Shelton Wealth Management LLC Purchases New Stake in American Express Company $AXP

Shelton Wealth Management LLC acquired a new position in American Express Company (NYSE:AXP) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,697 shares of the payment services company’s stock, valued at approximately $816,000.

A number of other institutional investors have also recently bought and sold shares of the business. Baxter Bros Inc. lifted its position in shares of American Express by 2.1% in the first quarter. Baxter Bros Inc. now owns 79,992 shares of the payment services company’s stock worth $24,196,000 after purchasing an additional 1,619 shares in the last quarter. Greatmark Investment Partners Inc. grew its position in American Express by 6.7% during the first quarter. Greatmark Investment Partners Inc. now owns 116,949 shares of the payment services company’s stock valued at $35,375,000 after purchasing an additional 7,365 shares in the last quarter. Kiley Juergens Wealth Management LLC purchased a new position in American Express during the first quarter valued at approximately $317,000. Canvas Wealth Advisors LLC increased its stake in American Express by 35.3% in the 1st quarter. Canvas Wealth Advisors LLC now owns 1,116 shares of the payment services company’s stock valued at $338,000 after buying an additional 291 shares during the period. Finally, Beacon Bank & Trust lifted its position in American Express by 11.4% in the 1st quarter. Beacon Bank & Trust now owns 7,190 shares of the payment services company’s stock worth $2,175,000 after buying an additional 734 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: UBS raised its price target on American Express to $386 from $340 while keeping a neutral rating, signaling more upside than it previously expected. UBS raises American Express price target
• Positive Sentiment: Barclays also lifted its price target to $364 from $322 and maintained an equal weight rating, adding to the broader bullish tone from Wall Street. Barclays issues positive forecast for American Express
• Positive Sentiment: Brokerage consensus remains favorable, with American Express continuing to carry a “Moderate Buy” recommendation overall. Consensus recommendation for American Express
• Positive Sentiment: Investor commentary has highlighted recent shareholder-friendly actions such as a higher dividend, a steady capital buffer, and Apple Pay redemption expansion, which support the long-term bull case for AXP. Amex capital return and Apple Pay push
• Neutral Sentiment: American Express also launched a Restaurant Academy with Resy and the NRAEF, a brand-building initiative that may help deepen merchant relationships but is not a near-term earnings driver. American Express launches Restaurant Academy
• Negative Sentiment: Not all commentary is upbeat: one fund letter cited American Express as a performance detractor due to AI disruption concerns, which could temper enthusiasm around the stock. Bretton Fund investor letter

American Express Stock Down 0.9%

Shares of NYSE:AXP traded down $3.32 on Tuesday, reaching $352.71. The company had a trading volume of 607,406 shares, compared to its average volume of 3,392,933. The stock has a market capitalization of $240.67 billion, a P/E ratio of 22.00, a P/E/G ratio of 1.45 and a beta of 1.04. The stock has a 50-day moving average price of $322.50 and a 200 day moving average price of $332.93. American Express Company has a twelve month low of $288.34 and a twelve month high of $387.49. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same period last year, the business earned $3.64 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts expect that American Express Company will post 17.65 EPS for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) is currently 23.71%.

Wall Street Analyst Weigh In

AXP has been the topic of several research analyst reports. Truist Financial boosted their price target on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. reduced their price objective on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. UBS Group boosted their target price on American Express from $340.00 to $386.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price target on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $368.50.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.