(NYSE:AXP) from a hold rating to a sell rating in a research note released on Monday morning. The firm owned 3,400 shares of the payment services company's stock at the end of the second quarter.
A number of Wall Street analysts recently commented on the stock. Nuveen Asset Management LLC now owns 380,559 shares of the payment services company's stock worth $23,366,000 after buying an additional 80,117 shares during the last quarter. Jefferies Group reissued a "hold" rating and set a $60.00 price objective on shares of American Express in a report on Saturday, October 22nd.
Out of 26 analysts covering American Express Company (NYSE:AXP), 5 rate it a "Buy", 7 "Sell", while 14 "Hold". The company has a market cap of $61.32B. The stock of American Express Company (NYSE:AXP) earned "Neutral" rating by Goldman Sachs on Wednesday, January 13.
Analysts on average are expecting revenue target $7,703.08M for next quarter (Quarter Ending Mar-17).
American Express Company (NYSE:AXP) moved up 2.49% and closed its last trading session at $68.74. The Hedge Fund company now holds 2,038,200 shares of AXP which is valued at $135,377,244.
The stock price of firm is moving up from its 20 days moving average with 6.27% and remote isolated positively from 50 days moving average with 7.08%.
Currently, the stock carries a price to earnings ratio of 11.86, a price to book ratio of 2.93, and a price to sales ratio of 1.86.
The stock volatility for week was 1.61% while for month was 1.60%.The stock, as of last close, traded 38.79% to its 52 week low and was changed -5.64% from its 52 week high.
For the quarter, the forecasted EPS stands at $0.98 for American Express Company (NYSE:AXP). American Express had a return on equity of 27.84% and a net margin of 16.67%. For the current estimate trends of EPS, pool recommendation was $0.98 and for one month was $0.97. During the same period a year ago, the business earned $1.24 EPS. The company's quarterly revenue was down 5.1% on a year-over-year basis. Peapack Gladstone Financial Corp has 0% invested in the company for 15,283 shares. The ex-dividend date is Wednesday, October 5th. This represents a $1.28 annualized dividend and a yield of 1.91%. This is a boost from American Express's previous quarterly dividend of $0.29.
10/20/2016 - American Express Company was upgraded to "neutral" by analysts at Bank of America Merrill Lynch.
In related news, insider Ashwini Gupta sold 140,808 shares of the stock in a transaction that occurred on Friday, October 21st. 19 analysts have suggested the company is a "Hold". The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
More important recent American Express Company (NYSE:AXP) news were published by: Fool.com which released: "Better Buy: Visa vs". Blume Capital Management Inc. now owns 1,733 shares of the payment services company's stock valued at $105,000 after buying an additional 233 shares during the last quarter.
08/08/2016 - American Express Company had its "buy" rating reiterated by analysts at Citigroup. American Express Company makes up approx 5.43% of Focused Investors's portfolio.Centurylink Investment Management Co reduced its stake in AXP by selling 1,007 shares or 2.85% in the most recent quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of American Express during the second quarter valued at about $112,000. Finally, Adage Capital Partners GP L.L.C. raised its stake in American Express by 421.4% in the first quarter.
According to Zacks Investment Research, "American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and worldwide banking services throughout the world". The Companys United States banking subsidiaries Centurion Bank and AEBFSB issue a range of Card products and services.