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

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 5th.

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 American Express NYSE: AXP 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.

American Express Stock Performance

Shares of American Express stock traded down $11.94 during trading hours on Monday, hitting $261.27. 4,261,633 shares of the company were exchanged, compared to its average volume of 2,632,049. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $183.55 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 1.41 and a beta of 1.21. The business has a 50-day moving average of $305.44 and a 200-day moving average of $288.17. American Express has a 1 year low of $214.51 and a 1 year high of $326.27.

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

American Express Increases Dividend

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

Wall Street Analyst Weigh In

AXP has been the topic of a number of analyst reports. StockNews.com downgraded American Express from a "buy" rating to a "hold" rating in a research note on Monday, January 27th. Truist Financial assumed coverage on shares of American Express in a research note on Tuesday, January 7th. They set a "buy" rating and a $350.00 price target on the stock. UBS Group raised their price objective on shares of American Express from $283.00 to $320.00 and gave the company a "neutral" rating in a research note on Monday, January 13th. Monness Crespi & Hardt upped their target price on shares of American Express from $330.00 to $355.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Citigroup upped their target price on American Express from $305.00 to $320.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $296.38.

Hedge Funds Weigh In On American Express

Several institutional investors and hedge funds have recently bought and sold shares of AXP. Norges Bank acquired a new stake in American Express during the fourth quarter worth about $1,785,867,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of American Express by 463.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,357,487 shares of the payment services company's stock worth $1,293,259,000 after purchasing an additional 3,583,959 shares during the period. Capital Research Global Investors increased its position in American Express by 186.3% during the 4th quarter. Capital Research Global Investors now owns 2,986,710 shares of the payment services company's stock worth $886,426,000 after purchasing an additional 1,943,463 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in American Express by 346.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,021,873 shares of the payment services company's stock valued at $600,072,000 after buying an additional 1,568,747 shares during the period. Finally, Proficio Capital Partners LLC lifted its position in American Express by 36,719.1% during the fourth quarter. Proficio Capital Partners LLC now owns 1,011,790 shares of the payment services company's stock valued at $300,289,000 after buying an additional 1,009,042 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

Insiders Place Their Bets

In related news, insider Raymond Joabar sold 15,179 shares of the company'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 completion of the sale, the insider now directly owns 23,866 shares of the company's stock, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the firm's stock in a transaction dated 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 directly owns 13,500 shares in the company, valued at $4,308,795. This trade represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

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.