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

Representative Jefferson Shreve (R-Indiana) recently sold shares of American Express NYSE: AXP. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in American Express stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

American Express Price Performance

Shares of AXP stock traded up $3.53 on Tuesday, hitting $302.45. 1,504,637 shares of the company's stock were exchanged, compared to its average volume of 2,831,429. The company has a 50 day moving average of $263.48 and a 200 day moving average of $287.44. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. The stock has a market cap of $211.89 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. American Express has a 12 month low of $220.43 and a 12 month high of $326.28.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.17. The business had revenue of $16.97 billion for the quarter, compared to analyst estimates of $17.04 billion. American Express had a net margin of 15.36% and a return on equity of 32.65%. During the same quarter in the prior year, the firm posted $3.33 EPS. On average, equities research analysts predict that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 4th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.08%. This is a positive change from American Express's previous quarterly dividend of $0.70. American Express's dividend payout ratio (DPR) is 22.91%.

Institutional Trading of American Express

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ethic Inc. raised its position in shares of American Express by 1.8% during the first quarter. Ethic Inc. now owns 78,736 shares of the payment services company's stock worth $21,297,000 after acquiring an additional 1,421 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in American Express by 17.0% in the first quarter. EverSource Wealth Advisors LLC now owns 4,171 shares of the payment services company's stock worth $1,122,000 after buying an additional 605 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in American Express by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,121,172 shares of the payment services company's stock valued at $839,633,000 after buying an additional 69,057 shares during the last quarter. Horizon Investments LLC boosted its position in American Express by 2.9% during the 1st quarter. Horizon Investments LLC now owns 9,967 shares of the payment services company's stock valued at $2,673,000 after acquiring an additional 280 shares in the last quarter. Finally, Trivium Point Advisory LLC boosted its stake in American Express by 21.6% in the 1st quarter. Trivium Point Advisory LLC now owns 1,105 shares of the payment services company's stock worth $297,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 84.33% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AXP shares. Redburn Atlantic upgraded American Express from a "sell" rating to a "neutral" rating and cut their price objective for the company from $270.00 to $255.00 in a research report on Wednesday, April 23rd. StockNews.com cut American Express from a "buy" rating to a "hold" rating in a report on Monday, January 27th. Robert W. Baird raised American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price target for the company in a report on Friday, March 14th. HSBC lifted their price target on shares of American Express from $270.00 to $294.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Finally, William Blair reaffirmed an "outperform" rating on shares of American Express in a research report on Monday, April 21st. One analyst has 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.com, the company currently has an average rating of "Hold" and an average target price of $295.05.

Insider Activity at American Express

In related news, insider Howard Grosfield sold 9,450 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the sale, the insider now owns 9,402 shares in the company, valued at approximately $2,590,251. This trade represents a 50.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Angelakis purchased 3,700 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the completion of the purchase, the director now owns 3,700 shares of the company's stock, valued at approximately $998,593. This represents a ∞ increase in their position. The disclosure for this purchase 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.

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.