American Express (AXP) Earns Daily News Impact Score of 0.10
News coverage about American Express (NYSE:AXP) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. American Express earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the payment services company an impact score of 46.5769215406786 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Big banks are getting off easy with the latest Basel III regs (finance.yahoo.com)
- How to Build a Circle of Competency (finance.yahoo.com)
- AmEx’s Chenault holds court at last investor conference – American … – Seeking Alpha (seekingalpha.com)
- American Express Company (AXP) : Investors watching Analysts Rating – Wall Street Morning (wallstreetmorning.com)
- American Express Company (AXP) Insider Sells $1,322,284.80 in Stock (americanbankingnews.com)
American Express (NYSE:AXP) traded up $0.01 during trading hours on Friday, hitting $98.55. 3,850,000 shares of the stock were exchanged, compared to its average volume of 3,070,000. American Express has a twelve month low of $73.11 and a twelve month high of $99.75. The company has a market cap of $85,540.00, a PE ratio of 18.88, a P/E/G ratio of 1.64 and a beta of 1.22. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31.
American Express (NYSE:AXP) last released its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. American Express had a net margin of 14.48% and a return on equity of 22.73%. The business had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.31 billion. During the same period last year, the business earned $1.24 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. equities analysts expect that American Express will post 5.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, January 4th. American Express’s dividend payout ratio is currently 27.03%.
Several research analysts recently commented on AXP shares. Bank of America reaffirmed a “buy” rating and issued a $102.00 price target on shares of American Express in a research note on Monday, October 9th. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Tuesday, August 29th. Keefe, Bruyette & Woods set a $95.00 target price on shares of American Express and gave the stock a “buy” rating in a report on Saturday, August 19th. Oppenheimer set a $99.00 target price on shares of American Express and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Morgan Stanley dropped their target price on shares of American Express from $90.00 to $89.00 and set an “equal weight” rating on the stock in a report on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $91.56.
In related news, insider Susan Sobbott sold 5,500 shares of American Express stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $94.34, for a total value of $518,870.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashwini Gupta sold 90,658 shares of American Express stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $94.71, for a total transaction of $8,586,219.18. Following the completion of the sale, the insider now owns 289,996 shares of the company’s stock, valued at $27,465,521.16. The disclosure for this sale can be found here. Insiders sold a total of 211,199 shares of company stock worth $19,978,410 over the last 90 days. Company insiders own 0.67% of the company’s stock.
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About American Express
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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