American Express Company (NYSE:AXP) Stock Now Rated “Moderate Buy” by Wall Street Analysts

American Express Company (NYSE:AXP) has received an average rating of “Moderate Buy” from the thirty-one research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $365.42.

Several research firms recently commented on AXP. BMO Capital Markets began coverage on shares of American Express in a report on Thursday, October 8th. They set an “outperform” rating and a $380.00 target price on the stock. Loop Capital lowered their price target on shares of American Express from $389.00 to $386.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Truist Financial cut their price target on shares of American Express from $375.00 to $370.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $330.00 price objective on shares of American Express in a research note on Friday, October 23rd. Finally, Royal Bank Of Canada reduced their price objective on American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th.

American Express Stock Down 1.4%

Shares of NYSE AXP opened at $318.50 on Friday. American Express has a one year low of $290.97 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58. The firm’s 50 day simple moving average is $315.64 and its two-hundred day simple moving average is $324.84. The stock has a market capitalization of $213.57 billion, a P/E ratio of 17.93, a PEG ratio of 1.36 and a beta of 1.09.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, topping analysts’ consensus estimates of $4.50 by $0.18. The firm 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%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, analysts expect that American Express will post 17.98 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Friday, October 9th were issued a dividend of $0.95 per share. The ex-dividend date was Friday, October 9th. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio is currently 21.40%.

Insider Buying and Selling

In other American Express news, insider Laureen Seeger sold 69,860 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total value of $22,925,956.20. Following the completion of the sale, the insider owned 9,002 shares in the company, valued at approximately $2,954,186.34. The trade was a 88.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anna Marrs sold 44,910 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $327.20, for a total value of $14,694,552.00. Following the sale, the insider directly owned 20,509 shares of the company’s stock, valued at approximately $6,710,544.80. This trade represents a 68.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 414,171 shares of company stock worth $137,069,544 in the last ninety days. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Archer Investment Corp purchased a new stake in American Express during the 2nd quarter valued at $25,000. Elevation Wealth Partners LLC increased its position in shares of American Express by 78.8% in the third quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after acquiring an additional 41 shares during the period. 10Elms LLP increased its position in shares of American Express by 71.7% in the third quarter. 10Elms LLP now owns 91 shares of the payment services company’s stock valued at $28,000 after acquiring an additional 38 shares during the period. John Boyer Inc. bought a new position in shares of American Express during the third quarter valued at about $29,000. Finally, Frazier Financial Advisors LLC raised its stake in shares of American Express by 66.7% during the first quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company’s stock valued at $30,000 after acquiring an additional 40 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Company Profile

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.