American Express (NYSE:AXP) Price Target Raised to $344.00 at Evercore ISI

American Express (NYSE:AXP) had its target price increased by Evercore ISI from $315.00 to $344.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an in-line rating on the payment services company’s stock.

Several other equities analysts have also recently issued reports on AXP. JPMorgan Chase & Co. boosted their price target on shares of American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Wells Fargo & Company increased their target price on American Express from $300.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Truist Financial assumed coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target on the stock. BTIG Research increased their price objective on American Express from $266.00 to $270.00 and gave the stock a “sell” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods upped their target price on shares of American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $294.95.

American Express Stock Down 0.6 %

Shares of NYSE:AXP opened at $315.14 on Monday. American Express has a 1 year low of $199.88 and a 1 year high of $326.27. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The stock’s 50-day moving average is $303.60 and its 200 day moving average is $276.27. The company has a market cap of $222.00 billion, a PE ratio of 23.19, a P/E/G ratio of 1.51 and a beta of 1.23.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS 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%. Sell-side analysts anticipate that American Express will post 13.4 EPS for the current year.

American Express Dividend Announcement

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

Insider Buying and Selling at American Express

In related news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.12% of the company’s stock.

Institutional Trading of American Express

Several hedge funds have recently made changes to their positions in the business. Prospera Private Wealth LLC bought a new stake in American Express during the third quarter worth approximately $27,000. Kennebec Savings Bank bought a new position in shares of American Express during the 3rd quarter valued at approximately $29,000. True Wealth Design LLC raised its holdings in American Express by 332.0% during the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after buying an additional 83 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in American Express during the 3rd quarter valued at $38,000. Finally, Financial Life Planners bought a new stake in American Express in the fourth quarter worth $38,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

About American Express

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.