Rep. Rick W. Allen Purchases Shares of American Express Company (NYSE:AXP)

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 Price Performance

AXP traded down $0.73 during midday trading on Thursday, reaching $341.83. 3,451,762 shares of the company’s stock were exchanged, compared to its average volume of 3,412,559. American Express Company has a 1-year low of $288.34 and a 1-year high of $387.49. The stock has a market capitalization of $233.24 billion, a PE ratio of 21.32, a P/E/G ratio of 1.39 and a beta of 1.06. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The business’s 50-day moving average price is $320.38 and its 200 day moving average price is $334.40.

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

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. The ex-dividend date 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 presently 23.71%.

More American Express News

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 with professional customers and support long-term small-business growth. Article Title
• Positive Sentiment: Truist raised its price target on American Express to $375 from $360 and reiterated a buy rating, signaling Wall Street expects further upside from current levels. Article Title
• Positive Sentiment: Recent coverage highlighted American Express as a strong performer versus the broader market and noted its appeal to affluent spenders, reinforcing investor confidence in the company’s premium cardholder mix and spending resilience. Article Title
• Neutral Sentiment: American Express announced plans to host its second-quarter 2026 earnings webcast on July 24, keeping investors focused on upcoming results and guidance rather than providing a new operational update. Article Title
• Negative Sentiment: Some articles raised concerns about whether American Express’s focus on affluent consumers can fully cushion the company if broader consumer spending weakens, which may temper enthusiasm despite the stock’s recent strength. Article Title

Institutional Investors Weigh In On American Express

Several hedge funds and other institutional investors have recently bought and sold shares of AXP. Evolution Wealth Management Inc. lifted its position in shares of American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Joseph Group Capital Management bought a new stake in American Express in the 4th quarter valued at about $26,000. Sfam LLC acquired a new position in shares of American Express during the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express during the 4th quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in American Express in the 3rd quarter valued at about $28,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AXP has been the subject of a number of recent research reports. Truist Financial lifted their price objective on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Thursday, June 18th. Barclays lowered their target price on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Morgan Stanley cut their price target on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Finally, The Goldman Sachs Group upped their price objective on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently 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.

American Express Company Profile

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.