Wells Fargo & Co Raises American Express (NYSE:AXP) Price Target to $140.00

American Express (NYSE:AXP) had its price target upped by Wells Fargo & Co from $135.00 to $140.00 in a research report report published on Wednesday, The Fly reports. They currently have an outperform rating on the payment services company’s stock.

Other research analysts have also recently issued research reports about the stock. William Blair restated an outperform rating on shares of American Express in a research note on Tuesday, June 18th. UBS Group began coverage on shares of Molecular Templates in a research note on Monday, April 29th. They issued a buy rating and a $12.00 price target on the stock. Jefferies Financial Group reiterated a buy rating and issued a GBX 1,453 ($18.99) price target on shares of in a research note on Tuesday, June 18th. Deutsche Bank reiterated a buy rating and issued a $80.00 price target on shares of Bayerische Motoren Werke in a research note on Monday, July 8th. Finally, Royal Bank of Canada set a $60.00 price target on shares of Masonite International and gave the stock a buy rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $123.03.

AXP opened at $127.96 on Wednesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.88 and a current ratio of 1.88. American Express has a fifty-two week low of $89.05 and a fifty-two week high of $128.42. The company’s fifty day moving average price is $122.16. The stock has a market cap of $106.86 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.48 and a beta of 1.07.

American Express (NYSE:AXP) last released its earnings results on Thursday, April 18th. The payment services company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.01. American Express had a net margin of 16.60% and a return on equity of 29.86%. The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.46 billion. During the same quarter in the previous year, the company earned $1.86 EPS. American Express’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities research analysts anticipate that American Express will post 8.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.22%. American Express’s dividend payout ratio (DPR) is presently 21.28%.

In other news, Chairman Stephen J. Squeri sold 101,964 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $119.95, for a total value of $12,230,581.80. Following the sale, the chairman now directly owns 258,948 shares in the company, valued at approximately $31,060,812.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeffrey C. Campbell sold 6,500 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $122.93, for a total transaction of $799,045.00. Following the completion of the sale, the chief financial officer now owns 68,379 shares in the company, valued at $8,405,830.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,797 shares of company stock worth $21,861,060. Insiders own 0.21% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Camarda Financial Advisors LLC bought a new stake in shares of American Express in the 1st quarter worth about $26,000. Creative Financial Designs Inc. ADV bought a new position in American Express during the 1st quarter valued at about $28,000. Clarfeld Financial Advisors LLC bought a new position in American Express during the 4th quarter valued at about $31,000. HMS Capital Management LLC bought a new position in American Express during the 2nd quarter valued at about $37,000. Finally, PRW Wealth Management LLC bought a new position in American Express during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 83.60% of the company’s stock.

About American Express

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

See Also: How does a 12b-1 fee affect fund performance?

The Fly

Analyst Recommendations for American Express (NYSE:AXP)

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.