American Express CEO Stephen J. Squeri Sells Shares
American Express Chairman and CEO Stephen J. Squeri sold 299,401 shares of company common stock in early November 2026.
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American Express has completed its acquisition of the European restaurant reservation platform TheFork, a move intended to expand the company's dining and lifestyle offerings.
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American Express Chairman and CEO Stephen J. Squeri sold 299,401 shares of company common stock in early November 2026.
American Express has reduced its share count by 26.8% over the past decade through aggressive stock buybacks, contributing to a 352% increase in diluted EPS despite net income growing only 228%. The stock delivered a 471% total return, significantly outperforming the S&P 500. With a strong economic moat built on its premium brand and network effects, AXP trades at a reasonable forward P/E of 16.2, with management targeting mid-teens EPS growth annually.
Greg Abel, who took over as CEO of Berkshire Hathaway after Warren Buffett's retirement, maintains a concentrated portfolio with 71% ($255.2 billion) invested in seven core stocks. Legacy holdings like Apple, American Express, Coca-Cola, and Bank of America remain pillars, while Abel has been actively building Alphabet's position due to its AI-powered Google Cloud growth. Energy stocks Chevron and Occidental Petroleum also play significant roles, reflecting Abel's background in energy management.
Daiwa Securities has lowered its price target for American Express Company from $386 to $362.
American Express is collaborating with Walmart Business to offer targeted incentives, including statement credits and extended free trials, to attract new Business+ members.
The article compares American Express and PayPal as investment options for 2027. American Express operates a premium closed-loop payments network with strong margins (13.5% net margin) and high-spending customers, while PayPal offers massive global scale with 439 million active accounts but lower growth (4.3% YoY). Despite PayPal's cheaper valuation (P/E of 11.48 vs. 18.73), the author recommends American Express for 2027, citing its superior 10-year performance and more reliable business model over PayPal's stagnant stock returns.