American Express Company $AXP Stock Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division reduced its stake in American Express (AXP) by 21.1% in the third quarter, selling 3,448 shares but still holding 12,925 shares valued at $3.93 million. Institutional investors collectively own 84.33% of AXP, while analysts maintain a "Hold" rating with an average price target of $364.62, despite some recent target reductions and one upgrade to "Buy" from Jefferies. American Express reported strong quarterly EPS of $4.53, exceeding estimates, and declared a qu