Wells Fargo & Company Lowers American Express (NYSE:AXP) Price Target to $415.00

American Express (NYSE:AXP) had its price target reduced by analysts at Wells Fargo & Company from $425.00 to $415.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the payment services company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 32.23% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of American Express in a research report on Friday, March 27th. JPMorgan Chase & Co. cut their price objective on shares of American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research report on Monday, March 16th. Morgan Stanley set a $395.00 price target on shares of American Express in a research note on Tuesday, January 20th. Finally, TD Cowen reiterated a “hold” rating on shares of American Express in a research note on Thursday, January 8th. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $350.38.

American Express Price Performance

AXP opened at $313.85 on Thursday. The firm has a market capitalization of $215.23 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.27 and a beta of 1.13. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58. The business’s 50-day moving average is $320.50 and its two-hundred day moving average is $345.32. American Express has a 1 year low of $238.52 and a 1 year high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing the consensus estimate of $3.54 by ($0.01). American Express had a net margin of 15.00% and a return on equity of 33.49%. The firm had revenue of ($17,139.00) million for the quarter, compared to analysts’ expectations of $18.91 billion. During the same period in the previous year, the company posted $3.04 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts anticipate that American Express will post 15.33 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of American Express stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $356.58, for a total value of $5,348,700.00. Following the sale, the insider directly owned 8,945 shares in the company, valued at $3,189,608.10. The trade was a 62.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the transaction, the insider owned 20,394 shares of the company’s stock, valued at approximately $7,138,103.94. This represents a 57.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 73,944 shares of company stock worth $26,114,366 over the last three months. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On American Express

A number of large investors have recently bought and sold shares of the stock. Old North State Trust LLC boosted its stake in shares of American Express by 16.0% during the fourth quarter. Old North State Trust LLC now owns 2,050 shares of the payment services company’s stock valued at $758,000 after acquiring an additional 282 shares during the last quarter. Cornerstone Planning LLC acquired a new stake in American Express in the 4th quarter worth about $3,941,000. World Investment Advisors grew its holdings in American Express by 37.3% in the 4th quarter. World Investment Advisors now owns 11,846 shares of the payment services company’s stock valued at $4,383,000 after buying an additional 3,220 shares during the period. Farmers National Bank increased its stake in shares of American Express by 6.1% during the 4th quarter. Farmers National Bank now owns 817 shares of the payment services company’s stock valued at $302,000 after acquiring an additional 47 shares during the last quarter. Finally, DUTCH ASSET Corp acquired a new position in shares of American Express during the 4th quarter valued at about $221,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.