Media coverage about American Express (NYSE:AXP) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Express earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the payment services company an impact score of 46.1754366027028 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Stock Repurchase Plan Initiated by American Express (AXP) (americanbankingnews.com)
- American Express (AXP) Stock Rating Upgraded by Buckingham Research (americanbankingnews.com)
- [$$] Visa, Mastercard near $6.5bn settlement over card fees (finance.yahoo.com)
- Is American Express Company (NYSE:AXP) A Sell At Its Current PE Ratio? (finance.yahoo.com)
- AmEx Extends Win Streak With Amazon Card for Small Businesses (msn.com)
A number of equities research analysts have recently issued reports on AXP shares. Zacks Investment Research downgraded shares of American Express from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Stephens reissued a “hold” rating on shares of American Express in a report on Thursday, March 8th. Oppenheimer set a $117.00 target price on shares of American Express and gave the company a “buy” rating in a research report on Tuesday, March 13th. Sandler O’Neill set a $109.00 price objective on shares of American Express and gave the stock a “buy” rating in a research report on Thursday, March 15th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $94.00 price objective on shares of American Express in a research report on Friday, March 16th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $107.49.
American Express opened at $98.00 on Friday, according to MarketBeat.com. The stock has a market cap of $83.43 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 1.31 and a beta of 1.10. American Express has a twelve month low of $83.33 and a twelve month high of $103.24. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.67.
American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, April 18th. The payment services company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.15. The firm had revenue of $9.72 billion for the quarter, compared to analyst estimates of $9.49 billion. American Express had a net margin of 8.79% and a return on equity of 28.41%. American Express’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 earnings per share. equities analysts predict that American Express will post 7.23 EPS for the current year.
American Express declared that its board has authorized a stock repurchase plan on Thursday, June 28th that permits the company to repurchase $3.40 billion in outstanding shares. This repurchase authorization permits the payment services company to purchase up to 4.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 10th. Shareholders of record on Friday, July 6th will be issued a $0.35 dividend. The ex-dividend date is Thursday, July 5th. This represents a $1.40 annualized dividend and a yield of 1.43%. American Express’s payout ratio is 23.85%.
In other news, EVP Richard Petrino sold 9,880 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $102.89, for a total value of $1,016,553.20. Following the sale, the executive vice president now directly owns 16,198 shares of the company’s stock, valued at approximately $1,666,612.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey C. Campbell sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $98.05, for a total transaction of $882,450.00. Following the completion of the sale, the chief financial officer now directly owns 79,978 shares in the company, valued at $7,841,842.90. The disclosure for this sale can be found here. Insiders sold a total of 80,936 shares of company stock worth $8,082,400 over the last quarter. 0.20% of the stock is currently owned by company insiders.
About American Express
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
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