Financial Planning Hawaii Inc. Takes Position in American Express Company $AXP

Financial Planning Hawaii Inc. bought a new position in shares of American Express Company (NYSE:AXP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,255 shares of the payment services company’s stock, valued at approximately $834,000.

Other hedge funds have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. grew its holdings in American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after buying an additional 46 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of American Express during the third quarter worth $27,000. Guerra Advisors Inc acquired a new stake in shares of American Express during the third quarter worth $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of American Express in the third quarter valued at about $28,000. Finally, Halbert Hargrove Global Advisors LLC boosted its position in shares of American Express by 210.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 59 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Truist Financial lowered their price target on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Evercore set a $393.00 price objective on shares of American Express in a report on Tuesday, February 10th. JPMorgan Chase & Co. decreased their target price on shares of American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. UBS Group reaffirmed a “neutral” rating and set a $395.00 target price on shares of American Express in a report on Wednesday, February 4th. Finally, TD Cowen reiterated a “hold” rating on shares of American Express in a research report on Thursday, January 8th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus price target of $352.95.

American Express Stock Up 1.8%

AXP stock opened at $297.47 on Tuesday. American Express Company has a 52 week low of $220.43 and a 52 week high of $387.49. The business has a 50-day simple moving average of $328.26 and a 200 day simple moving average of $346.80. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. The company has a market cap of $204.00 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.24 and a beta of 1.15.

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

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, April 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.3%. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio (DPR) is 21.31%.

Insider Activity

In related news, insider Howard Grosfield sold 8,134 shares of American Express stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $346.73, for a total value of $2,820,301.82. Following the transaction, the insider directly owned 9,433 shares of the company’s stock, valued at $3,270,704.09. This trade represents a 46.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ravikumar Radhakrishnan sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the transaction, the insider owned 8,945 shares of the company’s stock, valued at approximately $3,189,608.10. This represents a 62.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 73,944 shares of company stock valued at $26,114,366. 0.20% of the stock is owned by insiders.

American Express Company Profile

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.