American Express (NYSE:AXP) Earns "Buy (B-)" Rating from Weiss Ratings

Key Points

• American Express has received a "Buy (B-)" rating from Weiss Ratings, reaffirming confidence in its stock performance.
• The company reported a quarterly EPS of $4.14, beating analyst estimates of $3.98, with revenue reaching $18.43 billion, reflecting an 11% year-over-year increase.
• A total of nine analysts have a Buy rating on the stock, while the average target price is currently set at $332.65, indicating mixed expectations among analysts.

American Express (NYSE:AXP)'s stock had its "buy (b-)" rating reaffirmed by research analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

AXP has been the topic of a number of other research reports. Citigroup reaffirmed a "neutral" rating and set a $327.00 target price (up previously from $300.00) on shares of American Express in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their price objective on American Express from $343.00 to $355.00 and gave the company a "neutral" rating in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft increased their target price on American Express from $371.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. UBS Group raised their target price on American Express from $330.00 to $340.00 and gave the company a "neutral" rating in a research note on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods upped their price target on American Express from $371.00 to $394.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 1st. Nine analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $332.65.

American Express Trading Up 0.7%

Shares of AXP stock traded up $2.56 during mid-day trading on Friday, reaching $357.49. The stock had a trading volume of 1,572,803 shares, compared to its average volume of 2,866,950. The company has a current ratio of 1.61, a quick ratio of 1.69 and a debt-to-equity ratio of 1.78. The stock's 50-day moving average price is $329.58 and its two-hundred day moving average price is $304.99. The firm has a market capitalization of $246.26 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.83 and a beta of 1.29. American Express has a 52-week low of $220.43 and a 52-week high of $362.32.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 EPS for the quarter, beating analysts' consensus estimates of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The business had revenue of $18.43 billion during the quarter, compared to analyst estimates of $18.03 billion. During the same quarter in the prior year, the company posted $3.49 EPS. American Express's quarterly revenue was up 11.0% compared to the same quarter last year. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Equities analysts expect that American Express will post 15.33 earnings per share for the current fiscal year.

Insider Buying and Selling at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the transaction, the insider directly owned 123,613 shares of the company's stock, valued at approximately $40,343,574.81. This represents a 15.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anna Marrs sold 5,500 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the transaction, the insider owned 20,311 shares of the company's stock, valued at $6,312,049.47. This represents a 21.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 269,996 shares of company stock worth $85,261,270 in the last 90 days. Insiders own 0.20% of the company's stock.

Institutional Trading of American Express

A number of institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in American Express by 5.5% during the 1st quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company's stock valued at $183,037,000 after buying an additional 35,295 shares during the last quarter. Pinnacle Financial Partners Inc boosted its holdings in shares of American Express by 1.4% in the first quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company's stock worth $45,243,000 after buying an additional 2,259 shares during the last quarter. R Squared Ltd bought a new stake in American Express during the first quarter valued at approximately $509,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of American Express by 6.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,458 shares of the payment services company's stock worth $25,088,000 after acquiring an additional 5,693 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its position in shares of American Express by 15.8% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 8,787 shares of the payment services company's stock valued at $2,364,000 after acquiring an additional 1,199 shares during the period. Hedge funds and other institutional investors own 84.33% of the company's stock.

American Express Company Profile

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.

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