Barclays Maintains Hold on American Express Amid Insider Selling

Barclays maintained a Hold rating on American Express (AXP) after releasing a report. Analyst Terry Ma, who covers Financial sector stocks like SLM and Synchrony Financial, predicts a price target of $364.00 for AXP.

The general analyst consensus is Moderate Buy with an average price target of $380.11. In Q2, American Express earned a revenue of $21.6 billion and net profit of $3.11 billion, up from last year's $19.93 billion in revenue and $2.89 billion in net profit.

However, corporate insider sentiment is negative due to 55 insiders selling shares over the past quarter, compared to earlier this year. Last month, Monique Herena, Chief Colleague Exp. Officer of AXP, sold 8,811.00 shares for $2,972,919.51.