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

American Express (NYSE:AXP) had its price target cut by analysts at Bank of America from $326.00 to $325.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the payment services company’s stock. Bank of America‘s price target would suggest a potential upside of 20.08% from the company’s current price.

AXP has been the subject of a number of other research reports. StockNews.com lowered American Express from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Evercore ISI increased their price objective on American Express from $315.00 to $344.00 and gave the stock an “in-line” rating in a research note on Monday, January 27th. HSBC lifted their target price on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Morgan Stanley increased their price target on shares of American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Monday, January 27th. Finally, BTIG Research upped their price objective on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $303.52.

American Express Stock Up 3.0 %

AXP stock opened at $270.66 on Tuesday. The firm’s 50-day moving average is $299.41 and its two-hundred day moving average is $288.35. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $190.15 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21. American Express has a 52 week low of $214.51 and a 52 week high of $326.28.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. On average, analysts forecast that American Express will post 15.33 earnings per share for the current fiscal year.

Insider Activity at American Express

In other news, Director Michael J. Angelakis bought 3,700 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $269.89 per share, for a total transaction of $998,593.00. Following the transaction, the director now directly owns 3,700 shares of the company’s stock, valued at $998,593. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 13,500 shares of the company’s stock, valued at $4,308,795. This represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Express

Hedge funds and other institutional investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new position in shares of American Express in the 4th quarter worth $832,000. World Investment Advisors LLC raised its holdings in American Express by 430.6% in the third quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock worth $1,292,000 after purchasing an additional 3,867 shares during the period. Keybank National Association OH grew its holdings in shares of American Express by 3.7% in the 4th quarter. Keybank National Association OH now owns 349,937 shares of the payment services company’s stock valued at $103,858,000 after buying an additional 12,364 shares during the period. LVM Capital Management Ltd. MI increased its position in shares of American Express by 3.1% in the 4th quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock valued at $25,626,000 after buying an additional 2,557 shares in the last quarter. Finally, Edge Capital Group LLC raised its stake in American Express by 20.9% during the 4th quarter. Edge Capital Group LLC now owns 6,451 shares of the payment services company’s stock worth $1,915,000 after buying an additional 1,113 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

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.