by 2.1% during the third quarter. Walkner Condon Financial Advisors LLC now owns 1,378 shares of the payment services company’s stock worth $458,000 after acquiring an additional 29 shares in the last quarter. Finally, Invenio Wealth Partners LLC raised its holdings in shares of American Express by 3.9% during the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after purchasing an additional 29 shares during the period. Institutional investors own 84.33% of the company’s stock.

About American Express

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.