American Express (NYSE:AXP) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

Shares of American Express Company (NYSE:AXP – Get Free Report) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $317.76 and traded as high as $318.81. American Express shares last traded at $318.3760, with a volume of 2,146,266 shares.

American Express News Roundup

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. BTIG Research decreased their price target on American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a research note on Monday, September 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $330.00 price objective on shares of American Express in a research note on Friday, October 23rd. The Goldman Sachs Group boosted their price objective on American Express from $400.00 to $410.00 and gave the company a “buy” rating in a report on Monday, July 6th. Truist Financial decreased their target price on American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Finally, Royal Bank Of Canada lowered their target price on American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $365.19.

Check Out Our Latest Analysis on American Express

American Express Stock Up 1.7%

The stock has a market cap of $215.00 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.08. The firm has a fifty day moving average of $317.76 and a 200 day moving average of $326.90. The company has a quick ratio of 1.54, a current ratio of 1.65 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP – Get Free Report) last released its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, beating analysts’ consensus estimates of $4.50 by $0.18. The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, equities research analysts anticipate that American Express Company will post 17.73 EPS for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s payout ratio is currently 21.40%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Riverbend Wealth Management LLC increased its position in shares of American Express by 0.8% during the third quarter. Riverbend Wealth Management LLC now owns 4,534 shares of the payment services company’s stock worth $1,379,000 after purchasing an additional 34 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in shares of American Express by 1.9% in the 1st quarter. Valmark Advisers Inc. now owns 1,878 shares of the payment services company’s stock valued at $568,000 after purchasing an additional 35 shares during the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of American Express by 58.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after purchasing an additional 35 shares during the period. Consilium Wealth Advisory LLC boosted its position in shares of American Express by 4.6% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 793 shares of the payment services company’s stock valued at $241,000 after purchasing an additional 35 shares during the period. Finally, Gryphon Financial Partners LLC boosted its position in shares of American Express by 1.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 2,489 shares of the payment services company’s stock valued at $753,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Company Profile

(Get Free Report)

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.

Further Reading

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