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

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 Price Performance

Shares of American Express stock opened at $275.32 on Friday. American Express has a 1-year low of $214.51 and a 1-year high of $326.27. The firm has a fifty day simple moving average of $306.00 and a 200-day simple moving average of $287.50. 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 $193.42 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.41 and a beta of 1.21.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping the consensus estimate 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, sell-side analysts expect that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The business also recently declared 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 represents a $3.28 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, April 4th. This is an increase from American Express’s previous quarterly dividend of $0.70. American Express’s dividend payout ratio is 23.41%.

Analysts Set New Price Targets

AXP has been the topic of several research reports. Compass Point lowered their price target on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Monness Crespi & Hardt upped their target price on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods lifted their target price on shares of American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Wells Fargo & Company raised their price target on shares of American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Evercore ISI upped their price objective on American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $296.38.

Insider Buying and Selling at American Express

In other news, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $3,027,327.45. Following the completion of the sale, the insider now owns 13,500 shares of the company’s stock, 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. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On American Express

Several institutional investors have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. acquired a new stake in American Express in the 4th quarter valued at approximately $832,000. World Investment Advisors LLC raised its holdings in shares of American Express by 430.6% in the third quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock valued at $1,292,000 after purchasing an additional 3,867 shares during the last quarter. Keybank National Association OH lifted its position in shares of American Express by 3.7% in the fourth quarter. Keybank National Association OH now owns 349,937 shares of the payment services company’s stock worth $103,858,000 after purchasing an additional 12,364 shares in the last quarter. XML Financial LLC boosted its holdings in American Express by 9.8% during the third quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock worth $306,000 after purchasing an additional 101 shares during the last quarter. Finally, LVM Capital Management Ltd. MI grew its position in American Express by 3.1% in the fourth quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock valued at $25,626,000 after purchasing an additional 2,557 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

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

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.