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)
143% more first-time investments, than exits
New positions opened: 228 | Existing positions closed: 94
25% more funds holding in top 10
Funds holding in top 10: 69 [Q2] → 86 (+17) [Q3]
10% more capital invested
Capital invested by funds: $147B [Q2] → $162B (+$14.6B) [Q3]
4% more funds holding
Funds holding: 2,303 [Q2] → 2,406 (+103) [Q3]
10% more call options, than puts
Call options by funds: $3.13B | Put options by funds: $2.85B
3% less repeat investments, than reductions
Existing positions increased: 858 | Existing positions reduced: 888
4.32% less ownership
Funds ownership: 88.15% [Q2] → 83.84% (-4.32%) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
JP Morgan Richard Shane 0 / 0 met price target | 2%downside $307 | Neutral Maintained | 14 Jan 2025 |
UBS Eric Wasserstrom 0 / 0 met price target | 2%upside $320 | Neutral Maintained | 13 Jan 2025 |
Truist Securities Brian Foran 0 / 0 met price target | 12%upside $350 | Buy Initiated | 7 Jan 2025 |
Wells Fargo Donald Fandetti 0 / 0 met price target | 9%upside $340 | Overweight Maintained | 3 Jan 2025 |
Morgan Stanley Betsy Graseck 72% 1-year accuracy 13 / 18 met price target | 2%downside $305 | Equal-Weight Maintained | 19 Dec 2024 |
Financial journalist opinion
Based on 57 articles about AXP published over the past 30 days
