American Express (NYSE:AXP) Price Target Raised to $346.00

American Express (NYSE:AXP) had its price target increased by UBS Group from $345.00 to $346.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the payment services company’s stock.

A number of other equities analysts have also recently weighed in on AXP. Citigroup reduced their price target on shares of American Express from $340.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 27th. Morgan Stanley decreased their price target on shares of American Express from $382.00 to $380.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. HSBC upped their price objective on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. William Blair reaffirmed an “outperform” rating on shares of American Express in a research note on Friday, October 23rd. Finally, TD Cowen reduced their target price on American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.22.

American Express Stock Performance

Shares of NYSE:AXP opened at $332.78 on Monday. The firm’s 50 day simple moving average is $316.71 and its 200 day simple moving average is $326.01. American Express has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a market capitalization of $223.15 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 1.38 and a beta of 1.09. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The firm had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $20.12 billion. During the same quarter in the previous year, the company earned $4.14 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, sell-side analysts forecast that American Express will post 17.88 earnings per share for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s payout ratio is currently 21.40%.

Insider Transactions at American Express

In other American Express news, insider Anna Marrs sold 44,910 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $327.20, for a total value of $14,694,552.00. Following the sale, the insider owned 20,509 shares in the company, valued at approximately $6,710,544.80. The trade was a 68.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laureen Seeger sold 69,860 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the transaction, the insider owned 9,002 shares of the company’s stock, valued at $2,954,186.34. The trade was a 88.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Riverbend Wealth Management LLC raised its stake in shares of American Express by 0.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 4,534 shares of the payment services company’s stock valued at $1,379,000 after purchasing an additional 34 shares during the period. Valmark Advisers Inc. lifted its holdings in American Express by 1.9% during the 1st quarter. Valmark Advisers Inc. now owns 1,878 shares of the payment services company’s stock worth $568,000 after purchasing an additional 35 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in American Express by 58.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock worth $32,000 after purchasing an additional 35 shares during the period. Consilium Wealth Advisory LLC boosted its stake in American Express by 4.6% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 793 shares of the payment services company’s stock worth $241,000 after purchasing an additional 35 shares during the period. Finally, Gryphon Financial Partners LLC grew its holdings in American Express by 1.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 2,489 shares of the payment services company’s stock valued at $753,000 after buying an additional 36 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Key American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: UBS raised its price target on AXP, offering a modest vote of confidence. Article: American Express Stock Gets Price Target Boost from UBS Group
• Positive Sentiment: American Express’s partnership with Airbnb brings more than one million listings, including Airbnb Luxe, to Amex Travel for eligible U.S. cardmembers. The added travel inventory and rewards offers could support card engagement and spending. Article: Airbnb Stock In Focus After Amex Deal And Q3 Results Preview
• Positive Sentiment: Amex expanded its NBA, WNBA and USA Basketball partnerships internationally, adding cardmember experiences and offers that may help strengthen customer loyalty. Article: American Express Brings Global Basketball Perks To Card Holders Worldwide
• Neutral Sentiment: Amex is presenting an exclusive Equinox wellness event for eligible cardmembers, another premium-card benefit, though the announcement gives no expected financial impact. Article: Equinox Announces House of Equinox
• Negative Sentiment: Bill Ackman said American Express should be concerned about Ramp, a fast-growing fintech competitor. The article also cites analysts’ expectations for continued double-digit EPS growth, but competition is a risk to monitor. Article: American Express Draws Bill Ackman’s Warning
• Negative Sentiment: Two insiders made substantial share sales on November 2. Anna Marrs sold 44,910 shares, reducing her holdings by 68.65%, while Laureen Seeger sold 69,860 shares, cutting hers by 88.59%. Sales do not necessarily indicate a negative outlook, but may weigh on sentiment. Anna Marrs SEC filing Laureen Seeger SEC filing

About American Express

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.