Investment Analysts’ Weekly Ratings Changes for American Express (AXP)

American Express (NYSE: AXP) recently received a number of ratings updates from brokerages and research firms:

• 1/14/2025 – American Express had its price target raised by analysts at JPMorgan Chase & Co. from $301.00 to $307.00. They now have a “neutral” rating on the stock.
• 1/13/2025 – American Express had its price target raised by analysts at UBS Group AG from $283.00 to $320.00. They now have a “neutral” rating on the stock.
• 1/11/2025 – American Express was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/7/2025 – American Express is now covered by analysts at Truist Financial Co.. They set a “buy” rating and a $350.00 price target on the stock.
• 1/3/2025 – American Express had its price target raised by analysts at Wells Fargo & Company from $300.00 to $340.00. They now have an “overweight” rating on the stock.
• 1/1/2025 – American Express was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/21/2024 – American Express was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/19/2024 – American Express had its price target raised by analysts at Compass Point from $315.00 to $325.00. They now have a “neutral” rating on the stock.
• 12/19/2024 – American Express had its price target raised by analysts at Morgan Stanley from $252.00 to $305.00. They now have an “equal weight” rating on the stock.
• 12/19/2024 – American Express had its price target raised by analysts at Monness Crespi & Hardt from $300.00 to $330.00. They now have a “buy” rating on the stock.
• 12/12/2024 – American Express was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/10/2024 – American Express had its price target raised by analysts at Compass Point from $260.00 to $315.00. They now have a “neutral” rating on the stock.
• 12/9/2024 – American Express had its price target raised by analysts at Keefe, Bruyette & Woods from $325.00 to $350.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – American Express had its price target raised by analysts at JPMorgan Chase & Co. from $286.00 to $301.00. They now have a “neutral” rating on the stock.
• 12/3/2024 – American Express was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/25/2024 – American Express was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

American Express Stock Performance

NYSE:AXP traded up $2.87 during trading hours on Thursday, hitting $325.12. 3,914,510 shares of the company traded hands, compared to its average volume of 2,519,118. The stock has a market capitalization of $229.03 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 1.49 and a beta of 1.23. American Express has a twelve month low of $185.73 and a twelve month high of $326.28. The firm has a 50-day moving average of $300.94 and a 200 day moving average of $273.70. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Friday, January 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, January 3rd. American Express’s dividend payout ratio is 20.60%.

Insider Activity

In other news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at approximately $1,952,286.84. This represents a 48.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the sale, the insider now directly owns 109,691 shares in the company, valued at approximately $29,724,067.18. This represents a 10.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Marshall Wace LLP raised its position in shares of American Express by 105.4% in the 2nd quarter. Marshall Wace LLP now owns 1,000 shares of the payment services company’s stock valued at $232,000 after acquiring an additional 19,400 shares during the period. Mill Creek Capital Advisors LLC acquired a new stake in shares of American Express in the 2nd quarter valued at approximately $219,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of American Express by 58.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 110,339 shares of the payment services company’s stock valued at $25,549,000 after acquiring an additional 40,499 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its position in shares of American Express by 327.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 23,961 shares of the payment services company’s stock valued at $5,548,000 after acquiring an additional 18,351 shares during the period. Finally, Trinity Legacy Partners LLC raised its position in shares of American Express by 0.7% in the 2nd quarter. Trinity Legacy Partners LLC now owns 21,839 shares of the payment services company’s stock valued at $5,057,000 after acquiring an additional 159 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.