American Express (NYSE:AXP) Stock 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 Stock Down 1.8 %

Shares of NYSE:AXP opened at $253.30 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. The business has a 50 day simple moving average of $275.21 and a two-hundred day simple moving average of $287.85. American Express has a 1 year low of $216.52 and a 1 year high of $326.28. The firm has a market capitalization of $177.95 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating 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, equities analysts predict 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. Investors of record on Friday, April 4th will be given a $0.82 dividend. This is a positive change from American Express’s previous quarterly dividend of $0.70. This represents a $3.28 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, April 4th. American Express’s dividend payout ratio is 23.41%.

Insider Activity

In other American Express 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 value of $4,765,295.26. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express 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 transaction, the insider now owns 13,500 shares of the company’s stock, valued at $4,308,795. The trade was a 41.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

AXP has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of American Express from $325.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Baird R W upgraded American Express from a “strong sell” rating to a “hold” rating in a report on Friday, March 14th. The Goldman Sachs Group lowered their target price on American Express from $367.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. StockNews.com downgraded American Express from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, HSBC raised their target price on shares of American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.