Rep. Jefferson Shreve Sells American Express (NYSE:AXP) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of American Express (NYSE:AXP). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in American Express stock on March 5th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

American Express Price Performance

Shares of American Express stock traded up $3.03 during trading on Tuesday, hitting $258.41. 812,315 shares of the stock traded hands, compared to its average volume of 2,875,921. The stock has a market cap of $181.54 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 1.41 and a beta of 1.16. 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 52 week low of $216.51 and a 52 week high of $326.28. The firm’s fifty day moving average is $277.72 and its 200-day moving average is $288.30.

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, beating 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%. Research analysts expect 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. Shareholders of record on Friday, April 4th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.28 annualized dividend and a yield of 1.27%. This is a positive change from American Express’s previous quarterly dividend of $0.70. American Express’s payout ratio is 23.41%.

Hedge Funds Weigh In On American Express

A number of institutional investors have recently bought and sold shares of AXP. Investment Management Corp VA ADV bought a new stake in shares of American Express during the 4th quarter valued at $29,000. Sellwood Investment Partners LLC purchased a new stake in shares of American Express during the fourth quarter worth about $33,000. Murphy & Mullick Capital Management Corp bought a new stake in American Express during the 4th quarter valued at approximately $33,000. Nexus Investment Management ULC bought a new position in American Express in the 1st quarter worth approximately $34,000. Finally, Curio Wealth LLC purchased a new stake in American Express during the 4th quarter valued at approximately $37,000. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on AXP shares. Truist Financial cut their price target on shares of American Express from $350.00 to $343.00 and set a “buy” rating for the company in a research report on Friday, April 4th. Evercore ISI increased 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. UBS Group increased their price target on shares of American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Royal Bank of Canada increased their target price on shares of American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. Finally, HSBC increased their price objective on American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $296.81.

Insider Buying and Selling at American Express

In related news, insider Ravikumar Radhakrishnan sold 9,485 shares of the 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 sale, the insider now directly owns 13,500 shares of the company’s stock, valued at $4,308,795. This represents a 41.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael J. Angelakis purchased 3,700 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $269.89 per share, with a total value of $998,593.00. Following the completion of the purchase, the director now directly owns 3,700 shares in the company, valued at $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.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.