American Express (NYSE:AXP) Given New $323.00 Price Target at Barclays

American Express (NYSE:AXP) had its price objective lowered by Barclays from $367.00 to $323.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the payment services company’s stock.

Several other brokerages have also recently issued reports on AXP. JPMorgan Chase & Co. dropped their target price on American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. BTIG Research dropped their target price on American Express from $328.00 to $285.00 and set a “sell” rating on the stock in a research report on Monday, March 16th. Evercore set a $393.00 price objective on American Express in a research report on Tuesday, February 10th. Weiss Ratings restated a “buy (b-)” rating on shares of American Express in a research note on Friday, March 27th. Finally, Credit Suisse Group set a $328.00 target price on American Express in a research note on Monday, January 12th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $350.86.

American Express Stock Up 1.7%

Shares of NYSE AXP opened at $305.41 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $209.45 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.27 and a beta of 1.13. The stock’s fifty day simple moving average is $322.37 and its two-hundred day simple moving average is $345.76. American Express has a 12-month low of $220.43 and a 12-month high of $387.49.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.01). The company had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts expect that American Express will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be paid a dividend of $0.95 per share. This is a positive change from American Express’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, April 2nd. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio (DPR) is presently 24.69%.

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 transaction, the insider directly owned 9,433 shares in the company, valued at $3,270,704.09. The trade was a 46.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anna Marrs sold 27,425 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following the transaction, the insider owned 20,394 shares in the company, valued at approximately $7,138,103.94. This trade represents a 57.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,944 shares of company stock valued at $26,114,366 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of American Express

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AXP. Norges Bank acquired a new stake in American Express during the 4th quarter worth about $2,464,215,000. Capital World Investors lifted its position in American Express by 46.7% during the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after acquiring an additional 2,393,340 shares during the period. Ameriprise Financial Inc. lifted its position in American Express by 27.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after acquiring an additional 845,283 shares during the period. Bank of America Corp DE lifted its position in American Express by 7.7% during the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock worth $2,904,218,000 after acquiring an additional 558,533 shares during the period. Finally, Amundi lifted its position in American Express by 23.9% during the 3rd quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock worth $925,449,000 after acquiring an additional 537,205 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

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.