Brokerages Set American Express Company (NYSE:AXP) PT at $357.47

Shares of American Express Company (NYSE:AXP) have earned an average rating of “Hold” from the twenty-four ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $359.05.

A number of analysts have recently issued reports on AXP shares. Bank of America raised their target price on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Wells Fargo & Company cut their target price on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Evercore set a $345.00 target price on shares of American Express in a research note on Wednesday, April 29th. Finally, BTIG Research restated a “sell” rating and set a $285.00 target price on shares of American Express in a research note on Friday, April 24th.

Read Our Latest Stock Analysis on AXP

Institutional Trading of American Express

A number of hedge funds have recently modified their holdings of AXP. Norges Bank acquired a new stake in shares of American Express during the 4th quarter worth about $2,464,215,000. Capital World Investors increased its position in American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after acquiring an additional 2,393,340 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in American Express by 350.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,236,438 shares of the payment services company’s stock worth $373,998,000 after acquiring an additional 961,698 shares during the period. Ameriprise Financial Inc. increased its position in American Express by 27.0% during the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after acquiring an additional 845,283 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in American Express by 73.8% during the first quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company’s stock worth $438,975,000 after acquiring an additional 616,498 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $311.98 on Friday. The stock has a market cap of $212.87 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.27 and a beta of 1.08. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The company has a fifty day moving average price of $311.35 and a two-hundred day moving average price of $340.69. American Express has a one year low of $281.46 and a one year high of $387.49.

American Express (NYSE:AXPGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The firm had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts predict that American Express will post 17.59 EPS for the current year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 3rd were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio is 23.71%.

American Express News Summary

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.

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Analyst Recommendations for American Express (NYSE:AXP)

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