American Express (NYSE:AXP) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.
Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods boosted their target price on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday. HSBC upped their price objective on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research report on Friday, January 24th. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Finally, Evercore ISI lifted their price objective on shares of American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and an average price target of $291.50.
American Express Stock Up 0.3 %
American Express (NYSE:AXP – Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. On average, equities research analysts anticipate that American Express will post 13.4 EPS for the current fiscal year.
Insider Buying and Selling at American Express
In other news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.12% of the stock is owned by insiders.
Institutional Investors Weigh In On American Express
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors LLC increased its holdings in shares of American Express by 430.6% during the third quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock valued at $1,292,000 after acquiring an additional 3,867 shares in the last quarter. XML Financial LLC grew its position in American Express by 9.8% during the 3rd quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock worth $306,000 after purchasing an additional 101 shares during the last quarter. LVM Capital Management Ltd. MI increased its stake in American Express by 3.1% during the 4th quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock valued at $25,626,000 after purchasing an additional 2,557 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of American Express by 12.7% in the fourth quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock worth $655,137,000 after buying an additional 247,864 shares during the last quarter. Finally, Founders Grove Wealth Partners LLC acquired a new stake in shares of American Express during the fourth quarter worth $298,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.
About American Express
American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.
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