Truist Financial Lowers American Express (NYSE:AXP) Price Target to $360.00

American Express (NYSE:AXP) had its price target cut by research analysts at Truist Financial from $400.00 to $360.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the payment services company’s stock. Truist Financial’s price target suggests a potential upside of 19.17% from the company’s current price.

Several other equities research analysts have also weighed in on AXP. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Credit Suisse Group set a $328.00 price target on shares of American Express in a report on Monday, January 12th. Barclays upped their price objective on shares of American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. dropped 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. Finally, Morgan Stanley set a $395.00 target price on shares of American Express in a research note on Tuesday, January 20th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $352.95.

American Express Price Performance

Shares of AXP stock opened at $302.10 on Monday. The stock’s fifty day simple moving average is $333.38 and its 200 day simple moving average is $347.60. American Express has a one year low of $220.43 and a one year high of $387.49. The firm has a market cap of $207.43 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.28 and a beta of 1.14. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58.

American Express (NYSE:AXP) last released its quarterly earnings data 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 analyst estimates of $18.91 billion. American Express had a return on equity of 33.49% and a net margin of 15.00%.The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts expect that American Express will post 15.33 earnings per share for the current fiscal year.

Insider Activity at American Express

In other American Express news, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Howard Grosfield sold 8,134 shares of the business’s stock in a transaction dated 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 directly owned 9,433 shares of the company’s stock, valued at approximately $3,270,704.09. This represents a 46.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 73,944 shares of company stock worth $26,114,366 in the last quarter. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AXP. Gratus Wealth Advisors LLC lifted its stake in shares of American Express by 0.8% during the third quarter. Gratus Wealth Advisors LLC now owns 3,712 shares of the payment services company’s stock valued at $1,233,000 after acquiring an additional 28 shares during the period. Murphy & Mullick Capital Management Corp increased its position in American Express by 10.0% in the third quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock worth $105,000 after purchasing an additional 28 shares during the period. Capital Asset Advisory Services LLC raised its holdings in American Express by 2.4% during the 4th quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock worth $465,000 after purchasing an additional 28 shares during the last quarter. Lantz Financial LLC raised its holdings in American Express by 3.6% during the 4th quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock worth $299,000 after purchasing an additional 28 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its position in American Express by 1.0% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 2,910 shares of the payment services company’s stock valued at $967,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Company Profile

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.