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

Representative Jefferson Shreve (R-Indiana) recently bought shares of American Express Company NYSE: AXP. In a filing disclosed on June 22nd, the Representative disclosed that they had bought between $15,001 and $50,000 in American Express stock on May 8th. 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 Stock Up 1.1%

NYSE:AXP traded up $3.35 during trading hours on Friday, reaching $311.60. 2,149,317 shares of the company traded hands, compared to its average volume of 2,726,029. The stock has a market capitalization of $216.84 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.65 and a beta of 1.25. The business's 50-day moving average price is $304.91 and its two-hundred day moving average price is $291.36. American Express Company has a 1 year low of $220.43 and a 1 year high of $329.14. The company has a current ratio of 1.61, a quick ratio of 1.69 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results 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 business had revenue of $17.86 billion during the quarter, compared to analyst estimates of $17.70 billion. American Express had a return on equity of 32.87% and a net margin of 14.78%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.49 EPS. Analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be paid 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 of this dividend is Thursday, July 3rd. American Express's payout ratio is 23.02%.

Hedge Funds Weigh In On American Express

Several large investors have recently made changes to their positions in the business. Capital Asset Advisory Services LLC lifted its position in shares of American Express by 2.8% in the second quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company's stock valued at $384,000 after acquiring an additional 32 shares in the last quarter. DLK Investment Management LLC lifted its position in shares of American Express by 3.8% in the second quarter. DLK Investment Management LLC now owns 869 shares of the payment services company's stock worth $277,000 after buying an additional 32 shares in the last quarter. Trillium Asset Management LLC lifted its position in shares of American Express by 1.4% in the fourth quarter. Trillium Asset Management LLC now owns 2,449 shares of the payment services company's stock worth $727,000 after buying an additional 35 shares in the last quarter. Zions Bancorporation N.A. lifted its position in shares of American Express by 2.4% in the fourth quarter. Zions Bancorporation N.A. now owns 1,510 shares of the payment services company's stock worth $448,000 after buying an additional 35 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. lifted its position in shares of American Express by 4.7% in the first quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company's stock worth $208,000 after buying an additional 35 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Express

In other American Express news, insider Howard Grosfield sold 9,450 shares of the company'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 transaction of $2,603,475.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Glenda G. Mcneal sold 3,019 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 10,919 shares in the company, valued at approximately $2,889,822.54. This trade represents a 21.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company set a $327.00 target price on American Express in a report on Wednesday, July 2nd. Monness Crespi & Hardt lowered American Express from a "buy" rating to a "neutral" rating in a report on Tuesday, July 15th. William Blair reaffirmed an "outperform" rating on shares of American Express in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods lifted their price objective on American Express from $360.00 to $371.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Finally, Redburn Atlantic raised American Express from a "sell" rating to a "neutral" rating and cut their price objective for the stock from $270.00 to $255.00 in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $311.05.

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.

American Express Company 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.