Shelton Capital Management Purchases 3,436 Shares of American Express Company $AXP

Shelton Capital Management boosted its position in American Express Company (NYSE:AXP) by 9.3% in the second quarter, Holdings Channel.com reports. The firm owned 40,204 shares of the payment services company’s stock after buying an additional 3,436 shares during the quarter. Shelton Capital Management’s holdings in American Express were worth $12,824,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Briaud Financial Planning Inc purchased a new position in American Express during the 2nd quarter valued at about $26,000. Access Investment Management LLC purchased a new stake in American Express in the second quarter worth about $26,000. 1 North Wealth Services LLC bought a new position in shares of American Express during the first quarter valued at approximately $37,000. Chung Wu Investment Group LLC purchased a new position in shares of American Express during the second quarter valued at approximately $37,000. Finally, Solstein Capital LLC bought a new stake in shares of American Express in the 2nd quarter worth approximately $39,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. increased their target price on American Express from $343.00 to $355.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Wall Street Zen lowered American Express from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Morgan Stanley upped their price target on shares of American Express from $311.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Finally, HSBC set a $295.00 price objective on shares of American Express and gave the company a “hold” rating in a research report on Friday, October 10th. Nine analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $332.65.

American Express Trading Up 0.6%

Shares of NYSE:AXP opened at $366.14 on Monday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. American Express Company has a 1 year low of $220.43 and a 1 year high of $377.23. The company has a market cap of $252.22 billion, a P/E ratio of 24.57, a PEG ratio of 1.90 and a beta of 1.27. The stock’s fifty day moving average price is $348.21 and its 200-day moving average price is $323.13.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The business had revenue of $17.14 billion during the quarter, compared to analyst estimates of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.American Express’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. Sell-side analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were given a dividend of $0.82 per share. The ex-dividend date was Friday, October 10th. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. American Express’s dividend payout ratio is 22.01%.

Insider Buying and Selling

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the transaction, the insider directly owned 123,613 shares of the company’s stock, valued at $40,343,574.81. This represents a 15.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Elizabeth Rutledge sold 50,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $360.21, for a total value of $18,010,500.00. Following the completion of the transaction, the chief marketing officer owned 85,577 shares in the company, valued at approximately $30,825,691.17. This trade represents a 36.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 193,292 shares of company stock valued at $65,363,878 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

American Express Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.