Somewhat Favorable News Coverage Unlikely to Affect American Express (AXP) Share Price
News stories about American Express (NYSE:AXP) have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. American Express earned a news sentiment score of 0.92 on their scale. InfoTrie also gave press coverage about the payment services company an news buzz score of 3 out of 10, meaning that recent press coverage is unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected American Express’ ranking:
- American Express launches virtual cards for worker expenses (finextra.com)
- American Express October delinquency rate improves M/M (seekingalpha.com)
- Amex Rolls Out Digital Service For Remote Workers’ Business Expenses (pymnts.com)
- American Express launches virtual payments product (seekingalpha.com)
- American Express Launches American Express GoTM , a New Virtual Payments Offering to Streamline and Simplify Business Expenses for the Changing Workforce (finance.yahoo.com)
AXP stock traded up $1.83 during trading on Thursday, hitting $109.60. 3,742,605 shares of the stock traded hands, compared to its average volume of 3,579,425. American Express has a 1 year low of $87.54 and a 1 year high of $111.77. The company has a market capitalization of $90.97 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.06. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.88 and a current ratio of 1.88.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Friday, October 5th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.42%. This is an increase from American Express’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, October 4th. American Express’s dividend payout ratio is 26.58%.
Several brokerages have commented on AXP. Oppenheimer set a $114.00 price objective on shares of American Express and gave the stock a “buy” rating in a report on Monday, November 5th. Stephens set a $131.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Saturday, October 20th. BMO Capital Markets increased their price target on shares of American Express from $106.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday, October 19th. Bank of America set a $125.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Friday, October 19th. Finally, Morgan Stanley increased their price target on shares of American Express from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, October 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $112.70.
In related news, Chairman Stephen J. Squeri sold 12,500 shares of the stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $103.84, for a total transaction of $1,298,000.00. Following the sale, the chairman now directly owns 209,957 shares of the company’s stock, valued at approximately $21,801,934.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ventures Fund Vii L.P. Vivo acquired 20,142,123 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The shares were purchased at an average cost of $0.17 per share, for a total transaction of $3,424,160.91. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.
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About American Express
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
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