Weekly Investment Analysts’ Ratings Updates for American Express (AXP)

A number of firms have modified their ratings and price targets on shares of American Express (NYSE: AXP) recently:

• 12/12/2024 – American Express was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/10/2024 – American Express had its price target raised by analysts at Compass Point from $260.00 to $315.00. They now have a “neutral” rating on the stock.
• 12/9/2024 – American Express had its price target raised by analysts at Keefe, Bruyette & Woods from $325.00 to $350.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – American Express had its price target raised by analysts at JPMorgan Chase & Co. from $286.00 to $301.00. They now have a “neutral” rating on the stock.
• 12/3/2024 – American Express was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/25/2024 – American Express was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/21/2024 – American Express had its price target raised by analysts at TD Cowen from $260.00 to $268.00. They now have a “hold” rating on the stock.
• 10/21/2024 – American Express had its price target raised by analysts at Morgan Stanley from $248.00 to $252.00. They now have an “equal weight” rating on the stock.
• 10/21/2024 – American Express had its price target raised by analysts at Barclays PLC from $250.00 to $257.00. They now have an “equal weight” rating on the stock.
• 10/14/2024 – American Express had its price target raised by analysts at Morgan Stanley from $226.00 to $248.00. They now have an “equal weight” rating on the stock.
• 10/14/2024 – American Express had its price target raised by analysts at Monness Crespi & Hardt from $265.00 to $300.00. They now have a “buy” rating on the stock.

American Express Stock Performance

Shares of AXP stock opened at $300.29 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The company has a market cap of $211.54 billion, a PE ratio of 22.10, a PEG ratio of 1.70 and a beta of 1.23. The business’s fifty day simple moving average is $285.30 and its 200-day simple moving average is $258.92. American Express has a 12-month low of $170.15 and a 12-month high of $307.82.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.27 by $0.22. The business had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 EPS. Analysts expect that American Express will post 13.39 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.93%. American Express’s dividend payout ratio is currently 20.60%.

Insider Buying and Selling at American Express

In related news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the transaction, the chief financial officer now owns 6,433 shares in the company, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anre D. Williams sold 77,887 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total value of $21,049,740.62. Following the sale, the insider now owns 111,656 shares of the company’s stock, valued at $30,176,150.56. This trade represents a 41.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,998 shares of company stock valued at $26,423,439 in the last three months. 0.11% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Express

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in American Express by 26,783.5% in the 3rd quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock valued at $2,467,210,000 after purchasing an additional 906,353 shares in the last quarter. FMR LLC grew its position in shares of American Express by 8.5% in the 3rd quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after acquiring an additional 866,110 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in American Express by 924.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 851,431 shares of the payment services company’s stock valued at $197,149,000 after purchasing an additional 768,301 shares during the last quarter. Pathway Financial Advisers LLC increased its position in American Express by 59,816.0% in the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after buying an additional 681,304 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in American Express by 71.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,164,098 shares of the payment services company’s stock valued at $269,547,000 after purchasing an additional 486,755 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.