American Express Co. (NYSE:AXP) declared a quarterly dividend on Tuesday, November 22nd. Investors of record on Friday, January 6th will be given a dividend of 0.32 per share by the payment services company on Friday, February 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.78%.

American Express (NYSE:AXP) opened at 71.72 on Wednesday. The company has a 50 day moving average of $66.12 and a 200-day moving average of $64.51. American Express has a 52-week low of $50.27 and a 52-week high of $72.68. The stock has a market capitalization of $65.64 billion, a P/E ratio of 12.74 and a beta of 1.19.

American Express (NYSE:AXP) last released its earnings results on Wednesday, October 19th. The payment services company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.28. American Express had a net margin of 16.67% and a return on equity of 27.84%. The firm earned $7.80 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. American Express’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts anticipate that American Express will post $5.73 EPS for the current year.

Dividend History for American Express (NYSE:AXP)

In other American Express news, insider Susan Sobbott sold 19,186 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $70.45, for a total transaction of $1,351,653.70. Following the completion of the sale, the insider now directly owns 56,870 shares of the company’s stock, valued at $4,006,491.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ashwini Gupta sold 140,808 shares of the company’s stock in a transaction dated Friday, October 21st. The shares were sold at an average price of $67.18, for a total transaction of $9,459,481.44. Following the sale, the insider now directly owns 239,718 shares of the company’s stock, valued at $16,104,255.24. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of AXP. Quantitative Systematic Strategies LLC purchased a new stake in American Express during the third quarter worth approximately $350,000. Ameritas Investment Partners Inc. raised its stake in American Express by 15.4% in the third quarter. Ameritas Investment Partners Inc. now owns 19,077 shares of the payment services company’s stock worth $1,221,000 after buying an additional 2,551 shares in the last quarter. Mackenzie Financial Corp raised its stake in American Express by 1.3% in the third quarter. Mackenzie Financial Corp now owns 6,839 shares of the payment services company’s stock worth $438,000 after buying an additional 91 shares in the last quarter. Gotham Asset Management LLC raised its stake in American Express by 32.7% in the third quarter. Gotham Asset Management LLC now owns 5,268 shares of the payment services company’s stock worth $337,000 after buying an additional 1,299 shares in the last quarter. Finally, Arvest Bank Trust Division raised its stake in American Express by 0.4% in the second quarter. Arvest Bank Trust Division now owns 208,646 shares of the payment services company’s stock worth $12,678,000 after buying an additional 817 shares in the last quarter. 82.13% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on AXP shares. Citigroup Inc. reiterated a “buy” rating on shares of American Express in a research note on Wednesday, August 10th. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, October 24th. TheStreet upgraded shares of American Express from a “hold” rating to a “buy” rating in a research note on Tuesday, November 15th. Jefferies Group reiterated a “hold” rating and set a $60.00 price objective on shares of American Express in a research note on Saturday, October 22nd. Finally, Barclays PLC set a $63.00 price objective on shares of American Express and gave the stock a “hold” rating in a research note on Thursday, October 20th. Eight analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $67.37.

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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

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