American Express (NYSE:AXP) Stock 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 Price Performance

American Express stock traded up $3.35 during midday trading on Friday, reaching $311.60. The company's stock had a trading volume of 2,149,317 shares, compared to its average volume of 2,726,029. The firm has a market capitalization of $216.84 billion, a PE ratio of 21.87, a P/E/G ratio of 1.65 and a beta of 1.25. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $329.14. The stock's 50 day simple moving average is $304.91 and its 200 day simple moving average is $291.36. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.69 and a current ratio of 1.61.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.86 by $0.22. The business had revenue of $17.86 billion during the quarter, compared to the consensus estimate of $17.70 billion. American Express had a net margin of 14.78% and a return on equity of 32.87%. The business's revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.49 EPS. On average, equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors 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 yield of 1.05%. The ex-dividend date is Thursday, July 3rd. American Express's dividend payout ratio is presently 23.02%.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of research reports. Truist Financial lifted their price target on shares of American Express from $335.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. William Blair reaffirmed an "outperform" rating on shares of American Express in a report on Wednesday, July 2nd. Morgan Stanley upped their target price on American Express from $250.00 to $311.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Wells Fargo & Company set a $327.00 price target on American Express in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of American Express in a research note on Monday, July 14th. 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 company's stock. Based on data from MarketBeat, American Express has a consensus rating of "Hold" and a consensus target price of $311.05.

Hedge Funds Weigh In On American Express

Several large investors have recently added to or reduced their stakes in AXP. Keybank National Association OH boosted its position in shares of American Express by 3.7% in the fourth quarter. Keybank National Association OH now owns 349,937 shares of the payment services company's stock worth $103,858,000 after acquiring an additional 12,364 shares during the last quarter. Principal Financial Group Inc. raised its stake in American Express by 5.5% during the first quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company's stock worth $183,037,000 after purchasing an additional 35,295 shares during the period. Pinnacle Financial Partners Inc boosted its holdings in shares of American Express by 1.4% in the 1st quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company's stock valued at $45,243,000 after purchasing an additional 2,259 shares during the last quarter. Edge Capital Group LLC boosted its holdings in shares of American Express by 20.9% in the 4th quarter. Edge Capital Group LLC now owns 6,451 shares of the payment services company's stock valued at $1,915,000 after purchasing an additional 1,113 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of American Express by 6.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,458 shares of the payment services company's stock valued at $25,088,000 after buying an additional 5,693 shares during the period. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Express

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

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.