Financial Planning Hawaii Inc. Makes New Investment in American Express Company $AXP

Financial Planning Hawaii Inc. bought a new position in American Express Company (NYSE:AXP) in the fourth quarter, Holdings Channel.com reports. The firm bought 2,255 shares of the payment services company’s stock, valued at approximately $834,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in American Express by 27.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after purchasing an additional 845,283 shares during the last quarter. 1832 Asset Management L.P. boosted its position in American Express by 46,746.2% in the second quarter. 1832 Asset Management L.P. now owns 542,479 shares of the payment services company’s stock valued at $173,040,000 after buying an additional 541,321 shares in the last quarter. Amundi grew its stake in shares of American Express by 23.9% during the third quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock worth $925,449,000 after buying an additional 537,205 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of American Express by 13.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,342,556 shares of the payment services company’s stock worth $1,385,188,000 after buying an additional 530,967 shares during the last quarter. Finally, Danske Bank A S acquired a new position in shares of American Express during the third quarter worth $153,292,000. 84.33% of the stock is owned by institutional investors.

Insider Buying and Selling

In other American Express news, insider Denise Pickett sold 23,385 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the completion of the sale, the insider owned 7,754 shares of the company’s stock, valued at approximately $2,767,480.14. This represents a 75.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Howard Grosfield sold 8,134 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the completion of the sale, the insider directly owned 9,433 shares in the company, valued at approximately $3,270,704.09. This represents a 46.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 73,944 shares of company stock valued at $26,114,366. Insiders own 0.20% of the company’s stock.

American Express Stock Performance

NYSE AXP opened at $297.47 on Tuesday. The company has a market capitalization of $204.00 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.24 and a beta of 1.15. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The stock has a fifty day simple moving average of $328.26 and a 200 day simple moving average of $346.80.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing the consensus estimate of $3.54 by ($0.01). American Express had a return on equity of 33.49% and a net margin of 15.00%.The company had revenue of ($17,139.00) million for the quarter, compared to analyst estimates of $18.91 billion. During the same period in the previous year, the firm posted $3.04 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be paid a $0.95 dividend. This is an increase from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, April 2nd. American Express’s payout ratio is presently 21.31%.

Wall Street Analysts Forecast Growth

AXP has been the topic of several recent research reports. Truist Financial cut their price objective on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. JPMorgan Chase & Co. lowered their target price on American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Credit Suisse Group set a $328.00 price target on American Express in a research note on Monday, January 12th. Royal Bank Of Canada restated an “outperform” rating on shares of American Express in a report on Monday, March 16th. Finally, Wells Fargo & Company upped their price objective on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express presently has an average rating of “Hold” and an average target price of $352.95.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.