American Express (NYSE:AXP) Stock Acquired Sen. John Boozman

Senator John Boozman (R-Arkansas) recently bought shares of American Express NYSE: AXP. In a filing disclosed on March 06th, the Senator disclosed that they had bought between $1,001 and $15,000 in American Express stock on February 26th.

Senator John Boozman also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Sprott Lithium Miners ETF NASDAQ: LITP on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Invesco Short Term Treasury ETF NYSEARCA: TBLL on 2/26/2025.
• Sold $1,001 - $15,000 in shares of First Trust Global Tactical Commodity Strategy Fund NASDAQ: FTGC on 2/26/2025.
• Sold $1,001 - $15,000 in shares of First Trust North American Energy Infrastructure Fund NYSEARCA: EMLP on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Motorola Solutions NYSE: MSI on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Ecolab NYSE: ECL on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 2/26/2025.
• Sold $1,001 - $15,000 in shares of iShares S&P 500 Growth ETF NYSEARCA: IVW on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Sprott Uranium Miners ETF NYSEARCA: URNM on 2/25/2025.

American Express Stock Performance

American Express stock traded down $11.94 during trading hours on Monday, hitting $261.27. The stock had a trading volume of 4,261,633 shares, compared to its average volume of 2,632,049. The company has a 50-day moving average of $305.44 and a two-hundred day moving average of $288.17. 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 has a fifty-two week low of $214.51 and a fifty-two week high of $326.27. The company has a market cap of $183.55 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.41 and a beta of 1.21.

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American Express (NYSE:AXP - Get Free Report) last issued its earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating analysts' consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. On average, equities research analysts anticipate that American Express will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 4th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.26%. This is a positive change from American Express's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, April 4th. American Express's payout ratio is currently 23.41%.

Institutional Trading of American Express

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC raised its stake 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 buying an additional 33 shares during the last quarter. Catalina Capital Group LLC raised its position in shares of American Express by 1.0% during the 4th quarter. Catalina Capital Group LLC now owns 3,356 shares of the payment services company's stock valued at $996,000 after acquiring an additional 34 shares during the last quarter. Boston Financial Mangement LLC lifted its stake in shares of 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 purchasing an additional 34 shares during the period. Auxier Asset Management grew its stake in shares of American Express by 0.5% during the third quarter. Auxier Asset Management now owns 7,133 shares of the payment services company's stock worth $1,934,000 after purchasing an additional 35 shares during the period. Finally, Abel Hall LLC increased its holdings in American Express by 3.6% in the third quarter. Abel Hall LLC now owns 1,011 shares of the payment services company's stock valued at $274,000 after purchasing an additional 35 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Insider Buying and Selling at American Express

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value 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 $4,308,795. The trade was a 41.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Raymond Joabar sold 15,179 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the sale, the insider now directly owns 23,866 shares in the company, valued at $7,492,492.04. The trade was a 38.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AXP. Evercore ISI lifted 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 report on Monday, January 27th. Truist Financial started coverage on American Express in a report on Tuesday, January 7th. They set a "buy" rating and a $350.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on American Express from $301.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Morgan Stanley upped their price target on American Express from $305.00 to $310.00 and gave the company an "equal weight" rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of American Express from $350.00 to $360.00 and gave the company an "outperform" rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $296.38.

About Senator Boozman

John Boozman (Republican Party) is a member of the U.S. Senate from Arkansas. He assumed office on January 3, 2011. His current term ends on January 3, 2029. Boozman (Republican Party) ran for re-election to the U.S. Senate to represent Arkansas. He won in the general election on November 8, 2022. Boozman won re-election in 2016. He faced Democrat Conner Eldridge, Libertarian Frank Gilbert, and write-in candidate Jason Tate in the general election. Arkansas' U.S. Senate race was rated as safely Republican in 2016. Boozman began his political career in the U.S. House. He won a special election in 2001 and served in that position until his election to the Senate in 2010. Prior to his political career, Boozman worked as an optometrist. As of a 2014 analysis of multiple outside rankings, Boozman is an average Republican member of Congress, meaning he will vote with the Republican Party on the majority of bills. Below is an abbreviated outline of Boozman's academic, professional, and political career: 2011-Present: U.S. Senator from Arkansas 2001-2011: U.S. Representative from Arkansas 1977: Graduated from Southern College of Optometry

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.