Published: Sat, October 21, 2017
Money | By Armando Alvarado

American Express Company (AXP) - Barclays Maintains Rating And Updates Price Target


Analysts expect next quarter's EPS will be $1.53 and the next full year EPS is anticipated to be $6.47. $377,212 worth of American Express Company (NYSE:AXP) was sold by GORDON MARC D on Wednesday, May 24. ILLEGAL ACTIVITY WARNING: This news story was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & global copyright and trademark legislation. Altfest L J And Incorporated reported 0.25% in American Express Company (NYSE:AXP).

Looking at a company's operating margin is also helpful.

October 19 investment analysts at Bank of America kept the stock rating at "Buy" and moved up the price target from $102.00 to $106.00. Jefferies Group LLC restated an in-line rating and set a $93.00 target price (up previously from $85.00) on shares of American Express in a report on Thursday. Schwab Charles Invest Management reported 2.70 million shares. Finally, Guggenheim reissued a buy rating and set a $95.00 price objective (up from $90.00) on shares of American Express in a research report on Saturday, July 22nd.

Among 34 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 5 Sell and 19 Hold.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter. American Express Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President, GNICS Bush James Peter has sold 10,230 shares of American Express Company (AXP) in trading session dated October 02, 2017. Berkshire Hathaway Inc owns $13.96 billion in American Express Company, which represents roughly 17.07% of the company's market cap and approximately 20.3% of the institutional ownership.

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Company shares are trading at $92.92 marginally over $89.03, the stock's 50 day moving average and well above the 200 day moving average of $83.45. American Express has a 52-week low of $65.03 and a 52-week high of $93.29.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Appleton Partners Ma reported 0.04% of its portfolio in American Express Company (NYSE:AXP). Moreover, M&T Retail Bank has 0.12% invested in American Express Company (NYSE:AXP) for 249,558 shares.

American Express Co. has a 12-month low of $50.27 and a 12-month high of $73.35. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company's stock worth $109,000 after acquiring an additional 300 shares during the period. Motco boosted its position in American Express by 31.6% in the third quarter. MV Capital Management Inc. lifted its holdings in American Express by 3.5% during the 2nd quarter. The stock has "Hold" rating by BMO Capital Markets on Thursday, June 1. Finally, SRS Capital Advisors Inc. raised its stake in American Express by 10.3% during the 1st quarter. Motco now owns 1,815 shares of the payment services company's stock worth $116,000 after buying an additional 436 shares during the last quarter. The stock rose 0.77% or $0.71 reaching $92.61 per share. The shares were sold at an average price of $84.62, for a total transaction of $66,807,743.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Sobbott sold 6,000 shares of American Express stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $72.28, for a total value of $10,555,048.40. The disclosure for this sale can be found here. Insiders sold a total of 953,636 shares of company stock worth $80,863,777 in the last ninety days.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be given a $0.35 dividend. The ex-dividend date is Thursday the 5th of October 2017. An ROI of 4.20% for American Express Company evaluates and compares the efficiency of the various numbers of investments relative to the cost of investments. At present, the PEG is valued at 1.64 alongside the P/S ratio of 2.51 and P/B ratio of 3.87. American Express's dividend payout ratio is presently 22.70%.

American Express announced that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that allows the company to buyback $4.40 billion in shares. This buyback authorization permits the payment services company to reacquire up to 5.9% of its stock through open market purchases. The Marathon Asset Management Llp holds 942,110 shares with $79.36M value, up from 582,538 last quarter.

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