Oppenheimer Holdings Inc. Reaffirms Buy Rating for American Express Company (AXP)

Oppenheimer Holdings Inc. reissued their buy rating on shares of American Express Company (NYSE:AXP) in a research note issued to investors on Wednesday morning.

AXP has been the topic of several other reports. Vetr raised shares of American Express Company from a strong sell rating to a sell rating and set a $57.00 price target on the stock in a research note on Tuesday, October 18th. Zacks Investment Research cut shares of American Express Company from a buy rating to a hold rating in a research note on Friday, November 25th. J P Morgan Chase & Co raised shares of American Express Company from a neutral rating to an overweight rating and increased their price target for the company from $76.00 to $90.00 in a research note on Tuesday, January 17th. Keefe, Bruyette & Woods raised shares of American Express Company from a market perform rating to an outperform rating and increased their price target for the company from $81.00 to $91.00 in a research note on Monday, January 30th. Finally, Stephens initiated coverage on shares of American Express Company in a research note on Friday, November 18th. They set an underweight rating and a $71.78 price target on the stock. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $75.52.

Analyst Recommendations for American Express Company (NYSE:AXP)

Shares of American Express Company (NYSE:AXP) opened at 78.48 on Wednesday. The firm’s 50-day moving average is $76.47 and its 200 day moving average is $69.23. The firm has a market capitalization of $70.95 billion, a P/E ratio of 13.89 and a beta of 1.19. American Express Company has a 52 week low of $52.73 and a 52 week high of $78.69.

American Express Company (NYSE:AXP) last released its quarterly earnings results on Thursday, January 19th. The payment services company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by $0.07. American Express Company had a net margin of 16.63% and a return on equity of 33.49%. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.92 billion. During the same period last year, the company earned $1.23 earnings per share. American Express Company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities research analysts forecast that American Express Company will post $5.66 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, February 10th. Stockholders of record on Friday, January 6th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Wednesday, January 4th. American Express Company’s dividend payout ratio (DPR) is presently 22.74%.

In other news, insider L Kevin Cox sold 54,574 shares of American Express Company stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $78.00, for a total value of $4,256,772.00. Following the completion of the transaction, the insider now owns 30,090 shares of the company’s stock, valued at approximately $2,347,020. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 217,208 shares of company stock valued at $16,639,162. Insiders own 0.78% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Elkfork Partners LLC bought a new stake in shares of American Express Company during the fourth quarter valued at approximately $2,056,000. Cypress Capital Management LLC bought a new stake in shares of American Express Company during the fourth quarter valued at approximately $219,000. Frontier Wealth Management LLC increased its stake in shares of American Express Company by 31.6% in the fourth quarter. Frontier Wealth Management LLC now owns 16,645 shares of the payment services company’s stock valued at $1,233,000 after buying an additional 4,000 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in shares of American Express Company by 58.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 133,368 shares of the payment services company’s stock valued at $9,880,000 after buying an additional 49,090 shares during the last quarter. Finally, LVW Advisors LLC increased its stake in shares of American Express Company by 1.0% in the fourth quarter. LVW Advisors LLC now owns 3,929 shares of the payment services company’s stock valued at $291,000 after buying an additional 38 shares during the last quarter. 81.71% of the stock is owned by institutional investors and hedge funds.

American Express Company Company Profile

American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

5 Day Chart for NYSE:AXP

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