The American Express Co. (AXP) to Release Quarterly Earnings on Wednesday

The American Express Co. (AXP) to Release Quarterly Earnings on Wednesday

American Express Co. (NYSE:AXP) will release its Q316 earnings data on Wednesday, October 19th. Analysts expect American Express to post earnings of $0.96 per share and revenue of $7.70 billion for the quarter.

Shares of American Express Co. (NYSE:AXP) opened at 59.90 on Tuesday. The company has a market cap of $55.33 billion, a price-to-earnings ratio of 10.60 and a beta of 1.24. American Express Co. has a 12-month low of $50.27 and a 12-month high of $77.61. The company’s 50-day moving average is $63.73 and its 200-day moving average is $63.64.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, October 7th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.14%. This is an increase from American Express’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, October 5th. American Express’s dividend payout ratio is 22.54%.

Several analysts recently commented on AXP shares. Vetr raised shares of American Express from a “buy” rating to a “strong-buy” rating and set a $67.47 price objective on the stock in a research report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of American Express in a report on Thursday, June 30th. Credit Suisse Group AG reaffirmed an “underperform” rating on shares of American Express in a report on Tuesday, July 5th. DA Davidson reaffirmed a “neutral” rating and set a $66.00 price target on shares of American Express in a report on Friday, July 8th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating and set a $65.00 price target on shares of American Express in a report on Sunday, July 10th. Nine investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $67.88.

Hedge funds have recently modified their holdings of the stock. Mycio Wealth Partners LLC raised its stake in shares of American Express by 4.1% in the second quarter. Mycio Wealth Partners LLC now owns 1,638 shares of the payment services company’s stock worth $100,000 after buying an additional 65 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in American Express by 2.3% in the second quarter. Segall Bryant & Hamill LLC now owns 3,701 shares of the payment services company’s stock valued at $225,000 after buying an additional 84 shares during the last quarter. Blume Capital Management Inc. increased its stake in American Express by 15.5% in the second quarter. Blume Capital Management Inc. now owns 1,733 shares of the payment services company’s stock valued at $105,000 after buying an additional 233 shares during the last quarter. Azimuth Capital Management LLC increased its stake in American Express by 2.0% in the second quarter. Azimuth Capital Management LLC now owns 14,015 shares of the payment services company’s stock valued at $852,000 after buying an additional 270 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in American Express by 2.1% in the second quarter. Ameritas Investment Partners Inc. now owns 16,526 shares of the payment services company’s stock valued at $1,004,000 after buying an additional 332 shares during the last quarter. 82.03% of the stock is owned by hedge funds and other institutional investors.

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