Denise Pickett, President of Global Services Group and Travel & Lifestyle Services at American Express Co (NYSE:AXP), recently reported the sale of 22,752 shares of the company’s common stock. The shares were sold on February 5, 2025, at a weighted average price of $318.69, generating a total of approximately $7.25 million.
In addition to the sale, Pickett exercised stock options to acquire 13,743 shares at a price of $177.06 per share, which were subsequently sold. Following these transactions, Pickett holds 12,626.748 shares directly. Another 1,493 shares are held indirectly through the company’s Employee Stock Ownership Plan. Based on InvestingPro analysis, American Express appears to be trading near its Fair Value, with analysts maintaining price targets ranging from $230 to $371. InvestingPro subscribers have access to 13 additional key insights about AXP, along with comprehensive financial metrics and expert analysis in the Pro Research Report.
In other recent news, Treasury Secretary Scott Bessent has been appointed as the acting director of the Consumer Financial Protection Bureau (CFPB) by President Trump, with certain rulings expected to be put on hold. Meanwhile, American Express has issued $3 billion in new notes and announced the departure of Anré Williams, Group President of Enterprise Services. Analysts from RBC Capital and William Blair have shown confidence in American Express, with RBC Capital raising its stock price target to $350 and William Blair reiterating an Outperform rating.
American Express’s issuance of new notes is part of its broader financing strategy, providing the company with additional capital. The departure of Anré Williams, who has had a notable 35-year tenure with the financial services giant, was disclosed without a named successor.
Analysts from RBC Capital have raised their price target for American Express following the company’s recent fourth-quarter earnings report. The firm noted solid core results, with an increase in revenue and spending activity. William Blair maintained its Outperform rating on American Express, highlighting the company’s potential for low- to mid-teens earnings growth.
These recent developments highlight the ongoing financial maneuvers and leadership changes within American Express, as well as the confidence of financial analysts in the company’s performance.
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