First Hawaiian Bank increased its position in shares of American Express (NYSE:AXP) by 25.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,506 shares of the payment services company’s stock after buying an additional 4,179 shares during the period. First Hawaiian Bank’s holdings in American Express were worth $1,954,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Tiedemann Advisors LLC grew its holdings in American Express by 55.4% during the 2nd quarter. Tiedemann Advisors LLC now owns 18,749 shares of the payment services company’s stock worth $1,837,000 after acquiring an additional 6,684 shares in the last quarter. TIAA FSB grew its holdings in American Express by 9.2% during the 3rd quarter. TIAA FSB now owns 44,144 shares of the payment services company’s stock worth $4,700,000 after acquiring an additional 3,727 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in American Express by 11.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 184,171 shares of the payment services company’s stock worth $18,049,000 after acquiring an additional 18,351 shares in the last quarter. Third Point LLC acquired a new position in American Express during the 3rd quarter worth $532,450,000. Finally, Advisor Partners LLC grew its holdings in American Express by 6.6% during the 3rd quarter. Advisor Partners LLC now owns 21,502 shares of the payment services company’s stock worth $2,290,000 after acquiring an additional 1,323 shares in the last quarter. 82.83% of the stock is owned by institutional investors.
American Express stock opened at $98.55 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.58. The stock has a market cap of $84.43 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.15 and a beta of 1.14. American Express has a 52-week low of $87.54 and a 52-week high of $114.55.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Friday, January 4th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Thursday, January 3rd. American Express’s payout ratio is 26.58%.
Several research analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of American Express from $113.00 to $111.00 and set an “equal weight” rating for the company in a report on Tuesday. Zacks Investment Research lowered shares of American Express from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Wells Fargo & Co decreased their price target on shares of American Express from $122.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, January 3rd. Bank of America lowered shares of American Express from a “buy” rating to a “neutral” rating and decreased their price target for the company from $125.00 to $115.00 in a report on Wednesday, December 19th. Finally, Barclays set a $118.00 price target on shares of American Express and gave the company a “hold” rating in a report on Friday, December 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $111.43.
In other American Express news, Chairman Stephen J. Squeri sold 12,500 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $103.84, for a total transaction of $1,298,000.00. Following the completion of the transaction, the chairman now directly owns 209,957 shares of the company’s stock, valued at approximately $21,801,934.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.
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American Express Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
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