American Express Company (AXP) Stock Is Charged and Ready to Go

Kinder Morgan missed on Q1 earnings

Several equities research analysts have commented on AXP shares. The 52-week range of the share price is from $57.15 - $82.00.

Plenty of analysts remain cautious on the stock in part due to the company's end of the relationship with wholesale retailer Costco Wholesale Corporation (NASDAQ:COST), which converted to Visa Inc (NYSE:V). Spinnaker Trust boosted its position in American Express Company by 5.6% in the second quarter. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Moreover, Ellington Management Group Llc has 2.47% invested in the company for 1.04 million shares.

If we look at the Volatility of the company, Week Volatility is 1.30%, whereas Month Volatility is at 1.35%. If the $85.86 price target is reached, the company will be worth $5.71 billion more.

American Express Company, together with its subsidiaries, is a global services company. The stock has a 50 day moving average price of $76.96 and a 200-day moving average price of $69.66. The company has a market capitalization of $71.88 billion, a P/E ratio of 14.07 and a beta of 1.19. Barclays PLC set a $83.00 price target on American Express Company and gave the stock a "hold" rating in a research report on Sunday, January 8th. American Express Company also was the recipient of some unusual options trading on Wednesday. The stock was trading on above-average volume. This is an increase of approximately 418% compared to the typical daily volume of 4,154 put options.

Wheel Of Time TV Series Finally In The Works By Sony
Variety also mentions that McDougal is certainly excited about the situation, as she stated in April of previous year . Sony will produce with Red Eagle Entertainment and Radar Pictures.

"Digital has become an important strategy for acquisition of new card members, particularly the millennial customers", said Jeff Campbell, executive vice president and chief financial officer during American Express' first quarter earnings conference call. Total revenue, net of interest expenses, increased 5% year over year to $1.4 billion, primarily driven by higher Card Member spending. American Express Company had a return on equity of 33.49% and a net margin of 16.63%.

AmEx added 1.7 million new cards across its US issuing businesses and 2.6 million worldwide in the quarter, slightly higher than the additions in the fourth quarter. Book value per share was $21.62 for the quarter, up 7.40 percent or $1.49 compared to $20.13 for the same period a year ago. The company's revenue for the quarter was down 2.5% on a year-over-year basis. Adjusted earnings per share (EPS) of $1.34 beat the Zacks Consensus Estimate of $1.28 but declined 8% year over year. Shareholders of record on Friday, April 7th will be paid a dividend of $0.32 per share. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The company was downgraded on Wednesday, January 13 by Goldman Sachs. American Express Company's dividend payout ratio (DPR) is now 22.74%.

ILLEGAL ACTIVITY NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of global trademark & copyright laws. Also, Director John Joseph Brennan acquired 4,000 shares of the firm's stock in a transaction dated Wednesday, February 22nd. The stock price is moving down from its 20 days moving average with -1.97% and isolated negatively from 50 days moving average with -2.58%. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider L Kevin Cox sold 77,006 shares of the company's stock in a transaction that occurred on Wednesday, January 25th. For trailing twelve months, EPS value for the stock is $5.63.

Other large investors also recently added to or reduced their stakes in the company. Atria Investments LLC's holdings in American Express Company were worth $739,000 as of its most recent SEC filing. Norges Bank acquired a new stake in American Express Company during the fourth quarter worth $616,804,000. State Street Corp increased its stake in American Express Company by 10.9% in the fourth quarter. The firm owned 9,340 shares of the payment services company's stock after selling 878 shares during the period. The Manufacturers Life Insurance Company bought a new stake in American Express Company during the third quarter valued at approximately $197,673,000.

Related News:

  • Barcelona fans, players, coach stay positive after CL exit

    Barcelona fans, players, coach stay positive after CL exit

    If they lose to Real Madrid again on Sunday, it would leave them six points behind their title rivals having played a game more. The three Italian defenders ensured legendary goalkeeper Gianluigi Buffon had just one save to make all night at the Nou Camp.

    Ontario, Canada brings in foreign housing tax to cool market

    He has said that at least some of the housing measures will be included in the Ontario budget, set to be tabled April 27. It will also introduce a C$125 million ($93 million) five-year program to encourage apartment construction.

    Prosecutors: Man arrested over attack on German soccer team

    The blast shattered the bus windows, and Spanish worldwide Marc Bartra, 26, underwent surgery after he was hit by flying glass. The bus of the BVB Borussia Dortmund football team was struck by three explosions.
  • More Americans Than Ever Support Marijuana Legalization

    This sentiment has increased each year we've measured it since 2013, with the turning point to majority support coming in 2014. Experts predict the market could hit $21bn in sales by 2020 - bringing in millions in taxes for state governments, too.
    Olympic hurdles champion banned for whereabouts mix-up

    Olympic hurdles champion banned for whereabouts mix-up

    Athletes are required to be available for one hour each day for testing under global anti-doping regulations. Under World Anti-Doping Agency rules, athletes can not miss three tests in a 12-month period.
    Utah Jazz center Jeff Withey faces domestic violence probe

    Utah Jazz center Jeff Withey faces domestic violence probe

    A district attorney's spokesman didn't immediately respond to a request for comment Thursday afternoon. Overall, he's a good teammate.
  • Patriots, Trump Slam NYT Over Tweet of Team Photos

