Anna Marrs, Group President of Global Merchant and Network Services at American Express Co. (NYSE:AXP), a prominent player in the Consumer Finance industry with a market capitalization of $194 billion, recently executed a series of stock transactions, according to a recent SEC filing. InvestingPro analysis indicates the stock is trading near its Fair Value, with a solid financial health score rated as "GOOD." On March 4, Marrs sold a total of 22,955 shares of American Express common stock, generating approximately $6.3 million. The shares were sold at prices ranging from $285.00 to $291.50. The transaction comes as American Express maintains its 55-year streak of consistent dividend payments, currently yielding 1.15%.
Prior to these sales, Marrs exercised options to acquire 16,274 shares of American Express stock at a price of $177.06 per share. This exercise was part of a pre-established 10b5-1 trading plan adopted in December 2024. Following these transactions, Marrs holds 25,760.534 shares directly. For comprehensive insider trading analysis and additional insights, access the full American Express Pro Research Report on InvestingPro.
In other recent news, American Express has announced a 17% increase in its quarterly dividend, raising it by $0.12 to $0.82 per common share. This decision, effective May 9, 2025, reflects the company’s financial performance and its strategy to deliver value to investors. Additionally, American Express has issued $3 billion in new notes, including $1.45 billion of 5.085% fixed-to-floating rate notes due in 2031 and $1.25 billion of 5.442% fixed-to-floating rate notes maturing in 2036. This issuance, part of the company’s broader financing strategy, aims to provide additional capital for long-term financing needs.
Furthermore, American Express has appointed Michael Angelakis to its Board of Directors. Angelakis, who has a background in corporate finance and strategic investments, will serve on the company’s Audit and Compliance Committee. These recent developments come amidst broader regulatory changes that may impact financial firms, including American Express. President Trump’s appointment of Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau is expected to influence rulings on credit card fees and other regulations. These changes could have implications for credit card companies, including American Express, as the agency’s future actions unfold.
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