Silicon Valley Capital Partners Acquires 5,365 Shares of American Express Company $AXP

Silicon Valley Capital Partners raised its stake in shares of American Express Company (NYSE:AXP) by 14.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,480 shares of the payment services company’s stock after buying an additional 5,365 shares during the quarter. American Express comprises approximately 1.3% of Silicon Valley Capital Partners’ holdings, making the stock its 24th largest position. Silicon Valley Capital Partners’ holdings in American Express were worth $14,030,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Evolution Wealth Management Inc. boosted its position in shares of American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares during the last quarter. Archer Investment Corp bought a new stake in American Express in the 2nd quarter valued at $25,000. Frazier Financial Advisors LLC increased its holdings in American Express by 66.7% in the 1st quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company’s stock valued at $30,000 after acquiring an additional 40 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in American Express by 2,550.0% in the 1st quarter. Whipplewood Advisors LLC now owns 106 shares of the payment services company’s stock worth $32,000 after purchasing an additional 102 shares in the last quarter. Finally, Cedar Mountain Advisors LLC boosted its holdings in shares of American Express by 58.3% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AXP shares. Guggenheim started coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. Barclays increased their price target on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Morgan Stanley cut their price target on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. BTIG Research reduced their price objective on American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research note on Monday, July 27th. Finally, Benchmark initiated coverage on American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, American Express currently has an average rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Price Performance

Shares of American Express stock traded up $2.40 during trading hours on Monday, reaching $313.96. The company’s stock had a trading volume of 2,415,363 shares, compared to its average volume of 3,223,413. The firm has a 50 day moving average price of $336.43 and a 200-day moving average price of $324.64. American Express Company has a one year low of $290.97 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The stock has a market cap of $212.02 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.32 and a beta of 1.05.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The firm had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts predict that American Express Company will post 17.68 EPS for the current year.

About American Express

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.