American Express (NYSE:AXP) Stock Price Expected to Rise, Citigroup Analyst Says

American Express (NYSE:AXP) had its price target boosted by equities research analysts at Citigroup from $305.00 to $320.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the payment services company’s stock. Citigroup’s price objective would suggest a potential upside of 1.54% from the company’s previous close.

Several other brokerages have also issued reports on AXP. StockNews.com lowered shares of American Express from a “buy” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods increased their price target on American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday. Hsbc Global Res cut American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. UBS Group increased their target price on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Finally, Truist Financial started coverage on shares of American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target on the stock. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $294.95.

View Our Latest Analysis on AXP

American Express Trading Down 0.6 %

NYSE:AXP opened at $315.14 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a 1-year low of $199.88 and a 1-year high of $326.27. The firm has a market capitalization of $222.00 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.51 and a beta of 1.23. The business’s 50-day moving average price is $303.60 and its two-hundred day moving average price is $276.27.

American Express (NYSE:AXPGet Free Report) last announced its quarterly earnings results 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 analysts expect that American Express will post 13.4 earnings per share for the current year.

Insider Buying and Selling at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the sale, the chief financial officer now owns 6,433 shares in the company, valued at $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its position in American Express by 26,783.5% during the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after purchasing an additional 906,353 shares during the period. FMR LLC lifted its stake in shares of American Express by 8.5% during the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after buying an additional 866,110 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of American Express by 59,816.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after buying an additional 681,304 shares during the period. World Investment Advisors LLC grew its stake in American Express by 35,213.7% in the 3rd quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock valued at $86,002,000 after buying an additional 316,219 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in American Express by 73.7% in the 3rd quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock valued at $191,842,000 after acquiring an additional 300,138 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

About American Express

(Get Free Report)

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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