JPMorgan Chase & Co. Raises American Express (NYSE:AXP) Price Target to $385.00

American Express (NYSE:AXP) had its price objective hoisted by equities researchers at JPMorgan Chase & Co. from $360.00 to $385.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the payment services company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 6.83% from the company’s previous close.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $425.00 target price on shares of American Express in a report on Monday. Evercore ISI set a $400.00 price objective on American Express in a research report on Tuesday, January 6th. Wolfe Research initiated coverage on American Express in a research note on Monday, December 8th. They issued a “peer perform” rating on the stock. Credit Suisse Group set a $328.00 target price on shares of American Express in a research report on Monday. Finally, DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price target for the company in a report on Tuesday, October 21st. Nine analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus price target of $352.82.

American Express Trading Down 4.1%

NYSE AXP traded down $15.22 during trading hours on Monday, reaching $360.40. The company’s stock had a trading volume of 3,862,112 shares, compared to its average volume of 2,622,556. The firm has a fifty day simple moving average of $369.05 and a 200-day simple moving average of $339.88. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. American Express has a 52 week low of $220.43 and a 52 week high of $387.49. The stock has a market cap of $248.26 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.57 and a beta of 1.15.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, January 30th. The payment services company reported ($11.85) earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($15.41). The business had revenue of ($17,139.00) million during the quarter, compared to analyst estimates of $18.91 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. Equities analysts forecast that American Express will post 15.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Douglas Tabish sold 2,515 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the transaction, the insider directly owned 2,515 shares in the company, valued at $894,359.15. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Denise Pickett sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the transaction, the insider owned 7,726 shares in the company, valued at approximately $2,709,739.98. The trade was a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 57,515 shares of company stock worth $20,658,509. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of American Express

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in American Express by 1.3% during the second quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock worth $14,808,730,000 after buying an additional 581,369 shares in the last quarter. Geode Capital Management LLC boosted its holdings in American Express by 11.1% during the 2nd quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock worth $4,282,984,000 after acquiring an additional 1,349,746 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of American Express by 1.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,881,546 shares of the payment services company’s stock worth $2,950,095,000 after acquiring an additional 146,586 shares in the last quarter. Norges Bank purchased a new stake in shares of American Express in the second quarter valued at about $1,897,335,000. Finally, Capital World Investors lifted its position in shares of American Express by 0.5% during the third quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock valued at $1,701,435,000 after purchasing an additional 24,297 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express News Roundup

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

• Positive Sentiment: Long‑term franchise strength remains a positive for AXP — articles highlight American Express’s durable brand, network effects and multi‑year growth potential, which support medium/long‑term upside despite short‑term shocks. Read More.
• Positive Sentiment: Some analysts/commentators argue a 10% cap wouldn’t “break” AmEx’s business — if enacted, mitigation (pricing, fee changes, product mix) and regulatory or legal limits could reduce the earnings hit. This view helps limit downside risk. Read More.
• Neutral Sentiment: Consensus analyst positioning is mixed: MarketBeat notes a consensus “Hold” from the majority of covering analysts (with a range of buy/hold/sell views), suggesting expectations are already varied and the stock may be sensitive to new information. Read More.
• Neutral Sentiment: Market strategists warn investors not to overreact until policymakers specify enforcement tools; several outlets and analysts call the proposal politically notable but likely difficult to implement quickly, which tempers immediate fundamental risk. Read More.
• Negative Sentiment: Trump’s one‑year 10% APR proposal sparked a sharp, sector‑wide selloff in premarket trading — investors fear a direct hit to credit card yields, interest income and late‑fee revenue for issuers including American Express. The lack of detail on enforcement increased uncertainty and triggered the immediate decline. Read More.
• Negative Sentiment: Premarket stories and commentary amplified selling pressure: headlines and interviews led to knee‑jerk moves against AXP ahead of any legislative or regulatory mechanics being defined. Expect continued headline sensitivity until clarity emerges. Read More.

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.