Fintel reports that on April 5, 2023, Morgan Stanley maintained coverage of American Express (NYSE:AXP) with a Overweight recommendation.
Analyst Price Forecast Suggests 18.44% Upside
As of April 6, 2023, the average one-year price target for American Express is $190.79. The forecasts range from a low of $150.49 to a high of $231.00. The average price target represents an increase of 18.44% from its latest reported closing price of $161.08.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Express is $59,192MM, an increase of 16.80%. The projected annual non-GAAP EPS is $10.65.
American Express Declares $0.60 Dividend
On March 8, 2023 the company declared a regular quarterly dividend of $0.60 per share ($2.40 annualized). Shareholders of record as of April 7, 2023 will receive the payment on May 10, 2023. Previously, the company paid $0.52 per share.
At the current share price of $161.08 / share, the stock's dividend yield is 1.49%. Looking back five years and taking a sample every week, the average dividend yield has been 1.38%, the lowest has been 0.94%, and the highest has been 2.49%. The standard deviation of yields is 0.25 (n=237).
The current dividend yield is 0.45 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.24. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.40%, demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
55i holds 8K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 2K shares, representing an increase of 72.91%. The firm increased its portfolio allocation in AXP by 258.32% over the last quarter.
Field & Main Bank holds 0K shares representing 0.00% ownership of the company. No change in the last quarter.
HighTower Trust Services, LTA holds 7K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 3K shares, representing an increase of 57.28%. The firm increased its portfolio allocation in AXP by 119.19% over the last quarter.
Clearbridge Investments holds 1,286K shares representing 0.17% ownership of the company. In it's prior filing, the firm reported owning 1,290K shares, representing a decrease of 0.26%. The firm increased its portfolio allocation in AXP by 6.99% over the last quarter.
Columbia Funds Variable Series Trust II - Columbia Variable Portfolio - Balanced Fund Class 3 holds 5K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 5K shares, representing a decrease of 0.45%. The firm increased its portfolio allocation in AXP by 5.75% over the last quarter.
What is the Fund Sentiment?
There are 3075 funds or institutions reporting positions in American Express.
This is an increase
of
73
owner(s) or 2.43% in the last quarter.
Average portfolio weight of all funds dedicated to AXP is 0.45%,
a decrease
of 11.46%.
Total shares owned by institutions decreased
in the last three months by 0.71% to 695,199K shares.
The put/call ratio of AXP is 0.99, indicating a
bullish
outlook.
American Express Background Information
(This description is provided by the company.)
American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success.
See all American Express regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
