Barclays Lowers American Express (NYSE:AXP) Price Target to $323.00

American Express (NYSE:AXP) had its price objective decreased by Barclays from $367.00 to $323.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the payment services company’s stock. Barclays‘s price objective indicates a potential upside of 6.47% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their price target on American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Wells Fargo & Company increased their price target on shares of American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. The Goldman Sachs Group reissued a “buy” rating and set a $420.00 price objective on shares of American Express in a report on Tuesday, January 6th. Morgan Stanley set a $395.00 price target on shares of American Express in a research note on Tuesday, January 20th. Finally, Truist Financial dropped their price objective on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $350.86.

American Express Stock Up 1.1%

NYSE AXP traded up $3.21 on Monday, reaching $303.39. The company had a trading volume of 204,611 shares, compared to its average volume of 3,634,009. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $208.06 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.27 and a beta of 1.13. The company’s fifty day moving average is $323.53 and its 200 day moving average is $346.02. American Express has a 52-week low of $220.43 and a 52-week high of $387.49.

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

Insiders Place Their Bets

In other news, insider Howard Grosfield sold 8,134 shares of the 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 of the company’s stock, valued at $3,270,704.09. This represents a 46.30% decrease in their position. The transaction 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 firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the completion of the transaction, the insider directly owned 20,394 shares in the company, valued at approximately $7,138,103.94. The trade was a 57.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 73,944 shares of company stock worth $26,114,366 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AXP. Evolution Wealth Management Inc. lifted its position in shares of American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new position in American Express during the fourth quarter valued at approximately $26,000. Sfam LLC bought a new position in shares of American Express in the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express in the fourth quarter worth about $28,000. Finally, Valley Wealth Managers Inc. lifted its position in American Express by 153.3% during the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 46 shares during 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.