Vetr lowered shares of American Express Co. (NYSE:AXP) from a buy rating to a strong sell rating in a research note issued to investors on Thursday morning. Vetr currently has $53.00 price target on the payment services company’s stock.

Other research analysts also recently issued research reports about the company. Citigroup Inc. restated a buy rating on shares of American Express in a report on Wednesday, August 10th. Oppenheimer Holdings Inc. reiterated a hold rating on shares of American Express in a report on Thursday, July 21st. BMO Capital Markets assumed coverage on American Express in a report on Thursday, July 21st. They set a hold rating and a $73.00 target price on the stock. Jefferies Group reiterated a hold rating and set a $60.00 target price on shares of American Express in a report on Thursday, July 21st. Finally, Nomura reiterated a hold rating on shares of American Express in a report on Saturday, July 9th. Nine investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the stock. American Express has a consensus rating of Hold and an average price target of $67.88.

American Express (NYSE:AXP) traded up 0.70% on Thursday, hitting $60.83. The stock had a trading volume of 716,914 shares. The company has a market cap of $56.19 billion, a P/E ratio of 10.76 and a beta of 1.24. American Express has a 1-year low of $50.27 and a 1-year high of $77.61. The stock has a 50 day moving average price of $64.01 and a 200 day moving average price of $63.60.

American Express (NYSE:AXP) last announced its quarterly earnings results on Wednesday, July 20th. The payment services company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.15. American Express had a return on equity of 28.00% and a net margin of 16.73%. The company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.33 billion. During the same quarter in the previous year, the business earned $1.42 EPS. American Express’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts expect that American Express will post $5.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, October 7th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This is an increase from American Express’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 2.12%. American Express’s payout ratio is currently 22.54%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in American Express by 0.5% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,607 shares of the payment services company’s stock worth $158,000 after buying an additional 12 shares in the last quarter. Assetmark Inc. increased its position in American Express by 0.9% in the second quarter. Assetmark Inc. now owns 3,217 shares of the payment services company’s stock worth $195,000 after buying an additional 29 shares in the last quarter. Associated Banc Corp increased its position in American Express by 0.5% in the first quarter. Associated Banc Corp now owns 7,647 shares of the payment services company’s stock worth $470,000 after buying an additional 41 shares in the last quarter. Institutional & Family Asset Management LLC increased its position in American Express by 1.1% in the second quarter. Institutional & Family Asset Management LLC now owns 4,114 shares of the payment services company’s stock worth $250,000 after buying an additional 44 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. increased its position in American Express by 0.7% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 6,809 shares of the payment services company’s stock worth $436,000 after buying an additional 45 shares in the last quarter. Institutional investors own 82.17% of the company’s stock.

American Express Company Profile

American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

5 Day Chart for NYSE:AXP

Receive News & Stock Ratings for American Express Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express Co. and related stocks with our FREE daily email newsletter.