Compass Point Cuts American Express (NYSE:AXP) Price Target to $309.00

American Express (NYSE:AXP) had its price target lowered by Compass Point from $325.00 to $309.00 in a research note published on Monday,Benzinga reports. The firm currently has a neutral rating on the payment services company’s stock.

Several other equities analysts also recently commented on the stock. Truist Financial initiated coverage on shares of American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price target for the company. JPMorgan Chase & Co. upped their price target on American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. UBS Group increased their price target on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Barclays boosted their price objective on American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company raised their target price on shares of American Express from $300.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, American Express has a consensus rating of “Hold” and an average price target of $294.95.

American Express Stock Down 0.6 %

Shares of AXP opened at $315.14 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The firm has a market cap of $222.00 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. The company’s 50-day moving average price is $303.60 and its 200 day moving average price is $276.27. American Express has a 12-month low of $199.88 and a 12-month high of $326.27.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. On average, sell-side analysts forecast that American Express will post 13.4 earnings per share for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.89%. American Express’s dividend payout ratio (DPR) is currently 20.60%.

Insider Buying and Selling

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Opal Wealth Advisors LLC lifted its holdings in American Express by 1.6% in the 4th quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company’s stock worth $636,000 after buying an additional 33 shares in the last quarter. Catalina Capital Group LLC increased its position in shares of American Express by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company’s stock worth $996,000 after acquiring an additional 34 shares during the last quarter. Auxier Asset Management lifted its stake in shares of American Express by 0.5% in the third quarter. Auxier Asset Management now owns 7,133 shares of the payment services company’s stock worth $1,934,000 after acquiring an additional 35 shares in the last quarter. Abel Hall LLC boosted its holdings in American Express by 3.6% in the third quarter. Abel Hall LLC now owns 1,011 shares of the payment services company’s stock valued at $274,000 after purchasing an additional 35 shares during the last quarter. Finally, Sunflower Bank N.A. grew its stake in American Express by 0.9% during the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company’s stock valued at $1,203,000 after purchasing an additional 35 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other 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.