American Express’ (AXP) Sell Rating Reiterated at BTIG Research

BTIG Research reiterated their sell rating on shares of American Express (NYSE:AXP) in a research note published on Monday,Benzinga reports. BTIG Research currently has a $328.00 price objective on the payment services company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen cut shares of American Express from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. UBS Group set a $385.00 price target on American Express in a research note on Monday, January 12th. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. TD Cowen reiterated a “hold” rating on shares of American Express in a report on Thursday, January 8th. Finally, Wolfe Research initiated coverage on American Express in a research note on Monday, December 8th. They issued a “peer perform” rating on the stock. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $353.05.

View Our Latest Research Report on American Express

American Express Trading Up 1.1%

Shares of AXP stock opened at $353.43 on Monday. American Express has a fifty-two week low of $220.43 and a fifty-two week high of $387.49. The stock’s fifty day moving average price is $368.85 and its two-hundred day moving average price is $344.68. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.66 and a current ratio of 1.68. The company has a market cap of $243.46 billion, a PE ratio of 22.96, a P/E/G ratio of 1.48 and a beta of 1.14.

American Express (NYSE:AXPGet Free Report) last announced its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.54 by ($0.01). American Express had a return on equity of 33.49% and a net margin of 15.00%.The business had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. During the same quarter in the prior year, the company earned $3.04 earnings per share. American Express’s quarterly revenue was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts predict that American Express will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, January 2nd. American Express’s dividend payout ratio is 21.31%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of American Express in the 2nd quarter worth $1,897,335,000. Laurel Wealth Advisors LLC raised its holdings in American Express by 31,595.9% during the second quarter. Laurel Wealth Advisors LLC now owns 1,742,009 shares of the payment services company’s stock worth $555,666,000 after buying an additional 1,736,513 shares during the last quarter. Geode Capital Management LLC raised its holdings in American Express by 11.1% during the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock worth $4,282,984,000 after buying an additional 1,349,746 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of American Express by 27.0% in the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after buying an additional 845,283 shares in the last quarter. Finally, Provident Trust Co. grew its holdings in shares of American Express by 136.6% during the second quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock valued at $353,740,000 after buying an additional 640,214 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express News Roundup

Here are the key news stories impacting American Express this week:

American Express Company Profile

(Get Free Report)

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.

Further Reading

Analyst Recommendations for American Express (NYSE:AXP)

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