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Glenda G. McNeal, Chief Partner Officer at American Express Co (NYSE:AXP), recently sold 7,391 shares of the company’s common stock. The transactions, which took place on February 11, 2025, were executed at an average price of $309.96 per share, resulting in a total sale value of approximately $2.29 million. The sale comes as American Express, currently valued at $216 billion, maintains a strong financial health rating according to InvestingPro analysis.
Following this sale, McNeal retains ownership of 13,900.459 shares. The shares were sold at prices ranging from $309.68 to $310.42. The stock has shown remarkable strength with a 29% gain over the past six months, trading at a P/E ratio of 22. InvestingPro subscribers can access 10+ additional key insights and a comprehensive Pro Research Report, offering deeper analysis of American Express’s market position and growth prospects.
In other recent news, Treasury Secretary Scott Bessent has been appointed as the acting director of the Consumer Financial Protection Bureau (CFPB), a development that may impact financial firms and banks, including American Express. In addition, American Express has issued $3 billion in new notes, providing the company with additional capital. The company also announced the departure of Anré Williams, Group President of Enterprise Services. These are among the recent developments affecting the company.
RBC Capital Markets and William Blair have both shown confidence in American Express. RBC Capital has increased its price target for the company, while William Blair has reiterated an Outperform rating on the stock. Both firms highlight the company’s potential for solid revenue and earnings growth.
While these developments are noteworthy, they are part of a broader context. They reflect ongoing changes in the financial industry and the company’s proactive management of its capital structure and leadership. As always, the implications of these developments will depend on a range of factors, including market conditions and the company’s strategic decisions.
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