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

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 Down 3.1 %

Shares of NYSE AXP opened at $275.32 on Friday. American Express has a 52-week low of $214.51 and a 52-week high of $326.27. 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 business has a fifty day moving average of $306.00 and a two-hundred day moving average of $287.50. The stock has a market cap of $193.42 billion, a PE ratio of 19.65, a PEG ratio of 1.41 and a beta of 1.21.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts expect that American Express will post 15.33 earnings per share 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. Shareholders of record on Friday, April 4th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.19%. This is a boost from American Express’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, April 4th. American Express’s dividend payout ratio is 23.41%.

Insider Activity at American Express

In other news, insider Raymond Joabar sold 15,179 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 23,866 shares of the company’s stock, valued at $7,492,492.04. This trade represents a 38.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction that occurred 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. This represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AXP. Compass Point reduced their target price on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Evercore ISI lifted their price objective on American Express from $315.00 to $344.00 and gave the company an “in-line” rating in a research report on Monday, January 27th. StockNews.com cut American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Royal Bank of Canada lifted their price target on American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $296.38.

Institutional Trading of American Express

Several institutional investors and hedge funds have recently made changes to their positions in AXP. Van ECK Associates Corp increased its holdings in American Express by 0.4% in the third quarter. Van ECK Associates Corp now owns 47,545 shares of the payment services company’s stock valued at $12,896,000 after purchasing an additional 212 shares during the last quarter. Avidian Wealth Enterprises LLC bought a new stake in shares of American Express in the 3rd quarter valued at about $484,000. Catalina Capital Group LLC increased its stake in shares of American Express by 9.7% in the 3rd quarter. Catalina Capital Group LLC now owns 3,322 shares of the payment services company’s stock valued at $901,000 after acquiring an additional 295 shares during the last quarter. Radnor Capital Management LLC raised its position in shares of American Express by 12.3% in the 3rd quarter. Radnor Capital Management LLC now owns 45,919 shares of the payment services company’s stock valued at $12,453,000 after acquiring an additional 5,045 shares during the period. Finally, Maia Wealth LLC boosted its stake in American Express by 11.8% during the 3rd quarter. Maia Wealth LLC now owns 1,312 shares of the payment services company’s stock worth $354,000 after acquiring an additional 139 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

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.