Shelton Capital Management Has $11.46 Million Stock Position in American Express (NYSE:AXP)

Shelton Capital Management increased its position in shares of American Express (NYSE:AXP - Free Report) by 26.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,626 shares of the payment services company's stock after acquiring an additional 8,018 shares during the quarter. Shelton Capital Management's holdings in American Express were worth $11,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. Norges Bank bought a new stake in shares of American Express in the 4th quarter valued at $1,785,867,000. Proficio Capital Partners LLC increased its holdings in shares of American Express by 36,719.1% in the fourth quarter. Proficio Capital Partners LLC now owns 1,011,790 shares of the payment services company's stock worth $300,289,000 after acquiring an additional 1,009,042 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of American Express during the fourth quarter worth about $292,081,000. Capital Wealth Planning LLC lifted its holdings in shares of American Express by 22.0% during the 4th quarter. Capital Wealth Planning LLC now owns 1,517,668 shares of the payment services company's stock valued at $450,429,000 after purchasing an additional 273,813 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of American Express by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 11,752,084 shares of the payment services company's stock valued at $3,484,312,000 after purchasing an additional 268,572 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

AXP has been the subject of several research analyst reports. HSBC upped their price target on shares of American Express from $270.00 to $294.00 and gave the company a "hold" rating in a report on Friday, January 24th. Evercore ISI lifted their price target on American Express from $315.00 to $344.00 and gave the company an "in-line" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. reduced their price objective on American Express from $325.00 to $244.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. UBS Group boosted their target price on American Express from $283.00 to $320.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Finally, Argus cut shares of American Express from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, American Express currently has an average rating of "Hold" and an average target price of $296.81.

American Express Price Performance

Shares of NYSE AXP traded up $4.57 during mid-day trading on Friday, reaching $251.46. The company had a trading volume of 4,412,201 shares, compared to its average volume of 2,882,910. The firm has a market cap of $176.66 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.41 and a beta of 1.16. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. American Express has a one year low of $216.51 and a one year high of $326.28. The business's 50-day simple moving average is $279.02 and its 200 day simple moving average is $288.41.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. On average, research analysts predict that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, April 4th. This is a boost from American Express's previous quarterly dividend of $0.70. American Express's payout ratio is presently 23.41%.

Insider Buying and Selling

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the transaction, the insider now owns 13,500 shares in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Angelakis purchased 3,700 shares of the business's stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the transaction, the director now directly owns 3,700 shares of the company's stock, valued at approximately $998,593. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

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.