Rep. Rick Larsen Buys American Express (NYSE:AXP) Shares

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 Performance

Shares of American Express stock opened at $253.30 on Thursday. The business’s fifty day simple moving average is $275.21 and its 200-day simple moving average is $287.85. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The firm has a market cap 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 has a 52 week low of $216.52 and a 52 week high of $326.28.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.17. American Express had a net margin of 15.36% and a return on equity of 32.65%. During the same quarter in the previous year, the firm earned $3.33 earnings per share. Equities analysts forecast that American Express will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently announced 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. This is a boost from American Express’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, April 4th. This represents a $3.28 annualized dividend and a yield of 1.29%. American Express’s dividend payout ratio (DPR) is 23.41%.

Wall Street Analyst Weigh In

A number of research firms have commented on AXP. Wells Fargo & Company upped their price target on American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Robert W. Baird raised American Express from an “underperform” rating to a “neutral” rating and set a $265.00 target price for the company in a research report on Friday, March 14th. William Blair reissued an “outperform” rating on shares of American Express in a research report on Monday, January 27th. Keefe, Bruyette & Woods lifted their price objective on shares of American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of American Express from $325.00 to $244.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Two 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 MarketBeat, the stock has an average rating of “Hold” and an average target price of $296.81.

Institutional Investors Weigh In On American Express

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in American Express by 2.3% during 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 buying an additional 268,572 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of American Express by 1.1% during the 4th 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 in the last quarter. Northern Trust Corp increased its holdings in American Express by 16.3% in the fourth quarter. Northern Trust Corp now owns 6,825,135 shares of the payment services company’s stock valued at $2,025,632,000 after buying an additional 955,811 shares in the last quarter. Norges Bank acquired a new position in American Express during the fourth quarter worth $1,785,867,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in American Express by 8.9% in the fourth 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 valued at $1,488,482,000 after purchasing an additional 408,283 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Activity

In other news, insider Raymond Joabar sold 15,179 shares of the stock in a transaction that occurred 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 in the company, valued at $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 is available through the SEC website. Also, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction that occurred on Wednesday, February 5th. The stock was 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. This represents a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

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.