ValuEngine cut shares of American Express (NYSE:AXP) from a buy rating to a hold rating in a report issued on Friday morning.

Several other equities analysts have also recently commented on AXP. BidaskClub raised shares of American Express from a sell rating to a hold rating in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods set a $95.00 target price on shares of American Express and gave the stock a buy rating in a research report on Saturday, August 19th. Zacks Investment Research raised shares of American Express from a hold rating to a buy rating and set a $96.00 target price on the stock in a research report on Tuesday, August 29th. Morgan Stanley dropped their target price on shares of American Express from $90.00 to $89.00 and set an equal weight rating on the stock in a research report on Friday, September 8th. Finally, Buckingham Research initiated coverage on shares of American Express in a research report on Monday, October 2nd. They set a neutral rating and a $92.00 target price on the stock. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $91.56.

American Express (NYSE:AXP) opened at $98.59 on Friday. American Express has a 1 year low of $71.99 and a 1 year high of $99.17. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $84,942.11, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22.

American Express (NYSE:AXP) last posted its earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. American Express had a net margin of 14.48% and a return on equity of 22.73%. The firm had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.31 billion. During the same quarter last year, the firm earned $1.24 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. sell-side analysts forecast that American Express will post 5.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.42%. American Express’s payout ratio is 26.97%.

In other news, insider Susan Sobbott sold 6,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $84.39, for a total transaction of $506,340.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Peter Bush sold 13,548 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $97.60, for a total transaction of $1,322,284.80. Following the transaction, the insider now owns 90,052 shares of the company’s stock, valued at $8,789,075.20. The disclosure for this sale can be found here. Insiders have sold a total of 217,199 shares of company stock worth $20,484,750 in the last three months. Insiders own 0.67% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC grew its position in American Express by 0.3% in the second quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock worth $108,000 after acquiring an additional 4 shares in the last quarter. Appleton Partners Inc. MA grew its position in American Express by 0.3% in the second quarter. Appleton Partners Inc. MA now owns 2,658 shares of the payment services company’s stock worth $224,000 after acquiring an additional 8 shares in the last quarter. Westside Investment Management Inc. grew its position in American Express by 0.5% in the second quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after acquiring an additional 8 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its position in American Express by 0.4% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,652 shares of the payment services company’s stock worth $223,000 after acquiring an additional 11 shares in the last quarter. Finally, Bath Savings Trust Co grew its position in American Express by 0.3% in the second quarter. Bath Savings Trust Co now owns 4,388 shares of the payment services company’s stock worth $369,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 83.35% of the company’s stock.

TRADEMARK VIOLATION WARNING: “ValuEngine Lowers American Express (AXP) to Hold” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/12/05/valuengine-lowers-american-express-axp-to-hold.html.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for American Express (NYSE:AXP)

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