Headlines about American Express (NYSE:AXP) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Express earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the payment services company an impact score of 44.4594288508641 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Stock market closes lower as tech, financials weigh (marketwatch.com)
- Intraday Update: Dow Drops 75 Points as Policy Gets Made on the Fly (finance.yahoo.com)
- American Express Company Elects Christopher D. Young to Board of Directors (finance.yahoo.com)
- American Express (AXP) Declares Quarterly Dividend of $0.35 (americanbankingnews.com)
- Selling Altaba, Apple, Walgreens, Buying Goldman American Express (msn.com)
AXP has been the subject of several research reports. Barclays raised their target price on American Express from $112.00 to $119.00 in a research report on Friday, January 19th. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Thursday, January 11th. Instinet initiated coverage on American Express in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $110.00 target price for the company. Deutsche Bank initiated coverage on American Express in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $118.00 target price for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $116.00 target price on shares of American Express in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $102.68.
American Express (NYSE:AXP) last announced its earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.04. American Express had a return on equity of 26.00% and a net margin of 8.08%. The company had revenue of $8.84 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same period last year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. analysts predict that American Express will post 7.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 6th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.47%. American Express’s dividend payout ratio (DPR) is presently 23.65%.
In other news, insider James Peter Bush sold 13,356 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the sale, the insider now directly owns 100,790 shares in the company, valued at $9,942,933.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kenneth I. Chenault sold 96,440 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $97.30, for a total value of $9,383,612.00. Following the completion of the sale, the chief executive officer now owns 1,178,333 shares of the company’s stock, valued at $114,651,800.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,585 shares of company stock valued at $11,973,047. 0.67% of the stock is currently owned by corporate insiders.
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American Express Company Profile
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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