American Express (NYSE:AXP) Price Target Raised to $360.00

American Express (NYSE:AXP) had its price objective raised by equities research analysts at Keefe, Bruyette & Woods from $350.00 to $360.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the payment services company’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 12.19% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Barclays lifted their target price on shares of American Express from $250.00 to $257.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Morgan Stanley increased their target price on American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Monday. Compass Point increased their price objective on shares of American Express from $315.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Truist Financial began coverage on American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective on the stock. Finally, UBS Group boosted their price objective on American Express from $283.00 to $320.00 and gave the stock a “neutral” rating in a research note on Monday, January 13th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, American Express has an average rating of “Hold” and an average target price of $282.82.

American Express Trading Down 1.5 %

Shares of AXP stock opened at $320.87 on Monday. The firm has a market cap of $226.04 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. The business has a 50-day moving average price of $302.35 and a two-hundred day moving average price of $275.17. American Express has a 12-month low of $186.43 and a 12-month high of $326.27. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. Equities analysts anticipate that American Express will post 13.4 EPS for the current fiscal year.

Insider Buying and Selling at American Express

In related news, CFO Caillec Christophe Le sold 6,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of American Express stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. This represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AXP. World Investment Advisors LLC lifted its position in American Express by 430.6% in 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 purchasing an additional 3,867 shares during the period. XML Financial LLC grew its holdings in American Express by 9.8% during the third quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock worth $306,000 after acquiring an additional 101 shares during the period. LVM Capital Management Ltd. MI raised its position in American Express by 3.1% in the fourth quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock worth $25,626,000 after acquiring an additional 2,557 shares in the last quarter. Nordea Investment Management AB lifted its holdings in 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 valued at $655,137,000 after acquiring an additional 247,864 shares during the period. Finally, Founders Grove Wealth Partners LLC acquired a new position in shares of American Express during the 4th quarter worth $298,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

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.