Rep. Marjorie Taylor Greene Purchases Shares of American Express (NYSE:AXP)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of American Express NYSE: AXP. In a filing disclosed on May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in American Express stock on May 5th. The trade occurred in the Representative's "MARJORIE IRA" account.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Occidental Petroleum NYSE: OXY on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of MercadoLibre NASDAQ: MELI on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of BHP Group NYSE: BHP on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 5/5/2025.

American Express Stock Up 0.3 %

AXP opened at $276.26 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. American Express has a 12 month low of $220.43 and a 12 month high of $326.28. The stock's 50 day moving average price is $263.38 and its 200 day moving average price is $286.82. The stock has a market cap of $193.54 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.41 and a beta of 1.23.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.17. The business had revenue of $16.97 billion for the quarter, compared to analysts' expectations of $17.04 billion. American Express had a net margin of 15.36% and a return on equity of 32.65%. During the same period in the previous year, the business earned $3.33 earnings per share. As a group, research analysts predict that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.19%. This is a positive change from American Express's previous quarterly dividend of $0.70. The ex-dividend date is Friday, April 4th. American Express's dividend payout ratio is 22.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AXP. Opal Wealth Advisors LLC increased its holdings in shares of American Express by 1.6% during the fourth quarter. Opal Wealth Advisors LLC now owns 2,142 shares of the payment services company's stock worth $636,000 after purchasing an additional 33 shares during the period. Catalina Capital Group LLC grew its position in American Express by 1.0% during the fourth quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company's stock worth $996,000 after buying an additional 34 shares in the last quarter. Boston Financial Mangement LLC raised its holdings in American Express by 0.9% in the 4th quarter. Boston Financial Mangement LLC now owns 4,007 shares of the payment services company's stock valued at $1,189,000 after acquiring an additional 34 shares in the last quarter. Sunflower Bank N.A. lifted its position in shares of American Express by 0.9% during the 4th quarter. Sunflower Bank N.A. now owns 4,054 shares of the payment services company's stock valued at $1,203,000 after acquiring an additional 35 shares during the period. Finally, Foster & Motley Inc. lifted its position in shares of American Express by 2.1% during the 4th quarter. Foster & Motley Inc. now owns 1,716 shares of the payment services company's stock valued at $509,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors own 84.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AXP shares. Robert W. Baird upgraded shares of American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price objective on the stock in a research note on Friday, March 14th. Argus cut American Express from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 14th. Royal Bank of Canada restated an "outperform" rating and issued a $310.00 price objective on shares of American Express in a report on Monday, April 21st. The Goldman Sachs Group lowered their target price on American Express from $367.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Finally, Truist Financial cut their price target on shares of American Express from $340.00 to $315.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $295.05.

Insider Transactions at American Express

In other 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 completion of the transaction, the insider now owns 9,402 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Glenda G. Mcneal sold 3,019 shares of American Express stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total value of $799,008.54. Following the transaction, the insider now directly owns 10,919 shares in the company, valued at $2,889,822.54. The trade was 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.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2026 election.

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.

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