American Express (NYSE:AXP) Stock Price Target Lowered at Citigroup

American Express (NYSE:AXP) had its target price cut by analysts at Citigroup from $355.00 to $340.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the payment services company’s stock. Citigroup’s price objective would indicate a potential upside of 11.58% from the company’s previous close.

A number of other brokerages have also recently issued reports on AXP. Bank of America upped their target price on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. HSBC boosted their price objective on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $328.00 to $400.00 in a report on Monday, July 13th. Finally, Morgan Stanley lowered their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, American Express presently has an average rating of “Hold” and an average target price of $369.81.

American Express Stock Down 0.2%

NYSE AXP traded down $0.69 during trading on Wednesday, hitting $304.70. 1,491,264 shares of the company traded hands, compared to its average volume of 3,231,031. American Express has a 12 month low of $290.97 and a 12 month high of $387.49. The business has a fifty day simple moving average of $329.60 and a 200 day simple moving average of $324.67. The company has a market capitalization of $205.77 billion, a P/E ratio of 18.49, a PEG ratio of 1.30 and a beta of 1.05. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. The company had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts predict that American Express will post 17.68 EPS for the current year.

Institutional Trading of American Express

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of American Express in the second quarter valued at about $14,208,662,000. State Street Corp grew its position in American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after buying an additional 11,739,541 shares in the last quarter. Bank of America Corp DE increased its stake in American Express by 8.4% during the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after acquiring an additional 614,981 shares during the period. Capital World Investors increased its stake in American Express by 46.7% during 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 during the period. Finally, Nuveen LLC raised its holdings in American Express by 6.0% in the 4th quarter. Nuveen LLC now owns 5,172,484 shares of the payment services company’s stock valued at $1,913,560,000 after acquiring an additional 293,107 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting American Express

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

• Positive Sentiment: American Express is expanding its merchant acceptance network by approximately 20 million locations in 2026. The broader footprint could support higher card spending, customer engagement and transaction revenue. AmEx Adds 20 Million Merchant Locations in 2026: What’s the Upside?
• Positive Sentiment: AXP declared its regular $0.95 quarterly dividend, payable November 10 to shareholders of record October 9. The $3.80 annualized payout and roughly 1.2% yield reinforce shareholder returns, although the dividend is unlikely to be a major short-term catalyst. American Express Declares Regular Quarterly Dividend on Common Shares
• Positive Sentiment: New and enhanced Aeroplan cards in Canada, including travel and lounge benefits, could help American Express attract premium customers and increase card spending when the portfolio launches in January 2027. American Express Unveils Its Next Generation of Aeroplan Cards
• Neutral Sentiment: American Express launched the next generation of Amex Corporate, adding AI-powered expense tracking and management tools to its corporate card offering. The move strengthens its product proposition but primarily responds to fintech competition. Amex Adds AI, Expense Tracking to Corporate Card to Counter Fintech Rivals
• Negative Sentiment: Recent valuation commentary questions whether AXP’s earnings growth is sufficient to justify its share price. A separate comparison with Virtu Financial may also influence value-focused investors toward the alternative, potentially limiting near-term upside. Can American Express Keep Earning Enough To Justify Its Price?

American Express Company Profile

American Express Company (NYSE: AXP) is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.