American Express (NYSE:AXP) Shares Break Below 200-Day Moving Average - Here's What Happened

Key Points

• American Express shares fell below their 200-day moving average of $325.81, trading as low as $324.41 and last quoted at about $324.96.
• Recent quarterly results showed EPS of $4.68, ahead of estimates, while revenue rose 8.9% year over year but came in slightly below expectations. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $365.22.
• Macro concerns and reported job cuts have weighed on sentiment, and two insiders disclosed sizable share sales. The company also highlighted customer-engagement initiatives, including expanded basketball partnerships and an Airbnb listing addition to Amex Travel.

American Express Company (NYSE:AXP - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $325.81 and traded as low as $324.41. American Express shares last traded at $324.9550, with a volume of 4,575,696 shares changing hands.

Key American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express expanded its NBA, WNBA and USA Basketball partnerships with international cardmember experiences and benefits, which could support customer engagement and brand loyalty. Article: American Express Brings Global Basketball Perks to Cardholders
• Positive Sentiment: An October partnership with Airbnb adds more than one million listings to Amex Travel for eligible U.S. cardmembers, potentially enhancing the appeal of its travel platform. Article: Airbnb Stock in Focus After Amex Deal
• Neutral Sentiment: A recent comparison asks whether AXP or Virtu Financial is the better value stock, but the available summary provides no specific valuation conclusion or new company catalyst. Article: VIRT or AXP: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Insiders Anna Marrs and Laureen Seeger disclosed sizable stock sales. Such transactions can weigh on sentiment, though they do not necessarily signal a change in business outlook. Article: American Express Insider Anna Marrs Sells Shares Article: American Express Insider Laureen Seeger Sells Shares
• Negative Sentiment: Macro concerns are cited as the broader issue behind selling, alongside a report highlighting job cuts. A separate warning from investor Bill Ackman about corporate-spending fintech Ramp adds to concerns about competition, although the article notes analysts still expect AXP to grow earnings and revenue. Article: Amex Stock Slides on Job Cuts, but the Real Story Is Macro Article: American Express Draws Bill Ackman’s Warning

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AXP shares. Royal Bank Of Canada decreased their target price on American Express from $415.00 to $400.00 and set an "outperform" rating for the company in a research report on Friday, October 9th. Citigroup cut their price target on American Express from $340.00 to $335.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 27th. Piper Sandler boosted their price objective on American Express from $396.00 to $405.00 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. Loop Capital reduced their price objective on American Express from $389.00 to $386.00 and set a "buy" rating for the company in a research note on Monday, July 27th. Finally, William Blair reissued an "outperform" rating on shares of American Express in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Express currently has a consensus rating of "Moderate Buy" and an average target price of $365.22.

American Express Stock Down 2.3%

The business's fifty day moving average price is $316.48 and its 200 day moving average price is $325.81. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $217.90 billion, a PE ratio of 18.30, a PEG ratio of 1.40 and a beta of 1.09.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $20.12 billion. During the same quarter in the prior year, the firm earned $4.14 earnings per share. The business's quarterly revenue was up 8.9% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, equities research analysts forecast that American Express Company will post 17.98 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express's dividend payout ratio is currently 21.40%.

Insider Buying and Selling

In other American Express news, insider Anna Marrs sold 44,910 shares of American Express stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $327.20, for a total value of $14,694,552.00. Following the transaction, the insider directly owned 20,509 shares in the company, valued at approximately $6,710,544.80. This trade represents a 68.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laureen Seeger sold 69,860 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total value of $22,925,956.20. Following the completion of the transaction, the insider directly owned 9,002 shares in the company, valued at approximately $2,954,186.34. The trade was a 88.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Express

Several institutional investors and hedge funds have recently added to or reduced their stakes in AXP. Three Bridge Wealth Advisors LLC acquired a new stake in American Express in the third quarter worth $66,000. King Luther Capital Management Corp boosted its holdings in shares of American Express by 1.1% during the third quarter. King Luther Capital Management Corp now owns 667,629 shares of the payment services company's stock valued at $203,026,000 after acquiring an additional 7,164 shares during the period. Banyan Capital Management Inc. bought a new position in shares of American Express during the third quarter worth about $3,156,000. Maryland State Retirement & Pension System grew its position in shares of American Express by 13.5% during the third quarter. Maryland State Retirement & Pension System now owns 32,246 shares of the payment services company's stock worth $9,806,000 after acquiring an additional 3,841 shares during the last quarter. Finally, Ritholtz Wealth Management increased its holdings in shares of American Express by 3.7% in the 3rd quarter. Ritholtz Wealth Management now owns 15,394 shares of the payment services company's stock worth $4,681,000 after acquiring an additional 550 shares during the period. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Company Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.

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