American Express (NYSE:AXP) Stock 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

American Express stock traded up $6.36 during mid-day trading on Thursday, reaching $348.92. 510,485 shares of the company’s stock were exchanged, compared to its average volume of 3,386,987. American Express Company has a one year low of $288.34 and a one year high of $387.49. The firm has a market capitalization of $238.08 billion, a PE ratio of 21.88, a P/E/G ratio of 1.39 and a beta of 1.06. The business’s fifty day simple moving average is $320.38 and its 200 day simple moving average is $334.40. 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 (NYSE:AXP) last released its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts expect that American Express Company will post 17.64 earnings per share for the current year.

American Express Dividend Announcement

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

Key American Express News

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

• Positive Sentiment: Truist raised its price target on American Express to $375 from $360 and kept a Buy rating, signaling further upside from current levels.
• Positive Sentiment: American Express announced new partnerships with the American Bar Association and the NFL, which could help expand card issuance, deepen premium customer relationships, and support fee and spending growth.
• Positive Sentiment: Multiple commentary pieces highlighted American Express as a stock favored by value and dividend investors, reinforcing the view that its affluent customer mix may make earnings more resilient if consumer spending softens.
• Neutral Sentiment: The company scheduled its second-quarter 2026 earnings webcast for July 24, keeping investors focused on upcoming results and management commentary. American Express Plans Live Audio Webcast of Second-Quarter 2026 Earnings Conference Call
• Neutral Sentiment: Market articles noted AXP outperformed on a stronger trading day and rose while the broader market dipped, suggesting relative strength rather than a company-specific shock. American Express (AXP) Rises As Market Takes a Dip: Key Facts
• Negative Sentiment: Some coverage raised questions about whether American Express can keep leaning on affluent consumers if the broader economy weakens, which could pressure sentiment if spending slows. American Express Keeps Saying the Affluent Consumer Is Fine. Should Investors Trust It?

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AXP. Norges Bank bought a new position in shares of American Express during the 4th quarter valued at about $2,464,215,000. Capital World Investors grew its position in American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after acquiring an additional 2,393,340 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of American Express by 350.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,236,438 shares of the payment services company’s stock worth $373,998,000 after acquiring an additional 961,698 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of American Express by 27.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after acquiring an additional 845,283 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of American Express by 73.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company’s stock worth $438,975,000 after acquiring an additional 616,498 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AXP. JPMorgan Chase & Co. lowered their price target on shares of American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Bank of America upped their price target on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Evercore set a $345.00 price target on American Express in a research note on Wednesday, April 29th. Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a report on Friday, April 10th. Finally, BTIG Research restated a “sell” rating and set a $285.00 price target on shares of American Express in a research note on Tuesday, June 16th. One research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, American Express currently has a consensus rating of “Hold” and an average price target 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.