American Express (NYSE:AXP) PT Raised to $225.00 at TD Cowen

American Express (NYSE:AXP) had its target price upped by investment analysts at TD Cowen from $221.00 to $225.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the payment services company’s stock. TD Cowen’s price target suggests a potential downside of 5.81% from the stock’s previous close.

AXP has been the subject of a number of other reports. Morgan Stanley raised their price target on American Express from $222.00 to $226.00 and gave the stock an “equal weight” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on American Express from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Monday. Oppenheimer restated an “outperform” rating on shares of American Express in a report on Friday, April 5th. Royal Bank of Canada boosted their target price on American Express from $250.00 to $253.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Evercore ISI boosted their target price on American Express from $229.00 to $243.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $208.24.

American Express Stock Up 2.5 %

AXP opened at $238.88 on Monday. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $239.42. The business has a 50-day moving average of $221.05 and a 200-day moving average of $190.19. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.73 and a quick ratio of 1.63. The company has a market capitalization of $172.92 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.32 and a beta of 1.23.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.36. American Express had a return on equity of 32.39% and a net margin of 14.50%. The company had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.79 billion. During the same period last year, the business earned $2.40 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts forecast that American Express will post 12.92 EPS for the current fiscal year.

Insider Activity

In other news, insider Laureen Seeger sold 84,420 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $212.98, for a total transaction of $17,979,771.60. Following the sale, the insider now directly owns 57,512 shares in the company, valued at $12,248,905.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other American Express news, CEO Stephen J. Squeri sold 69,356 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $213.02, for a total value of $14,774,215.12. Following the sale, the chief executive officer now directly owns 122,158 shares in the company, valued at $26,022,097.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laureen Seeger sold 84,420 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $212.98, for a total value of $17,979,771.60. Following the completion of the sale, the insider now owns 57,512 shares in the company, valued at $12,248,905.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 172,047 shares of company stock worth $36,528,388. Company insiders own 0.11% of the company’s stock.

Institutional Trading of American Express

A number of large investors have recently bought and sold shares of the stock. Bell Bank bought a new stake in shares of American Express during the first quarter worth $758,000. BSW Wealth Partners grew its holdings in shares of American Express by 8.3% during the first quarter. BSW Wealth Partners now owns 3,556 shares of the payment services company’s stock worth $810,000 after purchasing an additional 273 shares during the last quarter. Milestone Asset Management LLC bought a new stake in shares of American Express during the first quarter worth $5,068,000. Global Retirement Partners LLC grew its holdings in shares of American Express by 4.4% during the first quarter. Global Retirement Partners LLC now owns 6,771 shares of the payment services company’s stock worth $1,542,000 after purchasing an additional 288 shares during the last quarter. Finally, PFG Private Wealth Management LLC grew its holdings in shares of American Express by 6.9% during the first quarter. PFG Private Wealth Management LLC now owns 940 shares of the payment services company’s stock worth $214,000 after purchasing an additional 61 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Company Profile

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.