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

Representative Rick W. Allen (Republican-Georgia) recently bought shares of American Express Company (NYSE:AXP). In a filing disclosed on June 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in American Express stock on May 8th. The trade occurred in the Representative’s “LIVTR” account.

Representative Rick W. Allen also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) on 5/8/2026.
• Sold $15,001 – $50,000 in shares of Accenture (NYSE:ACN) on 5/8/2026.
• Sold $15,001 – $50,000 in shares of Intuit (NASDAQ:INTU) on 4/16/2026.
• Sold $15,001 – $50,000 in shares of Procter & Gamble (NYSE:PG) on 4/16/2026.
• Sold $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 4/16/2026.
• Sold $15,001 – $50,000 in shares of Abbott Laboratories (NYSE:ABT) on 4/16/2026.
• Sold $50,001 – $100,000 in shares of Ameriprise Financial (NYSE:AMP) on 4/15/2026.

American Express Stock Performance

AXP stock traded up $0.97 during trading on Thursday, hitting $343.53. The company had a trading volume of 1,219,399 shares, compared to its average volume of 3,393,312. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. American Express Company has a 1-year low of $288.34 and a 1-year high of $387.49. The firm has a 50-day moving average price of $320.38 and a 200-day moving average price of $334.40. The firm has a market cap of $234.40 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.39 and a beta of 1.06.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same period in the prior year, the business earned $3.64 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts expect that American Express Company will post 17.64 earnings per share for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s payout ratio is 23.71%.

Institutional Trading of American Express

Institutional investors and hedge funds have recently bought and sold shares of the company. Evolution Wealth Management Inc. raised its stake in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after buying an additional 66 shares in the last quarter. Joseph Group Capital Management bought a new stake in American Express during the 4th quarter valued at approximately $26,000. Sfam LLC bought a new stake in shares of American Express during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in American Express in the 4th quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in American Express during the third quarter worth about $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Key Stories Impacting American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express expanded its commercial payments footprint by launching a new ABA American Express Business Card for solo lawyers and small firms, a move that could deepen relationships in a high-value professional niche and support long-term network growth. Article Title
• Positive Sentiment: Truist raised its price target on American Express to $375 from $360 and reiterated a Buy rating, reinforcing the view that the stock still has room to run from current levels. Article Title
• Positive Sentiment: Several market commentaries highlighted American Express as a strong fit for affluent consumers, and some analysts/bloggers framed the stock as a defensive way to play higher-income spending, which can help offset broader consumer weakness. Article Title
• Positive Sentiment: The company also announced a second-quarter earnings webcast, keeping attention on upcoming results and signaling that investors will soon get a fresh read on business momentum. Article Title
• Neutral Sentiment: Reports that American Express outperformed peers on a strong trading day and rose as the broader market dipped reflect relative strength, but they do not point to a new company-specific catalyst. Article Title
• Neutral Sentiment: Commentary questioning whether American Express’s affluent customer base can hold up if the economy weakens is a reminder of a potential risk, though it is more of a debate piece than a direct negative catalyst. Article Title

Wall Street Analysts Forecast Growth

AXP has been the subject of several recent analyst reports. BTIG Research restated a “sell” rating and issued a $285.00 price target on shares of American Express in a report on Tuesday, June 16th. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Thursday, June 18th. Loop Capital started coverage on shares of American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective for the company. Bank of America lifted their target price on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Express presently has an average rating of “Hold” and an average target price of $361.55.

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia’s 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia’s 12th Congressional District. He won in the general election on November 5, 2024.

Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction.

After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.