Several analysts have recently commented on the stock.
On 5/3/2016 American Express Company announced a quarterly dividend of $0.29 1.81% with an ex dividend date of 6/29/2016 which will be payable on 8/10/2016. Park National Corp OH now owns 183,688 shares of the payment services company's stock valued at $16,617,000 after buying an additional 28,432 shares during the period. Intl Fcstone Inc. purchased a new position in American Express during the second quarter worth about $625,000. $15,000 worth of stock was sold by Decker Emily C. on Thursday, June 1. BlackRock Inc. raised its stake in American Express by 2,686.0% in the first quarter.
There are 1,344 institutional holders with active positions, accounting for 748.24 million shares in total. The value in dollars went from $2,028,000 to $2,171,000,000 increasing 106,951.3% quarter to quarter. Lsv Asset Management reported 0.01% of its portfolio in American Express Company (NYSE:AXP). Westside Investment Management Inc. now owns 1,528 shares of the payment services company's stock worth $119,000 after acquiring an additional 410 shares during the period.
The most recent open market insider trade was Sell of 6,000 shares on a day where the closing price was 84.39. (NYSE:JWN) at the time when day-trade ended the stock finally plummeted -1.49% to close at $43.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Seminole holds 14.44% of its portfolio in American Express Company (NYSE:AXP) for 700,000 shares. The shares were sold at an average price of $85.88, for a total value of $513,648.28. The disclosure for this sale can be found here. The company has market cap of $80.54 billion. The stock increased 0.46% or $0.03 on September 29, reaching $6.59. American Express spokeswoman Marina Norville said the New York-based company was pleased with the decision, which was dated September 30. If you are reading this report on another website, it was copied illegally and republished in violation of US & worldwide copyright & trademark law.
Analysts await American Express Company (NYSE:AXP) to report earnings on October, 18.
Here are a few substantial investment firms who have updated their positions.
Norman Fields Gottscho Capital Management Llc decreased American Express Company (AXP) stake by 9.5% reported in 2017Q2 SEC filing. Jefferies Group LLC restated a "hold" rating and set a $85.00 target price on shares of American Express in a report on Saturday, July 22nd. There are brokerage firms with lower targets than the average, including one setting a price target of $59.
The average 1-year price target for American Express Company (AXP) - averaging the work of different analysts - reveals a mean PT of $88.22/share. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the stock. 13 of them rate its stock a hold.
Nomura Asset Limited owns 0.2% invested in American Express Company (NYSE:AXP) for 180,445 shares.
The price-to-book ratio of 3.8 for American Express Company (NYSE:AXP) implies that investors are highly hopeful for the organization to create more value from the given set of assets. The stock's 50-day moving average price is $86.79 and its 200-day moving average price is $82.26. The company has a market capitalization of $80.04 billion, a PE ratio of 18.57 and a beta of 1.21. This is a positive change from American Express's previous quarterly dividend of $0.32.
Company's existing stock price is at $90.59 with a change in price of 0.14%. The business had revenue of $8.31 billion during the quarter, compared to analysts' expectations of $8.20 billion. During the same quarter a year ago, the company earned $2.10 earnings per share. The company's revenue was up.9% on a year-over-year basis. They expect $1.47 EPS, up 18.55% or $0.23 from last year's $1.24 per share.
On 5/1/2017 American Express Company announced a quarterly dividend of $0.32 1.61% with an ex dividend date of 7/5/2017 which will be payable on 8/10/2017. Shareholders of record on Friday, October 6th will be issued a $0.35 dividend. Shareholders of record as of December 1 will receive their higher dividends on December 29 from the global aerospace and defense company. This represents a $1.40 annualized dividend and a yield of 1.55%. American Express Co now has $79.96B valuation. DA Davidson initiated the shares of AXP in report on Wednesday, January 13 with "Neutral" rating. This repurchase authorization permits the payment services company to reacquire up to 5.9% of its shares through open market purchases. Buckminster Douglas E. had sold 3,000 shares worth $237,720 on Friday, April 28.
American Express Company, together with its subsidiaries, is a global services company. The Company's principal services and products are charge and credit card products, and travel-related services, which are offered to clients 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).