American Express (NYSE:AXP) Stock Acquired Rep. Bruce Westerman

Representative Bruce Westerman (R-Arkansas) recently bought shares of American Express NYSE: AXP. In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in American Express stock on March 3rd. The trade occurred in the Representative's "FISHER IRA" account.

Representative Bruce Westerman also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne OTCMKTS: LVMUY on 4/2/2025.
• Purchased $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/24/2025.
• Purchased $1,001 - $15,000 in shares of Mitsubishi UFJ Financial Group NYSE: MUFG on 3/21/2025.
• Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 3/21/2025.
• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/20/2025.

American Express Trading Up 4.0 %

AXP stock traded up $10.12 during trading on Wednesday, hitting $262.54. The company had a trading volume of 2,450,375 shares, compared to its average volume of 2,860,842. American Express has a 52-week low of $220.43 and a 52-week high of $326.28. The company has a 50 day simple moving average of $270.50 and a 200-day simple moving average of $287.37. The firm has a market capitalization of $184.44 billion, a P/E ratio of 18.74, a PEG ratio of 1.41 and a beta of 1.16. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64.

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

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.82 per share. This is a positive change from American Express's previous quarterly dividend of $0.70. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, April 4th. American Express's payout ratio is currently 22.91%.

Insider Buying and Selling at American Express

In related news, insider Raymond Joabar sold 15,179 shares of the firm's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the sale, the insider now owns 23,866 shares in the company, valued at approximately $7,492,492.04. This trade represents a 38.88 % 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, insider Ravikumar Radhakrishnan sold 9,485 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the transaction, the insider now owns 13,500 shares of the company's stock, valued at approximately $4,308,795. This trade represents a 41.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Investment Management Corp VA ADV purchased a new position in American Express during the 4th quarter worth approximately $29,000. Sellwood Investment Partners LLC purchased a new position in shares of American Express during the fourth quarter worth $33,000. Murphy & Mullick Capital Management Corp acquired a new position in American Express during the fourth quarter valued at $33,000. Nexus Investment Management ULC purchased a new stake in American Express in the first quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new stake in American Express during the 4th quarter worth about $37,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AXP has been the subject of a number of research reports. UBS Group upped their price objective on shares of American Express from $283.00 to $320.00 and gave the stock a "neutral" rating in a research note on Monday, January 13th. BTIG Research cut their price objective on shares of American Express from $272.00 to $240.00 and set a "sell" rating on the stock in a report on Monday. Citigroup lowered their target price on American Express from $320.00 to $300.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Wells Fargo & Company boosted their price target on American Express from $355.00 to $370.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Robert W. Baird upgraded American Express from an "underperform" rating to a "neutral" rating and set a $265.00 target price on the stock in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $295.05.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election. Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

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.