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American Express (NYSE: AXP) saw a significant insider sale, with one director reducing their stake by 41.27%. Analysts have mixed views on the stock, with Goldman Sachs lowering its target price to $330 while maintaining a "buy" rating, and a consensus rating of "Hold" among analysts. The company recently increased its quarterly dividend to $0.82, reflecting a 1.21% yield.
Warren Buffett has significantly reduced his stakes in major financial stocks like Bank of America and Citigroup, citing higher interest rates and economic uncertainty as key factors. Despite selling off a large portion of his holdings, including 67% of Apple, Buffett is building a substantial cash position, preparing for future investment opportunities while maintaining confidence in equities. His strategy reflects a cautious approach to market valuations and a focus on long-term positioning as he prepares for a leadership transition at Berkshire Hathaway.
American Express shares have fallen over 20% since February, significantly more than the S&P 500, due to recession fears impacting the banking sector. Currently attempting to rebound from key support at $255, the stock's future trajectory hinges on US economic indicators, particularly employment rates. A drop below $255 could signal a shift in the long-term uptrend, with the next support level at $220.
Warren Buffett's Berkshire Hathaway owns over 264 million shares of Occidental Petroleum, making it the sixth-largest position in its portfolio. In 2025, Berkshire is set to receive more than $254 million in dividends from Occidental, which has steadily increased its dividend over the past three years after a significant cut in 2020. With a current quarterly dividend of $0.24 per share, investors can expect continued growth in passive income as Occidental improves its capital efficiency and business performance.
American Express has launched a limited-time promotion for its Gold and Platinum cards, offering new Gold cardholders 30,000 bonus Membership Rewards points after spending £3,000 in the first three months, while new Platinum cardholders can earn 80,000 points with a £10,000 spend in six months. Both offers are valid for applications approved by May 27, with the Gold card free for the first year and a £195 annual fee thereafter, and the Platinum card carrying a £650 fee. Additionally, referral bonuses have been increased for both cards until the same date.
Berkshire Hathaway has seen significant gains this year, with Class B shares up 16%, contrasting sharply with the S&P 500's 4.5% loss. The company now holds $334 billion in cash after selling over $134 billion in stocks, primarily from its major holdings in Apple and Bank of America. CEO Warren Buffett continues to emphasize a disciplined approach to equity investment, maintaining a modest salary of $100,000 for over 40 years, significantly lower than the average for public company CEOs.
American Express shares opened at $266.04, with analysts maintaining a "Hold" rating and an average target price of $299.24. The company recently reported earnings of $3.04 per share, exceeding estimates, and announced a dividend increase to $0.82 per share, reflecting a 1.23% yield. Insider transactions included a significant purchase by Director Michael J. Angelakis and a sale by insider Ravikumar Radhakrishnan.
American Express has received a Hold rating from Bank of America Securities, with a price target of $325, due to stable credit metrics but slowed loan growth. Despite strong credit performance, there is a slight increase in loss rates and a negative sentiment among corporate insiders, as indicated by recent share sales. Barclays also maintains a Hold rating, setting a price target of $280.
Robert W. Baird upgraded American Express to a "neutral" rating with a $265 price target, while the stock currently holds a consensus "Hold" rating and a price target of $299.24. The company reported $3.04 EPS, exceeding estimates, and announced a quarterly dividend increase to $0.82, reflecting a 1.24% yield. Insider transactions show significant activity, with a director purchasing shares and an insider selling a large portion of their holdings.
American Express (NYSE: AXP) has seen significant institutional activity, with Norges Bank acquiring a stake worth $1.79 billion and DZ BANK AG increasing its holdings by 463.3%. Analysts currently rate the stock as a "Hold," with a one-year price target averaging $299.24. The company recently raised its quarterly dividend to $0.82, reflecting a 1.24% yield.
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