American Express (AXP) Rating Reiterated by Keefe, Bruyette & Woods

American Express (NYSE:AXP)‘s stock had its “buy” rating reissued by research analysts at Keefe, Bruyette & Woods in a research report issued on Friday. They currently have a $116.00 target price on the payment services company’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 17.48% from the stock’s previous close.

A number of other analysts also recently weighed in on AXP. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Tuesday, August 29th. Morgan Stanley decreased their price target on American Express from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Friday, September 8th. Buckingham Research initiated coverage on American Express in a report on Monday, October 2nd. They set a “neutral” rating and a $92.00 price target for the company. Credit Suisse Group reiterated a “sell” rating and set a $79.00 price target on shares of American Express in a report on Wednesday, October 4th. Finally, Bank of America reiterated a “buy” rating and set a $102.00 price target on shares of American Express in a report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $94.04.

Shares of American Express (NYSE AXP) opened at $98.74 on Friday. The firm has a market capitalization of $85,910.00, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.64 and a beta of 1.22. American Express has a 1-year low of $73.50 and a 1-year high of $100.53. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31.

American Express (NYSE:AXP) last posted its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. The business had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. American Express’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share. equities analysts anticipate that American Express will post 5.86 EPS for the current fiscal year.

In other news, insider James Peter Bush sold 10,230 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $90.55, for a total value of $926,326.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anre D. Williams sold 30,761 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the completion of the transaction, the insider now directly owns 28,720 shares in the company, valued at approximately $2,682,735.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 440,310 shares of company stock valued at $42,478,329. 0.67% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rothschild Asset Management Inc. lifted its position in shares of American Express by 19.5% during the 1st quarter. Rothschild Asset Management Inc. now owns 641,409 shares of the payment services company’s stock worth $50,742,000 after buying an additional 104,647 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of American Express by 25.8% during the 1st quarter. Cornerstone Wealth Management LLC now owns 4,591 shares of the payment services company’s stock worth $358,000 after buying an additional 942 shares in the last quarter. Biltmore Wealth Management LLC bought a new stake in shares of American Express in the 1st quarter worth approximately $792,000. Segall Bryant & Hamill LLC raised its holdings in shares of American Express by 5.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 4,161 shares of the payment services company’s stock worth $329,000 after purchasing an additional 220 shares during the period. Finally, Ngam Advisors L.P. raised its holdings in shares of American Express by 10.3% in the 1st quarter. Ngam Advisors L.P. now owns 439,686 shares of the payment services company’s stock worth $34,784,000 after purchasing an additional 41,168 shares during the period. 83.35% of the stock is currently 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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