American Express (NYSE:AXP) Shares Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of American Express Company NYSE: AXP. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in American Express stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

American Express Trading Up 1.1%

AXP traded up $3.35 during mid-day trading on Friday, hitting $311.60. 2,149,317 shares of the stock were exchanged, compared to its average volume of 2,603,234. The firm's fifty day moving average is $304.91 and its two-hundred day moving average is $291.28. American Express Company has a 1-year low of $220.43 and a 1-year high of $329.14. The company has a market cap of $216.84 billion, a PE ratio of 21.87, a PEG ratio of 1.65 and a beta of 1.25. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80.

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

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Thursday, July 3rd. American Express's dividend payout ratio is presently 23.02%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America upgraded American Express from a "neutral" rating to a "buy" rating and lowered their target price for the company from $325.00 to $274.00 in a report on Friday, April 11th. Monness Crespi & Hardt cut American Express from a "buy" rating to a "neutral" rating in a report on Tuesday, July 15th. Citigroup restated a "neutral" rating and set a $327.00 target price (up from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Wells Fargo & Company set a $327.00 target price on American Express in a report on Wednesday, July 2nd. Finally, Redburn Atlantic raised American Express from a "sell" rating to a "neutral" rating and reduced their price target for the company from $270.00 to $255.00 in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, American Express has an average rating of "Hold" and a consensus price target of $311.05.

Insider Buying and Selling

In related news, insider Glenda G. Mcneal sold 3,019 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total transaction of $799,008.54. Following the transaction, the insider owned 10,919 shares in the company, valued at $2,889,822.54. This trade represents a 21.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Howard Grosfield sold 9,450 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the transaction, the insider owned 9,402 shares in the company, valued at $2,590,251. This represents a 50.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

Institutional Investors Weigh In On American Express

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kellett Wealth Advisors LLC purchased a new position in American Express during the 2nd quarter worth approximately $349,000. NorthRock Partners LLC grew its stake in American Express by 4.6% during the 2nd quarter. NorthRock Partners LLC now owns 18,206 shares of the payment services company's stock worth $5,807,000 after buying an additional 801 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in American Express by 13.6% during the 2nd quarter. Verdence Capital Advisors LLC now owns 20,855 shares of the payment services company's stock worth $6,652,000 after buying an additional 2,493 shares during the last quarter. Delaney Dennis R grew its stake in American Express by 73.6% during the 2nd quarter. Delaney Dennis R now owns 3,542 shares of the payment services company's stock worth $1,130,000 after buying an additional 1,502 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. grew its stake in American Express by 2.8% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 2,162 shares of the payment services company's stock worth $667,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About American Express

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.