American Express Company $AXP Stock Sold by Central Pacific Bank Trust Division

Key Points

• Central Pacific Bank Trust Division cut its American Express stake by 21.1% in the third quarter, selling 3,448 shares and retaining 12,925 shares valued at approximately $3.93 million. Institutional investors collectively own 84.33% of AXP.
• Analyst sentiment is mixed, with American Express carrying an overall “Hold” rating and an average price target of $364.62. Recent analysts lowered targets, while Jefferies upgraded the stock to “Buy.”
• AXP opened at $304.16, near the lower end of its 52-week range, while the company reported quarterly EPS of $4.53—above estimates—and announced a quarterly dividend of $0.95 per share, equivalent to a 1.2% yield.

Central Pacific Bank Trust Division lessened its stake in American Express Company (NYSE:AXP - Free Report) by 21.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,925 shares of the payment services company's stock after selling 3,448 shares during the quarter. Central Pacific Bank Trust Division's holdings in American Express were worth $3,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of American Express during the second quarter valued at $14,208,662,000. State Street Corp lifted its stake in American Express by 40.2% during the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company's stock valued at $13,857,176,000 after acquiring an additional 11,739,541 shares during the period. Bank of America Corp DE lifted its stake in American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company's stock valued at $2,695,702,000 after acquiring an additional 614,981 shares during the period. Nuveen LLC boosted its holdings in shares of American Express by 6.0% during the 4th quarter. Nuveen LLC now owns 5,172,484 shares of the payment services company's stock valued at $1,913,560,000 after acquiring an additional 293,107 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of American Express by 1.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,806,554 shares of the payment services company's stock valued at $1,778,185,000 after acquiring an additional 83,083 shares during the last quarter. Institutional investors own 84.33% of the company's stock.

Analyst Ratings Changes

AXP has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of American Express from a "hold" rating to a "buy" rating in a research report on Monday, July 13th. Truist Financial reduced their price objective on American Express from $375.00 to $370.00 and set a "buy" rating for the company in a research report on Wednesday, September 23rd. UBS Group dropped their target price on American Express from $384.00 to $345.00 and set a "neutral" rating on the stock in a research report on Monday. Barclays reduced their price target on shares of American Express from $364.00 to $342.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, Citigroup dropped their price objective on shares of American Express from $355.00 to $340.00 and set a "neutral" rating on the stock in a report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Express presently has an average rating of "Hold" and an average target price of $364.62.

American Express Stock Up 0.5%

AXP stock opened at $304.16 on Tuesday. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The stock has a market cap of $205.40 billion, a P/E ratio of 18.46, a PEG ratio of 1.29 and a beta of 1.08. The business's 50-day moving average price is $326.85 and its 200-day moving average price is $324.77.

American Express (NYSE:AXP - Get Free Report) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $14.99 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same period in the prior year, the firm posted $4.08 EPS. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts forecast that American Express Company will post 17.68 EPS for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express's dividend payout ratio is currently 23.06%.

American Express Profile

American Express Company NYSE: AXP is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.

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