First Hawaiian Bank Trims Position in American Express (NYSE:AXP)

First Hawaiian Bank reduced its position in American Express (NYSE:AXP - Free Report) by 5.0% in the 1st quarter, according to its most recent 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in shares of American Express in the 4th quarter valued at about $29,000. Sellwood Investment Partners LLC purchased a new stake in American Express during the 4th quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in American Express during the 4th quarter valued at approximately $33,000. Curio Wealth LLC purchased a new stake in American Express during the 4th quarter valued at approximately $37,000. Finally, Financial Life Planners purchased a new stake in American Express during the 4th quarter valued at approximately $38,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Express

In other American Express news, insider Howard Grosfield sold 9,450 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the transaction, the insider now owns 9,402 shares of the company's stock, valued at $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 through this link. Also, Director Michael J. Angelakis purchased 3,700 shares of American Express stock in a transaction on Friday, March 7th. The shares were acquired at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the purchase, the director now owns 3,700 shares in the company, valued at approximately $998,593. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on AXP shares. Redburn Atlantic raised American Express from a "sell" rating to a "neutral" rating and reduced their price objective for the company from $270.00 to $255.00 in a research note on Wednesday, April 23rd. 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 note on Friday, May 23rd. Robert W. Baird raised American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price objective for the company in a research note on Friday, March 14th. Baird R W raised American Express from a "strong sell" rating to a "hold" rating in a research note on Friday, March 14th. Finally, Wells Fargo & Company increased their target price on American Express from $355.00 to $370.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. One investment 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, American Express currently has an average rating of "Hold" and a consensus target price of $296.05.

American Express Price Performance

Shares of AXP traded down $1.34 on Friday, reaching $294.04. The stock had a trading volume of 5,251,732 shares, compared to its average volume of 2,856,123. The firm has a market capitalization of $206.00 billion, a PE ratio of 20.99, a PEG ratio of 1.41 and a beta of 1.23. 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 50-day moving average of $270.91 and a 200 day moving average of $288.72. American Express has a twelve month low of $220.43 and a twelve month high of $326.28.

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 for the quarter, topping analysts' consensus estimates of $3.47 by $0.17. The business had revenue of $16.97 billion for the quarter, compared to analysts' expectations of $17.04 billion. American Express had a return on equity of 32.65% and a net margin of 15.36%. During the same quarter in the prior year, the firm posted $3.33 EPS. Sell-side analysts expect that American Express will post 15.33 EPS for the current year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 4th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Friday, April 4th. This is a boost from American Express's previous quarterly dividend of $0.70. American Express's dividend payout ratio is 22.91%.

American Express 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.