American Express (NYSE:AXP) Price Target Lowered to $325.00 at Bank of America

American Express (NYSE:AXP) had its price objective lowered by research analysts at Bank of America from $326.00 to $325.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the payment services company’s stock. Bank of America‘s price objective would indicate a potential upside of 22.94% from the company’s current price.

Other analysts also recently issued reports about the stock. HSBC raised their price objective on shares of American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Truist Financial began coverage on shares of American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price for the company. Citigroup boosted their price target on shares of American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods raised their price objective on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $302.10.

American Express Trading Down 0.5 %

NYSE:AXP opened at $264.36 on Tuesday. American Express has a one year low of $214.51 and a one year high of $326.28. The business has a fifty day moving average price of $300.85 and a 200-day moving average price of $288.45. The firm has a market capitalization of $185.72 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Sell-side analysts forecast that American Express will post 15.33 EPS for the current year.

Insider Activity

In related news, Director Michael J. Angelakis bought 3,700 shares of American Express stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $269.89 per share, with a total value of $998,593.00. Following the completion of the transaction, the director now owns 3,700 shares in the company, valued at $998,593. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the sale, the insider now owns 13,500 shares of the company’s stock, valued at $4,308,795. The trade was a 41.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On American Express

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Prospera Private Wealth LLC purchased a new position in shares of American Express during the third quarter valued at $27,000. True Wealth Design LLC grew 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 worth $29,000 after acquiring an additional 83 shares in the last quarter. Investment Management Corp VA ADV purchased a new position in American Express during the 4th quarter valued at about $29,000. Sellwood Investment Partners LLC bought a new stake in shares of American Express in the 4th quarter valued at about $33,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of American Express in the 4th quarter worth approximately $33,000. 84.33% of the stock is owned by 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.