Target Price Review & Stock Update on American Express Company (NYSE:AXP)

The fund acquired 34,983 shares of the payment services company's stock, valued at approximately $2,592,000.

AXP has been the subject of several analyst reports. Zacks Investment Research upgraded American Express Company from a hold rating to a buy rating and set a $82.00 price objective for the company in a research note on Thursday, November 24th. The Southern Company (NYSE:SO), at its latest closing price of $49.77, it has a price-to-book ratio of 2.02, compared to an industry average at 0.98. Keefe, Bruyette & Woods upgraded American Express Company from a "market perform" rating to an "outperform" rating and increased their target price for the company from $81.00 to $91.00 in a report on Monday, January 30th. Stephens initiated coverage on shares of American Express Company in a research report on Friday, November 18th. The share price has moved forward from its 20 days moving average, trading at a distance of 1.19% and stays 2.64% away from its 50 days moving average. The stock's market capitalization is 71.24B. The shares were sold at an average price of $78.01, for a total transaction of $6,007,238.06.

In related news, Director John Joseph Brennan acquired 4,000 shares of the firm's stock in a transaction dated Wednesday, February 22nd. Institutional investors and hedge funds own 80.59% of the company's stock. The disclosure for this purchase can be found here. Mr. Kenneth I. Chenault is one of the biggest insider owners in American Express Company (NYSE:AXP), according to U.S. Securities and Exchange Commission (SEC) filings. Morgan Stanley now owns 7,273,531 shares of the payment services company's stock worth $465,797,000 after buying an additional 350,719 shares during the period. This showed the surprise of -10.2% in the last quarter earnings. Transamerica Financial Advisors Inc. now owns 83,444 shares of the payment services company's stock worth $5,344,000 after buying an additional 7,446 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of American Express Company by 2.8% in the third quarter. Steinberg Global Asset Management increased its stake in American Express Company by 22.2% in the second quarter. Following the transaction, the Director is left with a stake of 4,000 shares, now valued at $318320. Brown Advisory Inc.'s holdings in American Express Company were worth $18,348,000 at the end of the most recent quarter. The correct version of this report can be viewed at https://www.com-unik.info/2017/03/09/massmutual-trust-co-fsb-adv-purchases-new-stake-in-american-express-company-axp.html.

For the Current Quarter, 27 analysts are projecting the mean EPS to be $1.42/share. If you are accessing this report on another publication, it was stolen and reposted in violation of United States & global copyright & trademark laws.

On Dec 16 American Express Company (NYSE:AXP) reported its EPS in the last quarter as $0.88/Share lagging the analyst estimate of $0.98/Share by the difference of $-0.1. The total volume of shares traded was 4433500 which puts the relative volume at 1.07 for the day. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.

American Express Company (NYSE:AXP) last announced its quarterly earnings data on Thursday, January 19th. The payment services company reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by $0.07. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.92 billion.

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. The firm's revenue was down 5.1% compared to the same quarter past year. A month ago, they told us to expect earnings of US$1.42 per share while three months ago their EPS consensus estimate was US$1.43.

Mastercard Incorporated has a consensus outperform rating from 35 Wall Street analysts, and the number of shares now sold short amount to at least 0.61% of shares outstanding.

01/20/2017 - American Express Company had its "neutral" rating reiterated by analysts at Goldman Sachs.

  • Zachary Reyes