BTIG Reiterates Sell Rating on American Express
BTIG maintains a cautious outlook on American Express with a $324 price target, a 4.21% downside from the current price.
Key Points
- On June 30, BTIG reiterated its sell rating on American Express (NYSE:AXP) with a price target of $324.
- BTIG's $324 price target implies 4.21% downside from American Express Company's ($AXP) current $338.25 share price.
- Shares of American Express traded near $340.88 on Tuesday, with a market cap of approximately $232.2 billion and a P/E ratio of 21.2.
- Major institutional holders like Berkshire Hathaway and BlackRock adjusted their positions, with Berkshire maintaining its stake unchanged.
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BTIG reiterated its sell rating on American Express Company (NYSE:AXP) on June 30, 2026. Analyst Vincent Caintic set a price target of $324, indicating a cautious outlook for the financial services giant. On the same day, shares of American Express traded around $340.88.
BTIG vs. the S&P 500
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Other Institutional Activity in American Express
Berkshire Hathaway Inc. kept its position steady, holding 151.6 million shares worth about $45.9 billion. BlackRock, Inc. trimmed its stake by 432,527 shares, ending with 41.9 million shares valued at approximately $12.7 billion, a 1% decrease. Vanguard Capital Management LLC opened a new position with 33 million shares valued at nearly $9.98 billion. State Street Corp reduced its holdings by 237,147 shares, maintaining 29.2 million shares worth about $8.8 billion, a 0.8% decrease. Geode Capital Management, LLC increased its holdings by 1,458,338 shares, bringing its total to 14.1 million shares valued at around $4.27 billion, marking an 11.5% increase.
American Express Company Stock Up 1.5%
Shares of NYSE:AXP traded near $340.88 on Tuesday. American Express has a market cap of about $232.2 billion, a P/E ratio of 21.2, and a forward P/E of 16.9. The stock has a 52-week low of $288.34 and a high of $387.49, with a 50-day moving average of $320.60 and a 200-day moving average of $337.79. The company maintains a current ratio of 1.57, a quick ratio of 1.56, and a debt-to-equity ratio of 177.85.
$AXP price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
For its most recent earnings, American Express reported revenue of $68.8 billion with a growth rate of 11.6%. The company achieved an EPS of $16.03 and a net margin of 16.3%, with a return on equity of 34.4%. The next earnings report is expected on July 24, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 5.3%. Revenue beat estimates by 11.0%.
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Profit surprise
Operating income beat by 33 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises, 1 target cut.
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Earnings quality
Gross margin up 1.0 points. Operating margin up 14.0 points. Positive free cash flow.
Earnings Call Summary
American Express had a very strong first quarter with revenue growth of 11 percent and earnings per share of $4.28, up 18 percent year over year. Card member spending grew 10 percent, the highest quarterly growth in 3 years, driven by strength in travel and dining. The company is investing heavily in commercial products, artificial intelligence capabilities, and sports partnerships including a new multiyear agreement with the National Football League to become the league's official payments partner.
Guidance American Express reaffirmed full year guidance of 9 to 10 percent revenue growth and earnings per share of $17.30 to $17.90, despite delivering 11 percent revenue growth in the first quarter. The company is reinvesting the outperformance in marketing and technology instead of raising guidance.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
American Express pays an annual dividend of $3.80, yielding 1.12% with a payout ratio of 21.3%.
Insider Buying and Selling at American Express Company
On June 15, 2026, Glenda McNeal, Chief Partner Officer, sold 7,033 shares at an average price of $339.36. Earlier, on May 5, 2026, several insiders including Karen Parkhill and Thomas Baltimore Jr. each bought 742 shares, although the price for these transactions wasn't specified.
Analysts Set New Price Targets
On June 30, 2026, BTIG maintained its sell rating on American Express with a $324 price target. On June 24, Truist Securities kept a buy rating with a $375 target. Loop Capital initiated coverage with a buy rating and a $389 target on May 22. The consensus among analysts is a buy, with an average price target of $363.73 based on 24 opinions.
About American Express
American Express Company, headquartered in New York, NY, is a global payments and credit services company. It operates through segments including U.S. Consumer Services and International Card Services, offering credit and charge cards, travel services, and merchant processing. Led by CEO Stephen Joseph Squeri, the company employs around 76,800 people worldwide.
Bottom Line
BTIG's reiteration of a sell rating on American Express reflects a cautious stance amid the company's strong market position. Investors closely watch these ratings and institutional moves, but it's essential to remember that recommendations are based on past data and may not reflect current conditions. As always, due diligence is crucial.
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