American Express (NYSE:AXP) Rating Increased to Strong-Buy at Piper Sandler

Piper Sandler upgraded shares of American Express (NYSE:AXP) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

A number of other brokerages have also recently weighed in on AXP. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. reduced their price objective on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a research report on Thursday, June 18th. The Goldman Sachs Group increased their target price on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada set a $415.00 target price on American Express in a report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, American Express has an average rating of “Moderate Buy” and a consensus price target of $365.05.

American Express Trading Down 0.8%

NYSE AXP opened at $338.15 on Monday. The firm has a market capitalization of $230.73 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.41 and a beta of 1.06. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. American Express has a one year low of $288.34 and a one year high of $387.49. The company’s 50 day moving average price is $321.34 and its 200 day moving average price is $333.62.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same period in the previous year, the firm earned $3.64 earnings per share. American Express’s revenue for the quarter was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts predict that American Express will post 17.64 EPS for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio is presently 23.71%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. State Street Corp raised its position in shares of American Express by 1.3% in the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after purchasing an additional 369,967 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after buying an additional 141,936 shares during the last quarter. Bank of America Corp DE raised its holdings in American Express by 7.7% in the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after acquiring an additional 558,533 shares in the last quarter. Capital World Investors raised its holdings in American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after acquiring an additional 2,393,340 shares in the last quarter. Finally, Norges Bank bought a new position in American Express during the 4th quarter valued at $2,464,215,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Key Headlines Impacting American Express

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

• Positive Sentiment: American Express announced that U.S. card members can now redeem Membership Rewards points directly in Apple Pay checkout, expanding everyday points usage and potentially improving cardholder loyalty and spend. Amex and Apple Pay Enable Users to Pay With Points
• Positive Sentiment: Analysts and market commentary highlighted American Express as a stock worth watching, with bullish write-ups citing resilient lending programs and the company’s credit performance metrics as signs of stable asset quality. Resilient Lending Programs Assert American Express Company (AXP) as a Stock to Buy for Good Returns
• Neutral Sentiment: BTIG raised its price target on American Express but kept a sell rating, signaling mixed analyst sentiment rather than a clear bullish catalyst. American Express price target raised by BTIG Research
• Neutral Sentiment: American Express is also building a stablecoin and blockchain partnerships team, which suggests long-term innovation efforts but is too early to have a clear near-term earnings impact. American Express Builds a Stablecoin Team With VP Role Paying Up to $282,000

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.