Top Buys by Directors: Angelakis's $998.6K Bet on AXP

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $998.6K by Michael J. Angelakis, Director at American Express Co. (Symbol: AXP).

Purchased	Insider	Title	Shares	Price/Share	Value
03/07/2025	Michael J. Angelakis	Director	3,700	$269.89	$998,593.00

Angelakis’s average cost works out to $269.89/share. In trading on Tuesday, bargain hunters could buy shares of American Express Co. (Symbol: AXP) and achieve a cost basis lower than Angelakis, with shares changing hands as low as $253.85 per share. Shares of American Express Co. were changing hands at $255.97 at last check, trading off about 2.1% on Tuesday. The chart below shows the one year performance of AXP shares, versus its 200 day moving average:

American Express Co. Chart

Looking at the chart above, AXP’s low point in its 52 week range is $214.5148 per share, with $326.275 as the 52 week high point — that compares with a last trade of $255.97.

The current annualized dividend paid by American Express Co. is $3.28/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 04/04/2025. Below is a long-term dividend history chart for AXP, which can be of good help in judging whether the most recent dividend with approx. 1.3% annualized yield is likely to continue.

AXP+Dividend+History+Chart