Rep. Jefferson Shreve Unloads Shares of American Express (NYSE:AXP)

Representative Jefferson Shreve (R-Indiana) recently sold shares of American Express NYSE: AXP. In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in American Express stock on March 5th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

American Express Price Performance

Shares of AXP traded down $1.44 during mid-day trading on Friday, reaching $251.48. The stock had a trading volume of 3,906,748 shares, compared to its average volume of 2,867,825. The business has a fifty day moving average of $272.87 and a 200 day moving average of $287.71. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58. The firm has a market cap of $176.67 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.41 and a beta of 1.16. 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 released its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, beating the consensus estimate of $3.47 by $0.17. The business had revenue of $16.97 billion during the quarter, compared to the consensus estimate 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 earned $3.33 EPS. Equities 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 will be paid on Friday, May 9th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.82 per share. This is a boost from American Express's previous quarterly dividend of $0.70. The ex-dividend date is Friday, April 4th. This represents a $3.28 dividend on an annualized basis and a yield of 1.30%. American Express's dividend payout ratio (DPR) is presently 22.91%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Compass Point reduced their price target on American Express from $325.00 to $309.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Argus downgraded American Express from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 14th. Evercore ISI boosted their target price on shares of American Express from $315.00 to $344.00 and gave the company an "in-line" rating in a research note on Monday, January 27th. Morgan Stanley raised their price target on shares of American Express from $305.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Monday, January 27th. Finally, Bank of America raised shares of American Express from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $325.00 to $274.00 in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $294.90.

Insider Activity at American Express

In related news, Director Michael J. Angelakis purchased 3,700 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average price of $269.89 per share, with a total value of $998,593.00. Following the purchase, the director now owns 3,700 shares of the company's stock, valued at $998,593. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the transaction, the insider now owns 23,866 shares of the company's stock, valued at $7,492,492.04. This represents a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Express

Hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. grew its stake in American Express by 16.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,266 shares of the payment services company's stock valued at $614,000 after purchasing an additional 324 shares during the last quarter. TD Private Client Wealth LLC boosted its position in American Express by 6.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 13,794 shares of the payment services company's stock worth $3,741,000 after purchasing an additional 870 shares in the last quarter. Soltis Investment Advisors LLC increased its holdings in shares of American Express by 22.1% during the 3rd quarter. Soltis Investment Advisors LLC now owns 2,326 shares of the payment services company's stock valued at $631,000 after purchasing an additional 421 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of American Express in the 3rd quarter valued at $1,296,000. Finally, SOA Wealth Advisors LLC. boosted its holdings in American Express by 2.7% during the third quarter. SOA Wealth Advisors LLC. now owns 8,031 shares of the payment services company's stock worth $2,178,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

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.