Silicon Valley Capital Partners Raises Stock Holdings in American Express Company $AXP

Key Points

• Silicon Valley Capital Partners increased its stake in American Express by 14.2%, raising its total shares to 44,615 which valued around $11.84 million.
• American Express reported an EPS of $4.08 for the most recent quarter, surpassing analyst predictions of $3.86, and achieved a revenue of $17.86 billion.
• The company recently announced a $0.82 quarterly dividend, reflecting a 1.0% yield, with a payout ratio of 23.02%.

Silicon Valley Capital Partners raised its position in American Express Company (NYSE:AXP - Free Report) by 14.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,615 shares of the payment services company's stock after buying an additional 5,534 shares during the quarter. American Express comprises about 1.5% of Silicon Valley Capital Partners' holdings, making the stock its 18th largest position. Silicon Valley Capital Partners' holdings in American Express were worth $11,844,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Investment Management Corp VA ADV purchased a new position in shares of American Express during the fourth quarter worth approximately $29,000. MorganRosel Wealth Management LLC bought a new position in shares of American Express in the 1st quarter worth approximately $29,000. Nexus Investment Management ULC purchased a new stake in shares of American Express in the 1st quarter worth about $34,000. Hughes Financial Services LLC bought a new stake in shares of American Express during the first quarter valued at approximately $35,000. Finally, 1 North Wealth Services LLC bought a new position in American Express during the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AXP shares. Monness Crespi & Hardt downgraded shares of American Express from a "buy" rating to a "neutral" rating in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of American Express from $371.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Truist Financial boosted their price target on shares of American Express from $335.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Barclays increased their price target on American Express from $249.00 to $297.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company increased their price objective on shares of American Express from $350.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Eight research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, American Express currently has a consensus rating of "Hold" and a consensus target price of $313.45.

American Express Stock Performance

NYSE AXP opened at $323.46 on Thursday. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 1.80. The business's 50-day moving average price is $313.32 and its 200 day moving average price is $291.47. American Express Company has a 52-week low of $220.43 and a 52-week high of $332.46. The firm has a market cap of $225.09 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.72 and a beta of 1.28.

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

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd were given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, July 3rd. American Express's dividend payout ratio (DPR) is 23.02%.

Insider Transactions at American Express

In other news, insider Anna Marrs sold 5,500 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total value of $1,709,235.00. Following the completion of the transaction, the insider directly owned 20,311 shares of the company's stock, valued at approximately $6,312,049.47. This represents a 21.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the sale, the insider directly 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. Over the last three months, insiders sold 269,996 shares of company stock valued at $85,261,270. 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.

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