American Express (NYSE:AXP) Shares Acquired Rep. Rick Larsen

Representative Rick Larsen (D-Washington) recently bought shares of American Express (NYSE:AXP). In a filing disclosed on April 15th, the Representative disclosed that they had bought between $1,001 and $15,000 in American Express stock on April 9th.

Representative Rick Larsen also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 4/9/2025.

American Express Trading Up 0.5 %

Shares of NYSE AXP traded up $1.27 during midday trading on Thursday, hitting $254.19. The company’s stock had a trading volume of 1,517,356 shares, compared to its average volume of 2,879,339. The business’s 50 day moving average is $275.21 and its two-hundred day moving average is $287.85. The firm has a market cap of $178.57 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. American Express has a 12-month low of $216.52 and a 12-month high of $326.28.

American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.17. 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 firm earned $3.33 EPS. As a group, equities research analysts expect that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 4th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.28 annualized dividend and a yield of 1.29%. This is an increase from American Express’s previous quarterly dividend of $0.70. American Express’s dividend payout ratio (DPR) is presently 23.41%.

Hedge Funds Weigh In On American Express

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of American Express by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 11,752,084 shares of the payment services company’s stock worth $3,484,312,000 after purchasing an additional 268,572 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of American Express by 1.1% during the 4th quarter. Fisher Asset Management LLC now owns 8,761,336 shares of the payment services company’s stock worth $2,600,277,000 after acquiring an additional 95,927 shares in the last quarter. Northern Trust Corp raised its position in shares of American Express by 16.3% during the 4th quarter. Northern Trust Corp now owns 6,825,135 shares of the payment services company’s stock worth $2,025,632,000 after acquiring an additional 955,811 shares in the last quarter. Norges Bank purchased a new stake in American Express during the fourth quarter worth approximately $1,785,867,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in American Express by 8.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,015,269 shares of the payment services company’s stock valued at $1,488,482,000 after purchasing an additional 408,283 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

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 that occurred 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 in the company, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael J. Angelakis bought 3,700 shares of the stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $269.89 per share, for a total transaction of $998,593.00. Following the completion of the transaction, the director now owns 3,700 shares of the company’s stock, valued at approximately $998,593. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AXP. Argus downgraded shares of American Express from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on American Express from $325.00 to $244.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. BTIG Research lifted their price objective on American Express from $266.00 to $270.00 and gave the company a “sell” rating in a report on Friday, January 24th. Baird R W upgraded American Express from a “strong sell” rating to a “hold” rating in a report on Friday, March 14th. Finally, Wells Fargo & Company raised their price target on shares of American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, American Express has a consensus rating of “Hold” and an average target price of $296.81.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington’s 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2027.

Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington’s 2nd Congressional District. He declared candidacy for the 2026 election.

Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure.

Larsen’s first position as an elected official was in 1998 as a member of the Snohomish County Council.

Larsen earned his bachelor’s degree from Pacific Lutheran University. After earning his master’s degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

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.