American Express revenue beats estimates after marketing push

Posted April 20, 2017

Oppenheimer Holdings Inc. restated a "hold" rating on shares of Express Scripts Holding Company in a research report on Tuesday, February 14th. There may be various price targets for a stock. The company has an average rating of Hold and a consensus target price of $76.02. American Express Company (NASDAQ:AXP) has risen 19.82% over the past 6 months and is uptrending. The stock's price moved down its 200-day moving average of $5.30. Finally, Vetr lowered shares of American Express Company from a "strong-buy" rating to a "buy" rating and set a $89.72 price target on the a research note on Monday, February 27th. The stock has a market capitalization of $68.32 billion, a price-to-earnings ratio of 13.42 and a beta of 1.19.

American Express Company (NYSE:AXP) last issued its quarterly earnings results on Thursday, January 19th.

Analysts polled by FactSet had expected earnings of $1.28 a share on sales of $7.8 billion. The business's revenue for the quarter was down 2.5% compared to the same quarter previous year.

American Express Company (AXP) is now trading with the volume of 2.37 Million. Archford Capital Strategies LLC now owns 2,157 shares of the company's stock valued at $148,000 after buying an additional 1,216 shares in the last quarter.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 10th. Shareholders of record on Friday, April 7th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, April 5th. A change of -1.15% in the price clearly indicates a strong asset performance for the corporation, bearing in mind the total returns from its investment and dividends or distributions obtained from the investment. Oakworth Capital Inc. raised its stake in shares of Express Scripts Holding Company by 0.6% in the third quarter.

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We expect the company's top line to see growth from its strong global business, expansion in small business, new lending products (i.e., American Express EveryDay and small business), growth of loyalty business and prepaid products, and momentum in OptBlue with small merchants.

The AES Corporation (AES) is now trading with the volume of 2.45 Million.

If you want a bullish hedged trade on the stock, consider a June 70/65 bull-put credit spread for a 50-cent credit. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The shares were bought at an average cost of $79.74 per share, with a total value of $318,960.00. Following the acquisition, the director now owns 4,000 shares in the company, valued at approximately $318,960. The disclosure for this purchase can be found here. The biggest holder now is Mr. Kenneth I. Chenault who owns 911,836 shares (0.10% of those outstanding), whilst Mr. Jonathan S. Linen holds 662,912 (0.07% of shares outstanding) and Alfred F. Kelly, Jr holds 418,143 (0.05% of shares outstanding).

Analysts' mean recommendation for Express Scripts Holding Company (ESRX) stands at 2.70. State Street Corp now owns 39,668,305 shares of the payment services company's stock worth $2,938,629,000 after buying an additional 3,894,647 shares during the period. The price to earnings growth ratio is 2.06 and the P/S ratio is 2.08.

At the moment 32 analysts are watching American Express Company (NASDAQ:AXP), 7 rate it "Buy", 4 "Outperform", 16 "Underperform", 4 "Sell", while 1 "Hold". Institutional investors own 81.71% of the company's stock. Capital Guardian Trust Co. raised its position in shares of American Express Company by 23.6% in the fourth quarter.