1,800 Shares in American Express Company $AXP Acquired by Silverberg Bernstein Capital Management LLC

Key Points

• Silverberg Bernstein Capital Management LLC has acquired 1,800 shares of American Express Company, valued at approximately $574,000.
• American Express reported a quarterly EPS of $4.08, exceeding expectations and marking a 9.3% increase in revenue compared to the previous year.
• Institutional investors hold 84.33% of American Express shares, with ongoing adjustments in stock ownership, including significant insider sales.

Silverberg Bernstein Capital Management LLC bought a new position in American Express Company (NYSE:AXP - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 1,800 shares of the payment services company's stock, valued at approximately $574,000.

A number of other institutional investors also recently bought and sold shares of the stock. Investment Management Corp VA ADV acquired a new stake in American Express during the 4th quarter valued at approximately $29,000. MorganRosel Wealth Management LLC acquired a new stake in American Express during the 1st quarter valued at approximately $29,000. Nexus Investment Management ULC acquired a new stake in American Express during the 1st quarter valued at approximately $34,000. Hughes Financial Services LLC acquired a new stake in American Express during the 1st quarter valued at approximately $35,000. Finally, 1 North Wealth Services LLC acquired a new stake in American Express during the 1st quarter valued at approximately $37,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Trading Up 0.6%

Shares of AXP stock opened at $327.28 on Tuesday. The company's 50-day moving average price is $313.38 and its 200-day moving average price is $292.08. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80. The stock has a market cap of $227.75 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.72 and a beta of 1.28. American Express Company has a twelve month low of $220.43 and a twelve month high of $332.46.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.86 by $0.22. American Express had a net margin of 14.78% and a return on equity of 32.87%. The firm had revenue of $17.86 billion for the quarter, compared to analysts' expectations of $17.70 billion. During the same quarter in the previous year, the company posted $3.49 EPS. The company's revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts predict that American Express Company will post 15.33 earnings per share for the current year.

Insider Buying and Selling

In other American Express news, insider Glenda G. Mcneal sold 50,000 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the sale, the insider directly owned 10,957 shares in the company, valued at $3,391,191.50. This represents a 82.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business's stock in a transaction dated 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 sale, the insider owned 123,613 shares in the company, valued at $40,343,574.81. This trade represents a 15.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 269,996 shares of company stock valued at $85,261,270 over the last three months. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on AXP shares. Keefe, Bruyette & Woods lifted their price objective on shares of American Express from $360.00 to $371.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Truist Financial lifted their target price on shares of American Express from $348.00 to $375.00 and gave the company a "buy" rating in a report on Monday. BTIG Research set a $277.00 target price on shares of American Express and gave the company a "sell" rating in a report on Monday, July 14th. Wells Fargo & Company lifted their target price on shares of American Express from $350.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of American Express from $260.00 to $342.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Eight investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, American Express currently has a consensus rating of "Hold" and an average price target of $315.20.

American Express Company 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.

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