JPMorgan Chase & Co. cut shares of American Express (NYSE:AXP) from an overweight rating to a neutral rating in a research report released on Friday morning, Marketbeat.com reports. The brokerage currently has $90.00 target price on the payment services company’s stock.

Several other equities analysts also recently commented on the stock. Bank of America set a $128.00 price objective on shares of American Express and gave the company a buy rating in a research note on Monday, December 18th. Credit Suisse Group reaffirmed a sell rating and set a $79.00 price objective on shares of American Express in a research note on Wednesday, October 4th. Atlantic Securities raised shares of American Express from an underweight rating to a neutral rating and set a $100.00 price objective for the company in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $116.00 price objective on shares of American Express in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised shares of American Express from a hold rating to a buy rating and set a $107.00 price objective for the company in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company. American Express has an average rating of Hold and an average target price of $98.96.

American Express (NYSE AXP) opened at $100.97 on Friday. The company has a market cap of $87,641.58, a PE ratio of 19.45, a PEG ratio of 1.46 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. American Express has a one year low of $75.39 and a one year high of $101.65.

American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.47 by $0.03. The firm had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 earnings per share. sell-side analysts predict that American Express will post 5.85 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, January 4th. American Express’s dividend payout ratio (DPR) is presently 26.97%.

In other news, insider Ashwini Gupta sold 90,658 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $94.71, for a total transaction of $8,586,219.18. Following the sale, the insider now owns 289,996 shares in the company, valued at $27,465,521.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Linda Zukauckas sold 3,196 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $95.42, for a total transaction of $304,962.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 442,869 shares of company stock worth $42,823,869. Corporate insiders own 0.67% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Appleton Partners Inc. MA grew its holdings in shares of American Express by 0.3% during the second quarter. Appleton Partners Inc. MA now owns 2,658 shares of the payment services company’s stock valued at $224,000 after buying an additional 8 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of American Express by 0.5% during the second quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock valued at $129,000 after buying an additional 8 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in shares of American Express by 0.4% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,652 shares of the payment services company’s stock valued at $223,000 after buying an additional 11 shares during the last quarter. Dearborn Partners LLC grew its holdings in shares of American Express by 0.6% during the second quarter. Dearborn Partners LLC now owns 2,861 shares of the payment services company’s stock valued at $241,000 after buying an additional 18 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in American Express by 0.4% during the second quarter. Advisory Services Network LLC now owns 5,635 shares of the payment services company’s stock valued at $475,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 83.36% of the company’s stock.

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American Express Company Profile

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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