American Express (NYSE:AXP) issued its earnings results on Thursday. The payment services company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.17, RTT News reports. American Express had a return on equity of 32.65% and a net margin of 15.36%. The business had revenue of $16.97 billion during the quarter, compared to analyst estimates of $17.04 billion. During the same quarter in the prior year, the firm earned $3.33 earnings per share. American Express updated its FY 2025 guidance to 15.000-15.500 EPS.
American Express Price Performance
Shares of NYSE AXP traded up $7.61 during midday trading on Tuesday, reaching $250.12. The stock had a trading volume of 1,021,176 shares, compared to its average volume of 2,866,412. The company has a market capitalization of $175.72 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16. American Express has a 12-month low of $220.43 and a 12-month high of $326.28. The stock has a 50-day moving average of $271.60 and a 200-day moving average of $287.61. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58.
American Express Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.82 per share. This is a boost from American Express's previous quarterly dividend of $0.70. The ex-dividend date is Friday, April 4th. This represents a $3.28 dividend on an annualized basis and a yield of 1.31%. American Express's dividend payout ratio (DPR) is presently 22.91%.
Insider Buying and Selling
In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the transaction, the insider now owns 13,500 shares in the company, valued at $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael J. Angelakis bought 3,700 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $269.89 per share, for a total transaction of $998,593.00. Following the completion of the transaction, the director now directly owns 3,700 shares of the company's stock, valued at $998,593. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by insiders.
Hedge Funds Weigh In On American Express
An institutional investor recently raised its position in American Express stock. Brighton Jones LLC grew its holdings in American Express (NYSE:AXP - Free Report) by 24.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,481 shares of the payment services company's stock after buying an additional 1,273 shares during the period. Brighton Jones LLC's holdings in American Express were worth $1,924,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 84.33% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Baird R W upgraded shares of American Express from a "strong sell" rating to a "hold" rating in a report on Friday, March 14th. Monness Crespi & Hardt boosted their price objective on shares of American Express from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Monday. Citigroup dropped their target price on shares of American Express from $320.00 to $300.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Compass Point reduced their price target on American Express from $325.00 to $309.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lifted their price objective on American Express from $350.00 to $360.00 and gave the stock an "outperform" rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $289.57.
Get Our Latest Stock Analysis on AXP
About American Express
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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.
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