American Express (AXP) Downgraded by TheStreet to C+

TheStreet cut shares of American Express (NYSE:AXP) from a b+ rating to a c+ rating in a report released on Thursday morning.

AXP has been the subject of a number of other reports. Credit Suisse Group reaffirmed an underperform rating and set a $84.00 price objective (up from $79.00) on shares of American Express in a research note on Thursday, October 19th. Wells Fargo & Co reaffirmed an outperform rating and set a $115.00 price objective (up from $105.00) on shares of American Express in a research note on Tuesday, January 9th. ValuEngine lowered shares of American Express from a buy rating to a hold rating in a research note on Friday, December 1st. Bank of America reaffirmed a buy rating and set a $102.00 price objective on shares of American Express in a research note on Monday, October 9th. Finally, Morgan Stanley upped their price objective on shares of American Express from $89.00 to $97.00 and gave the company an equal weight rating in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $101.08.

American Express (NYSE AXP) traded up $0.29 during mid-day trading on Thursday, reaching $98.32. 4,610,000 shares of the company’s stock were exchanged, compared to its average volume of 3,460,000. The company has a quick ratio of 1.90, a current ratio of 2.37 and a debt-to-equity ratio of 3.11. American Express has a 52 week low of $75.39 and a 52 week high of $102.39. The stock has a market capitalization of $85,340.00, a price-to-earnings ratio of 32.88, a PEG ratio of 1.32 and a beta of 1.22.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.04. American Express had a net margin of 8.08% and a return on equity of 26.07%. The company had revenue of $8.84 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis. analysts forecast that American Express will post 7.26 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, January 4th. This represents a $1.40 annualized dividend and a yield of 1.42%. American Express’s dividend payout ratio (DPR) is presently 46.82%.

In other news, insider Susan Sobbott sold 5,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $94.34, for a total value of $518,870.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anre D. Williams sold 30,761 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total value of $2,873,385.01. Following the completion of the sale, the insider now directly owns 28,720 shares of the company’s stock, valued at $2,682,735.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 442,869 shares of company stock worth $42,823,869. Corporate insiders own 0.67% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AXP. Franklin Street Advisors Inc. NC boosted its position in shares of American Express by 0.5% in the second quarter. Franklin Street Advisors Inc. NC now owns 105,887 shares of the payment services company’s stock valued at $8,920,000 after acquiring an additional 495 shares during the period. Meeder Asset Management Inc. boosted its position in shares of American Express by 15,337.9% in the second quarter. Meeder Asset Management Inc. now owns 57,892 shares of the payment services company’s stock valued at $4,877,000 after acquiring an additional 57,517 shares during the period. Jacobs & Co. CA boosted its position in shares of American Express by 4.7% in the second quarter. Jacobs & Co. CA now owns 45,965 shares of the payment services company’s stock valued at $3,872,000 after acquiring an additional 2,080 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in shares of American Express by 5.2% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 5,077 shares of the payment services company’s stock valued at $428,000 after acquiring an additional 252 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of American Express by 500.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 124,789 shares of the payment services company’s stock valued at $10,512,000 after acquiring an additional 104,023 shares during the period. 83.45% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for American Express (NYSE:AXP)

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