American Express (NYSE:AXP) Price Target Cut to $360.00 by Analysts at Truist Financial

American Express (NYSE:AXP) had its target price decreased by Truist Financial from $400.00 to $360.00 in a report released on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the payment services company’s stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. UBS Group reissued a “neutral” rating and issued a $395.00 target price on shares of American Express in a report on Wednesday, February 4th. BTIG Research dropped their target price on shares of American Express from $328.00 to $285.00 and set a “sell” rating for the company in a research report on Monday, March 16th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $420.00 target price on shares of American Express in a research note on Tuesday, January 6th. Finally, Morgan Stanley set a $395.00 price target on shares of American Express in a report on Tuesday, January 20th. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $352.95.

American Express Trading Up 2.2%

Shares of American Express stock opened at $301.87 on Monday. American Express has a fifty-two week low of $220.43 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59. The company has a market capitalization of $207.27 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.25 and a beta of 1.15. The company has a fifty day moving average of $334.49 and a 200 day moving average of $347.78.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). American Express had a net margin of 15.00% and a return on equity of 33.49%. The business had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. During the same period in the prior year, the business earned $3.04 earnings per share. American Express’s 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. On average, sell-side analysts anticipate that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be issued a $0.95 dividend. The ex-dividend date is Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a dividend yield of 1.3%. American Express’s dividend payout ratio (DPR) is currently 21.31%.

Insiders Place Their Bets

In related news, insider Howard Grosfield sold 8,134 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the completion of the transaction, the insider owned 9,433 shares in the company, valued at $3,270,704.09. The trade was a 46.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 15,000 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the completion of the transaction, the insider directly owned 8,945 shares in the company, valued at $3,189,608.10. This trade represents a 62.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 73,944 shares of company stock valued at $26,114,366 over the last quarter. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Express

Several large investors have recently added to or reduced their stakes in AXP. Brighton Jones LLC increased its holdings in American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after purchasing an additional 1,273 shares during the period. Sivia Capital Partners LLC raised its position in American Express by 13.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock valued at $554,000 after purchasing an additional 200 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in shares of American Express in the 2nd quarter worth $428,000. Hillsdale Investment Management Inc. grew its position in shares of American Express by 1.5% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 2,680 shares of the payment services company’s stock worth $855,000 after buying an additional 40 shares in the last quarter. Finally, AlphaCore Capital LLC grew its position in shares of American Express by 78.6% during the 2nd quarter. AlphaCore Capital LLC now owns 2,102 shares of the payment services company’s stock worth $670,000 after buying an additional 925 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

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.