Key Points
- CEO Stephen Squeri sold 299,401 American Express shares at an average $332.16, for about $99.45 million. His direct stake fell 83.17% to 60,567 shares.
- American Express reported quarterly EPS of $4.68, beating the $4.50 consensus, while revenue of $20.06 billion was slightly below expectations. Revenue grew 8.9% year over year.
- Analysts’ consensus rating is “Moderate Buy,” with an average price target of $365.22; the stock was reported down 1.2%.
American Express Company (NYSE:AXP - Get Free Report) CEO Stephen Squeri sold 299,401 shares of the firm's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $332.16, for a total transaction of $99,449,036.16. Following the completion of the transaction, the chief executive officer directly owned 60,567 shares in the company, valued at approximately $20,117,934.72. This represents a 83.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
American Express Trading Down 1.2%
Shares of AXP stock opened at $321.02 on Friday. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The stock has a 50-day simple moving average of $316.22 and a 200 day simple moving average of $325.65. The stock has a market capitalization of $215.26 billion, a P/E ratio of 19.27, a P/E/G 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 posted its earnings results 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. The company had revenue of $20.06 billion during 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%. American Express's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, sell-side analysts expect that American Express Company will post 17.98 earnings per share for the current fiscal year.
American Express Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be issued a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express's dividend payout ratio is 21.40%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of American Express from $415.00 to $400.00 and set an "outperform" rating for the company in a research note on Friday, October 9th. Jefferies Financial Group reissued a "hold" rating and issued a $330.00 target price on shares of American Express in a report on Friday, October 23rd. Weiss Ratings raised American Express from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, October 26th. HSBC lifted their price target on American Express from $312.00 to $329.00 and gave the company a "hold" rating in a report on Monday, July 13th. Finally, TD Cowen decreased their price target on American Express from $338.00 to $335.00 and set a "hold" rating for the company in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, American Express has a consensus rating of "Moderate Buy" and a consensus price target of $365.22.
Get Our Latest Report on American Express
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Flputnam Investment Management Co. acquired a new stake in American Express during the 2nd quarter worth about $12,879,000. State Street Corp raised its position in shares of American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company's stock worth $13,857,176,000 after acquiring an additional 11,739,541 shares during the last quarter. Evolve Private Wealth LLC bought a new position in shares of American Express in the second quarter valued at approximately $5,172,000. Silicon Valley Capital Partners boosted its stake in American Express by 14.9% during the second quarter. Silicon Valley Capital Partners now owns 41,480 shares of the payment services company's stock valued at $14,030,000 after buying an additional 5,365 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of American Express during the second quarter valued at approximately $11,642,000. Hedge funds and other institutional investors own 84.33% of the company's stock.
Key American Express News
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express has reduced its share count by 27% since 2016, while diluted earnings per share increased 352% from Q3 2016 to the latest quarter. The article credits its premium brand and network advantages—long-term strengths that have helped shareholders, rather than a new near-term development. Article: American Express Has Cut Its Share Count by 27% Since 2016
- Positive Sentiment: ETFs recorded $41.8 million in net purchases of AXP shares on Nov. 4, providing a modest signal of institutional demand. Article: American Express Sees $41.8 Million in Net ETF Buying
- Negative Sentiment: A report says American Express insider Laureen Seeger sold 69,860 shares. Insider sales can weigh on sentiment, although the provided report does not give context for the transaction. Article: Insider Laureen Seeger Sells 69,860 Shares
- Negative Sentiment: AXP also had a notable decline in the prior session, but the cited coverage does not specify what drove the move. This recent weakness may be weighing on near-term sentiment. Article: American Express Drops 3.5%
About American Express
(
Get Free Report)
American Express Company is a global payments and financial services company that operates a card-issuing business and a payments network. Its products and services include consumer, small-business and corporate cards, payment processing, lending, travel services and expense-management solutions.
Founded in 1850 as an express mail business, the company expanded into financial services and became known for its charge cards and travel-related services. Today, it serves cardholders and businesses in the United States and markets around the world, connecting customers, merchants and financial institutions through its network.
Stephen J.
Further Reading
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