    Patriots, Trump Slam NYT Over Tweet of Team Photos

    And by " Trump's team", I mean the New England Patriots, whose owner, Robert Kraft , is a longtime Trump friend. Several members of the team will not attend the ceremony because of the man whose hand they would be shaking.
    SC questions Centre for making Aadhaar mandatory for PAN cards

    SC questions Centre for making Aadhaar mandatory for PAN cards

    The Supreme Court today questioned the Centre's stand that Aadhar card should be made mandatory to file income tax returns. Is making Aadhaar mandatory only way to stop fraud, Supreme Court asks government.
    Police Say Facebook Murder Suspect 'Shot And Killed Himself'

    Police Say Facebook Murder Suspect 'Shot And Killed Himself'

    The alert McDonald's drive-thru employee recognized Stephens while taking his order, and immediately dialed 911. A source close to Facebook says it has "thousands" of people reviewing content around the world.
  • DR. STRANGE Director Summoning LOCKE & KEY Adaptation

    DR. STRANGE Director Summoning LOCKE & KEY Adaptation

    Joe Hill and Gabriel Rodriguez's creator-owned title Locke & Key has been ordered for a pilot by Hulu, according to Deadline . While the fan-favorite project was passed over, it was eventually screened as a one-off at Comic-Con 2014.

    Prince Harry Skillfully Avoids Answering a Meghan Markle Question

    She took some time to applaud Prince Harry, who just admitted he struggled with his emotions after his mother's death. He also spoke of how he and Kate are raising their two young children.
    Barcelona fans, players, coach stay positive after CL exit

    Barcelona fans, players, coach stay positive after CL exit

    If they lose to Real Madrid again on Sunday, it would leave them six points behind their title rivals having played a game more. The three Italian defenders ensured legendary goalkeeper Gianluigi Buffon had just one save to make all night at the Nou Camp.


Most liked

New James Bond movie sparks bidding war among five studios
EON and MGM own the rights to the James Bond films, but they do not distribute them. Now, MGM and EON are allegedly offering a one-film contract only.

President Aliyev offers condolences to Egyptian president
Al-Sisi has declared a three-month state of emergency for the country, and ordered troops to help police secure public spaces. The Christian community has been a relatively strong supporter of the President since he came to power in 2013.

49ers, Bears & Jets 'most eager' to trade back in top 10
Cameron Erving, the 2015 first-round pick, failed at center past year but will get the chance to compete for the right tackle job. With the need for a quarterback glaring, the Browns find themselves once again trying to find their franchise signal caller.

Arkansas Executes Inmate After Court Rulings Clear Obstacles
He was the first to die of eight inmates who had been scheduled for executions over 11 days starting last Tuesday. The company said it had been misled because the state had never said it planned to use the drug in executions.

Wits students protest over accommodation
Among their complaints is the lack of WiFi access, study areas, cleaning services, a computer lab and student bus services. Vehicles within the university were diverted by police onto Yale Road towards to the Jorissen Street exit.

We all were wrong about the Chicago Bulls
He scored 20 points but made just six of 15 shots from the floor, missed six of his 13 free-throw attempts and had five turnovers. Stevens said that after services for Thomas' sister, the star guard intends to rejoin the team Friday for Game 3 at Chicago.

Celtics Expect Thomas to Rejoin Team for Game Three
In Game 2 the margin was less drastic (43-38), but still apparent with the Bulls grabbing five more defensive rebounds. Well, the Bulls are coming home to the United Center for Game 3 on Friday night and Game 4 with a 2-0 series lead.

ISIS Claims Responsibility in Paris Police Shooting Attack
According to French officials, the attacker had already served jail-time in 2000's for attacking police officials with a gun. National Front's Marine Le Pen was once a fringe candidate, but is now considered a front-runner in Sunday's election .

Mourinho expects the worst with Ibrahimovic, Rojo injuries
As extra time came, Marcus Rashford slotted past Martinez from a knockdown from Marouane Fellaini . Ibrahimovic was denied from close range, then saw penalty appeals waved away before he fired wide.

Cleveland Browns to play Minnesota Vikings in London October 29
The Steelers open the season with five-straight 1 p.m. games against Cleveland, Minnesota, Chicago, Baltimore and Jacksonville. Also, for the second-straight year, and only the second time in team history, the Steelers will play on Christmas Day.

Arkansas Suffers More Setbacks To Execution Plan
The judge filed her order Thursday after the state complained to the Arkansas Supreme Court that she was taking too much time. The state filed an amended plan Monday that grants attorneys for the inmates more phone access while on prison grounds.

GE's quarterly revenue falls by 1%
New England Research & Management Inc. raised its position in shares of General Electric Company by 9.9% in the third quarter. The stock of General Electric Company (NYSE:GE) earned "Equal-Weight" rating by Morgan Stanley on Thursday, October 6.

Le Pen loses ground to Macron in French election race
Leading presidential candidates have urged greater counterterrorism measures in a campaign already under a state of emergency. Meanwhile, French Prime Minister Bernard Cazeneuve has shown solidarity with the policeman, who was killed in the shooting.

Zinedine Zidane: Isco has shown he belongs at Real Madrid
He scored the first goal for Los Blancos with a very good play, dribbling two opponents and scoring from a great let footed shot. Yannick Carrasco struck twice and Filipe Luis added another goal as third-placed Atletico eased past bottom-side Osasuna , 3-0.

We can't order UK to return Kohinoor diamond, says Supreme Court
"We are quite surprised that such petitions are filed for properties that are in the United States and the United Kingdom". The gem is the subject of a historic ownership dispute and has been claimed by at least four countries, including India.