Key Points
- Insider Anna Marrs sold 44,910 American Express shares for about $14.7 million at an average price of $327.20, reducing her direct stake by 68.65% to 20,509 shares.
- American Express reported quarterly EPS of $4.68, beating the $4.50 consensus, while revenue of $20.06 billion came in slightly below estimates; revenue rose 8.9% year over year.
- Analysts give AXP a consensus “Moderate Buy” rating and an average price target of $365.22. The company also declared a quarterly dividend of $0.95 per share.
American Express Company (NYSE:AXP - Get Free Report) insider Anna Marrs sold 44,910 shares of American Express stock in a transaction dated 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 completion of the sale, the insider directly owned 20,509 shares in the company, valued at approximately $6,710,544.80. This represents a 68.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
American Express Stock Down 0.8%
AXP opened at $325.21 on Wednesday. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company's 50-day moving average price is $316.78 and its two-hundred day moving average price is $326.13. The stock has a market cap of $218.07 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.39 and a beta of 1.09. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64.
American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.50 by $0.18. The company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. American Express's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, equities analysts expect that American Express Company will post 17.88 earnings per share for the current year.
American Express Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express's dividend payout ratio is currently 21.40%.
Wall Street Analysts Forecast Growth
AXP has been the subject of several recent research reports. Royal Bank Of Canada decreased their price objective on American Express from $415.00 to $400.00 and set an "outperform" rating for the company in a report on Friday, October 9th. Benchmark initiated coverage on shares of American Express in a report on Monday, July 13th. They set a "buy" rating on the stock. HSBC increased their target price on shares of American Express from $312.00 to $329.00 and gave the stock a "hold" rating in a research report on Monday, July 13th. Citigroup reduced their target price on shares of American Express from $340.00 to $335.00 and set a "neutral" rating for the company in a research note on Tuesday, October 27th. Finally, Truist Financial lowered their price target on shares of American Express from $375.00 to $370.00 and set a "buy" rating on the stock in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, American Express currently has an average rating of "Moderate Buy" and a consensus target price of $365.22.
Check Out Our Latest Analysis on AXP
Hedge Funds Weigh In On American Express
Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of American Express during the second quarter valued at about $14,208,662,000. State Street Corp boosted its position in shares of American Express by 40.2% in the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company's stock valued at $13,857,176,000 after acquiring an additional 11,739,541 shares during the period. Corient Private Wealth LP bought a new position in shares of American Express in the second quarter valued at approximately $253,945,000. Bank of New York Mellon Corp purchased a new position in American Express during the second quarter valued at approximately $1,263,787,000. Finally, Legal & General Group Plc purchased a new position in American Express during the second quarter valued at approximately $1,138,054,000. 84.33% of the stock is owned by institutional investors.
Key Headlines Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express expanded its longstanding NBA and WNBA partnership globally, adding international fan experiences and cardmember benefits. The broader reach could strengthen customer engagement, though no financial impact was disclosed. Article: American Express, NBA and WNBA Expand Longstanding Partnership Globally
- Positive Sentiment: American Express completed its acquisition of TheFork, potentially bolstering its dining-related offerings and customer proposition. Article: American Express Completes Acquisition of TheFork
- Neutral Sentiment: UBS raised its AXP price target slightly, from $345 to $346, but maintained a neutral rating. UBS Group ratings
- Neutral Sentiment: Eligible cash-back cardholders can now deposit Reward Dollars into qualifying American Express bank accounts, adding redemption flexibility; the near-term financial effect is unclear. Article: Amex Adds a Reward Dollars Redemption Option
- Negative Sentiment: Two insiders reported substantial sales on November 2. Anna Marrs sold 44,910 shares, reducing her holdings by 68.65%; Laureen Seeger sold 69,860 shares, cutting her holdings by 88.59%. The transactions may weigh on sentiment, although insider sales alone do not establish a negative outlook. Anna Marrs SEC filing Laureen Seeger SEC filing
About American Express
(
Get Free Report)
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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