Somewhat Favorable Press Coverage Somewhat Unlikely to Impact American Express (AXP) Share Price

Media stories about American Express (NYSE:AXP) have been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Express earned a news impact score of 0.14 on Accern’s scale. Accern also gave media coverage about the payment services company an impact score of 41.9554923459658 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s analysis:

Shares of American Express (NYSE AXP) traded down $1.83 on Friday, hitting $98.03. The stock had a trading volume of 12,292,342 shares, compared to its average volume of 3,170,000. The firm has a market cap of $85,090.00, a P/E ratio of 18.92, a P/E/G ratio of 1.44 and a beta of 1.22. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31. American Express has a fifty-two week low of $75.39 and a fifty-two week high of $102.39.

American Express (NYSE:AXP) last announced its earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.54 by $0.04. The business had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $8.73 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. American Express’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. sell-side analysts anticipate that American Express will post 5.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, January 4th. American Express’s payout ratio is currently 27.03%.

Several equities analysts recently issued reports on the company. Barclays boosted their price target on American Express from $112.00 to $119.00 in a research note on Friday. Sandler O’Neill restated a “buy” rating on shares of American Express in a research note on Wednesday. Oppenheimer set a $117.00 price target on American Express and gave the company a “buy” rating in a research note on Friday. Piper Jaffray Companies reiterated a “hold” rating and issued a $126.00 price objective on shares of American Express in a research note on Thursday. Finally, Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $100.80.

In other news, EVP Linda Zukauckas sold 3,196 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $95.42, for a total value of $304,962.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Anre D. Williams sold 30,761 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $93.41, for a total value of $2,873,385.01. Following the completion of the transaction, the insider now directly owns 28,720 shares in the company, valued at $2,682,735.20. The disclosure for this sale can be found here. Insiders sold a total of 442,869 shares of company stock worth $42,823,869 over the last three months. 0.67% of the stock is owned by company insiders.

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American Express Company Profile

American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

Insider Buying and Selling by Quarter for American Express (NYSE:AXP)

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