American Express Company (NYSE:AXP – Get Free Report) insider Anna Marrs sold 44,910 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the transaction, the insider directly owned 20,509 shares of the company’s stock, valued at approximately $6,710,544.80. This represents a 68.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
American Express Price Performance
AXP opened at $324.95 on Friday. The company has a market capitalization of $217.90 billion, a P/E ratio of 18.30, a PEG ratio of 1.40 and a beta of 1.09. The company has a 50-day moving average of $316.48 and a 200-day moving average of $325.81. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.58 and a current ratio of 1.58. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49.
American Express (NYSE:AXP – Get Free Report) last issued its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.50 by $0.18. The business had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Equities analysts expect that American Express Company will post 17.98 EPS for the current fiscal year.
American Express Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s payout ratio is currently 21.40%.
Analyst Ratings Changes
A number of research firms have commented on AXP. Citigroup reduced their target price on American Express from $340.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, October 27th. BMO Capital Markets initiated coverage on American Express in a report on Thursday, October 8th. They issued an “outperform” rating and a $380.00 price target for the company. Guggenheim started coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. HSBC upped their price target on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. raised their price objective on American Express from $360.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, American Express presently has a consensus rating of “Moderate Buy” and an average price target of $365.22.
Get Our Latest Research Report on AXP
Key Stories Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express expanded its NBA, WNBA and USA Basketball partnerships with international cardmember experiences and benefits, which could support customer engagement and brand loyalty. Article: American Express Brings Global Basketball Perks to Cardholders
- Positive Sentiment: An October partnership with Airbnb adds more than one million listings to Amex Travel for eligible U.S. cardmembers, potentially enhancing the appeal of its travel platform. Article: Airbnb Stock in Focus After Amex Deal
- Neutral Sentiment: A recent comparison asks whether AXP or Virtu Financial is the better value stock, but the available summary provides no specific valuation conclusion or new company catalyst. Article: VIRT or AXP: Which Is the Better Value Stock Right Now?
- Negative Sentiment: Insiders Anna Marrs and Laureen Seeger disclosed sizable stock sales. Such transactions can weigh on sentiment, though they do not necessarily signal a change in business outlook. Article: American Express Insider Anna Marrs Sells Shares Article: American Express Insider Laureen Seeger Sells Shares
- Negative Sentiment: Macro concerns are cited as the broader issue behind selling, alongside a report highlighting job cuts. A separate warning from investor Bill Ackman about corporate-spending fintech Ramp adds to concerns about competition, although the article notes analysts still expect AXP to grow earnings and revenue. Article: Amex Stock Slides on Job Cuts, but the Real Story Is Macro Article: American Express Draws Bill Ackman’s Warning
Institutional Investors Weigh In On American Express
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of American Express during the 2nd quarter worth approximately $14,208,662,000. State Street Corp boosted its position in American Express by 40.2% during the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after purchasing an additional 11,739,541 shares during the period. Bank of America Corp DE boosted its position in American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after purchasing an additional 614,981 shares during the period. Corient Private Wealth LP boosted its position in American Express by 492.2% during the 2nd quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock valued at $1,613,890,000 after purchasing an additional 3,965,582 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in American Express during the 2nd quarter worth $1,263,787,000. Institutional investors own 84.33% of the company’s stock.
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.
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