American Express (NYSE:AXP) Shares Sold by First Hawaiian Bank

First Hawaiian Bank reduced its stake in American Express (NYSE:AXP - Free Report) by 5.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,953 shares of the payment services company's stock after selling 952 shares during the period. First Hawaiian Bank's holdings in American Express were worth $4,830,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Investment Management Corp VA ADV bought a new stake in shares of American Express in the 4th quarter worth about $29,000. Sellwood Investment Partners LLC bought a new stake in shares of American Express in the 4th quarter worth about $33,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of American Express in the 4th quarter worth about $33,000. Curio Wealth LLC bought a new stake in shares of American Express in the 4th quarter worth about $37,000. Finally, Financial Life Planners bought a new stake in shares of American Express in the 4th quarter worth about $38,000. 84.33% of the stock is currently owned by institutional investors.

Insider Activity

In other American Express news, insider Howard Grosfield sold 9,450 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $275.50, for a total value of $2,603,475.00. Following the sale, the insider now directly owns 9,402 shares of the company's stock, valued at approximately $2,590,251. This represents a 50.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael J. Angelakis acquired 3,700 shares of the company's stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the completion of the transaction, the director now owns 3,700 shares in the company, valued at approximately $998,593. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company's stock.

American Express Trading Down 0.1%

NYSE:AXP traded down $0.20 on Monday, hitting $293.85. The stock had a trading volume of 743,419 shares, compared to its average volume of 3,082,357. 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 stock has a market cap of $205.87 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.41 and a beta of 1.23. The company has a fifty day moving average price of $270.91 and a two-hundred day moving average price of $288.73. American Express has a 1-year low of $220.43 and a 1-year high of $326.27.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $0.17. The business had revenue of $16.97 billion for the quarter, compared to the consensus estimate of $17.04 billion. American Express had a net margin of 15.36% and a return on equity of 32.65%. During the same period in the previous year, the firm earned $3.33 EPS. Equities research analysts expect that American Express will post 15.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $310.00 target price on shares of American Express in a research note on Monday, April 21st. Bank of America raised shares of American Express from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $325.00 to $274.00 in a research report on Friday, April 11th. Monness Crespi & Hardt upped their target price on American Express from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Citigroup reduced their price target on American Express from $320.00 to $300.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Finally, Truist Financial upped their price objective on American Express from $315.00 to $335.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $296.05.

About American Express

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.