Barclays Boosts American Express (AXP) Price Target to $113.00

American Express (NYSE:AXP) had its price target hoisted by Barclays from $112.00 to $113.00 in a report issued on Thursday. They currently have an equal weight rating on the payment services company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Guggenheim reaffirmed a hold rating and issued a $104.00 price target on shares of American Express in a report on Thursday. Zacks Investment Research raised shares of American Express from a hold rating to a buy rating and set a $113.00 price target on the stock in a report on Thursday, January 11th. Morgan Stanley lifted their price target on shares of American Express from $108.00 to $109.00 and gave the stock an equal weight rating in a report on Friday, February 2nd. Buckingham Research lifted their price target on shares of American Express from $110.00 to $111.00 and gave the stock a neutral rating in a report on Thursday. Finally, Oppenheimer set a $117.00 price objective on shares of American Express and gave the company a buy rating in a research note on Tuesday, March 13th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $106.90.

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NYSE:AXP opened at $100.79 on Thursday. The company has a current ratio of 2.57, a quick ratio of 1.93 and a debt-to-equity ratio of 2.60. The company has a market capitalization of $86,707.52, a P/E ratio of 17.17, a P/E/G ratio of 1.36 and a beta of 1.14. American Express has a 12 month low of $75.97 and a 12 month high of $102.96.

American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, April 18th. The payment services company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.15. The company had revenue of $9.72 billion for the quarter, compared to analysts’ expectations of $9.49 billion. American Express had a net margin of 8.79% and a return on equity of 28.27%. American Express’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 EPS. sell-side analysts expect that American Express will post 7.22 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 6th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.39%. American Express’s dividend payout ratio (DPR) is currently 23.85%.

In other news, insider James Peter Bush sold 13,356 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total transaction of $1,317,569.40. Following the completion of the transaction, the insider now directly owns 100,790 shares in the company, valued at approximately $9,942,933.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AXP. Cobblestone Capital Advisors LLC NY grew its position in shares of American Express by 3.2% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 96,290 shares of the payment services company’s stock valued at $8,710,000 after purchasing an additional 2,995 shares in the last quarter. New York State Common Retirement Fund grew its position in American Express by 1.5% in the third quarter. New York State Common Retirement Fund now owns 2,100,370 shares of the payment services company’s stock worth $189,999,000 after acquiring an additional 31,500 shares in the last quarter. CI Investments Inc. purchased a new position in American Express in the third quarter worth $24,364,000. Toronto Dominion Bank grew its position in American Express by 8.5% in the third quarter. Toronto Dominion Bank now owns 317,218 shares of the payment services company’s stock worth $28,700,000 after acquiring an additional 24,932 shares in the last quarter. Finally, Stanley Capital Management LLC grew its position in American Express by 17.5% in the third quarter. Stanley Capital Management LLC now owns 70,430 shares of the payment services company’s stock worth $6,371,000 after acquiring an additional 10,500 shares in the last quarter. Hedge funds and other institutional investors own 84.11% 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.

Analyst Recommendations for American Express (NYSE:AXP)

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