American ExpressAXP
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 Q3 regulatory filings by fund managers ($100M+ AUM)
79% more first-time investments, than exits
New positions opened: 225 | Existing positions closed: 126
25% more funds holding in top 10
Funds holding in top 10: 69 [Q2] → 86 (+17) [Q3]
12% more call options, than puts
Call options by funds: $3.08B | Put options by funds: $2.77B
10% more capital invested
Capital invested by funds: $143B [Q2] → $158B (+$14.1B) [Q3]
4% more funds holding
Funds holding: 2,301 [Q2] → 2,400 (+99) [Q3]
3% less repeat investments, than reductions
Existing positions increased: 857 | Existing positions reduced: 887
4.25% less ownership
Funds ownership: 85.88% [Q2] → 81.63% (-4.25%) [Q3]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Morgan Stanley Betsy Graseck 73% 1-year accuracy 35 / 48 met price target | 2%upside $305 | Equal-Weight Maintained | 19 Dec 2024 |
Compass Point David Rochester 59% 1-year accuracy 13 / 22 met price target | 9%upside $325 | Neutral Maintained | 19 Dec 2024 |
Keefe, Bruyette & Woods Sanjay Sakhrani 55% 1-year accuracy 18 / 33 met price target | 17%upside $350 | Outperform Maintained | 10 Dec 2024 |
JP Morgan Richard Shane 61% 1-year accuracy 36 / 59 met price target | 1%upside $301 | Neutral Maintained | 9 Dec 2024 |
TD Cowen Moshe Orenbuch 64% 1-year accuracy 9 / 14 met price target | 10%downside $268 | Hold Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 41 articles about AXP published over the past 30 days