TheStreet lowered shares of American Express (NYSE:AXP) from a b+ rating to a c+ rating in a research report sent to investors on Thursday morning.

A number of other research firms have also recently commented on AXP. Zacks Investment Research cut shares of American Express from a buy rating to a hold rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. cut shares of American Express from an overweight rating to a neutral rating and set a $90.00 target price for the company. in a report on Friday, January 12th. Sandler O’Neill reiterated a buy rating on shares of American Express in a report on Wednesday, January 17th. Barclays set a $119.00 price objective on shares of American Express and gave the company an equal weight rating in a report on Thursday, January 11th. Finally, BMO Capital Markets reiterated a hold rating and issued a $103.00 price objective on shares of American Express in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $101.08.

American Express (NYSE AXP) traded down $0.08 during mid-day trading on Thursday, hitting $97.95. 3,910,618 shares of the stock were exchanged, compared to its average volume of 3,877,300. The company has a market capitalization of $85,010.00, a PE ratio of 32.76, a P/E/G ratio of 1.32 and a beta of 1.22. The company has a debt-to-equity ratio of 3.11, a current ratio of 2.37 and a quick ratio of 1.90. American Express has a 52-week low of $75.39 and a 52-week high of $102.39.

American Express (NYSE:AXP) last posted its earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.04. The firm had revenue of $8.84 billion during the quarter, compared to analysts’ expectations of $8.73 billion. American Express had a net margin of 8.08% and a return on equity of 26.07%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. sell-side analysts forecast that American Express will post 7.26 EPS for the current fiscal year.

The company also recently declared 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 annualized dividend and a yield of 1.43%. American Express’s payout ratio is 46.82%.

In other American Express news, insider Anre D. Williams sold 30,761 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the completion of the transaction, the insider now owns 28,720 shares in the company, valued at approximately $2,682,735.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James Peter Bush sold 12,789 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the transaction, the insider now owns 92,504 shares of the company’s stock, valued at approximately $9,199,522.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 442,869 shares of company stock valued at $42,823,869. Company insiders own 0.67% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. grew its position in shares of American Express by 0.5% during the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after buying an additional 8 shares during the period. Dearborn Partners LLC grew its position in shares of American Express by 0.6% during the 2nd quarter. Dearborn Partners LLC now owns 2,861 shares of the payment services company’s stock worth $241,000 after buying an additional 18 shares during the period. Advisory Services Network LLC grew its position in shares of American Express by 0.4% during the 2nd quarter. Advisory Services Network LLC now owns 5,635 shares of the payment services company’s stock worth $475,000 after buying an additional 25 shares during the period. Sigma Investment Counselors Inc. grew its position in shares of American Express by 1.2% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 3,490 shares of the payment services company’s stock worth $294,000 after buying an additional 40 shares during the period. Finally, Salem Investment Counselors Inc. grew its position in shares of American Express by 1.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 2,866 shares of the payment services company’s stock worth $241,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 83.45% of the company’s stock.

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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).

Analyst Recommendations for American Express (NYSE:AXP)

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