American Express Company $AXP Shares Acquired by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division increased its position in American Express Company (NYSE:AXP) by 23.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,373 shares of the payment services company’s stock after buying an additional 3,150 shares during the period. Central Pacific Bank Trust Division’s holdings in American Express were worth $5,538,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AXP. Canandaigua National Bank & Trust Co. acquired a new stake in American Express during the 2nd quarter worth approximately $3,495,000. Sandy Cove Advisors LLC grew its stake in American Express by 9.9% during the second quarter. Sandy Cove Advisors LLC now owns 1,640 shares of the payment services company’s stock worth $555,000 after buying an additional 148 shares during the period. Arlington Trust Co LLC grew its stake in American Express by 7.6% during the second quarter. Arlington Trust Co LLC now owns 607 shares of the payment services company’s stock worth $205,000 after buying an additional 43 shares during the period. Moody National Bank Trust Division increased its position in shares of American Express by 4.0% in the second quarter. Moody National Bank Trust Division now owns 7,897 shares of the payment services company’s stock worth $2,671,000 after acquiring an additional 302 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in shares of American Express by 2.7% in the 2nd quarter. Grove Bank & Trust now owns 7,160 shares of the payment services company’s stock valued at $2,422,000 after acquiring an additional 188 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $347.20 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The company’s fifty day moving average price is $336.35 and its two-hundred day moving average price is $328.39. The firm has a market capitalization of $234.47 billion, a P/E ratio of 21.07, a P/E/G ratio of 1.39 and a beta of 1.04. American Express Company has a 12 month low of $290.63 and a 12 month high of $387.49.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period last year, the firm earned $4.08 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts anticipate that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. American Express’s payout ratio is currently 23.06%.

Analysts Set New Price Targets

Several research firms recently weighed in on AXP. Truist Financial lifted their target price on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Barclays raised their price objective on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. UBS Group decreased their target price on American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $372.84.

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.