American Express (NYSE:AXP) Sets New 12-Month High at $272.41

American Express (NYSE:AXP)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $272.41 and last traded at $270.77, with a volume of 137727 shares changing hands. The stock had previously closed at $268.99.

Analyst Ratings Changes

Several brokerages recently commented on AXP. Compass Point began coverage on shares of American Express in a report on Tuesday, July 16th. They issued a “neutral” rating and a $260.00 price target for the company. BTIG Research started coverage on American Express in a research note on Friday, June 7th. They set a “neutral” rating for the company. William Blair reissued an “outperform” rating on shares of American Express in a research note on Monday, June 3rd. Wells Fargo & Company boosted their price target on shares of American Express from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada raised their target price on shares of American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, American Express has an average rating of “Hold” and an average target price of $230.78.

American Express Stock Down 0.0 %

The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $193.45 billion, a PE ratio of 22.16, a PEG ratio of 1.42 and a beta of 1.21. The stock has a fifty day moving average price of $249.10 and a 200-day moving average price of $237.24.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.23. The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.60 billion. American Express had a net margin of 15.53% and a return on equity of 32.94%. American Express’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.89 earnings per share. Research analysts expect that American Express will post 13.12 EPS for the current year.

Institutional Investors Weigh In On American Express

A number of institutional investors have recently added to or reduced their stakes in AXP. Scarborough Advisors LLC acquired a new stake in shares of American Express during the 4th quarter valued at $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in American Express during the 4th quarter worth approximately $29,000. Game Plan Financial Advisors LLC raised its position in American Express by 62.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock worth $30,000 after purchasing an additional 50 shares during the last quarter. Creekmur Asset Management LLC bought a new position in American Express in the fourth quarter valued at about $32,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of American Express during the fourth quarter worth about $37,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

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.