American ExpressAXP
Market Cap: $174B
About: American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.
Employees: 74,600
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
13% more first-time investments, than exits
New positions opened: 168 | Existing positions closed: 149
10% more call options, than puts
Call options by funds: $2.64B | Put options by funds: $2.39B
1% more funds holding
Funds holding: 2,253 [Q1] → 2,272 (+19) [Q2]
1% more capital invested
Capital invested by funds: $139B [Q1] → $140B (+$862M) [Q2]
0.73% less ownership
Funds ownership: 84.57% [Q1] → 83.84% (-0.73%) [Q2]
8% less funds holding in top 10
Funds holding in top 10: 74 [Q1] → 68 (-6) [Q2]
10% less repeat investments, than reductions
Existing positions increased: 806 | Existing positions reduced: 898
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
B of A Securities Kenneth Bruce 100% 1-year accuracy 1 / 1 met price target | 8%upside $263 | Neutral Downgraded | 21 Aug 2024 |
Monness, Crespi, Hardt Gus Gala 44% 1-year accuracy 4 / 9 met price target | 9%upside $265 | Buy Maintained | 22 Jul 2024 |
B of A Securities Kenneth Bruce 100% 1-year accuracy 1 / 1 met price target | 8%upside $263 | Buy Maintained | 22 Jul 2024 |
RBC Capital Jon Arfstrom 78% 1-year accuracy 40 / 51 met price target | 9%upside $267 | Outperform Maintained | 22 Jul 2024 |
Compass Point David Rochester 71% 1-year accuracy 5 / 7 met price target | 7%upside $260 | Neutral Initiated | 16 Jul 2024 |
Financial journalist opinion
Based on 53 articles about AXP published over the past 30 days