Robeco Institutional Asset Management B.V. Lowers Position in American Express (NYSE:AXP)

Robeco Institutional Asset Management B.V. cut its holdings in shares of American Express (NYSE:AXP) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 521,016 shares of the payment services company’s stock after selling 26,035 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of American Express worth $154,632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AXP. World Investment Advisors LLC boosted its holdings in American Express by 430.6% during the 3rd quarter. World Investment Advisors LLC now owns 4,765 shares of the payment services company’s stock valued at $1,292,000 after acquiring an additional 3,867 shares during the period. XML Financial LLC boosted its holdings in American Express by 9.8% during the 3rd quarter. XML Financial LLC now owns 1,127 shares of the payment services company’s stock valued at $306,000 after acquiring an additional 101 shares during the period. LVM Capital Management Ltd. MI boosted its holdings in American Express by 3.1% during the 4th quarter. LVM Capital Management Ltd. MI now owns 86,344 shares of the payment services company’s stock valued at $25,626,000 after acquiring an additional 2,557 shares during the period. Nordea Investment Management AB boosted its holdings in American Express by 12.7% during the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock valued at $655,137,000 after acquiring an additional 247,864 shares during the period. Finally, Founders Grove Wealth Partners LLC purchased a new position in American Express during the 4th quarter valued at about $298,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Express

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of American Express stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at approximately $1,952,286.84. This trade represents a 48.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AXP. Compass Point lowered their target price on American Express from $325.00 to $309.00 and set a “neutral” rating for the company in a report on Monday. The Goldman Sachs Group lifted their price objective on American Express from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. lifted their price objective on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Monness Crespi & Hardt lifted their price objective on American Express from $330.00 to $355.00 and gave the company a “buy” rating in a research note on Monday. Finally, TD Cowen lifted their price objective on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $291.50.

American Express Trading Up 0.3 %

AXP opened at $317.24 on Wednesday. The firm has a market cap of $223.48 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. American Express has a 52 week low of $199.07 and a 52 week high of $326.27. The business’s 50 day moving average is $303.60 and its two-hundred day moving average is $276.27. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.46% and a net margin of 15.32%. On average, research analysts predict that American Express will post 13.4 EPS for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 3rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.80 annualized dividend and a dividend yield of 0.88%. American Express’s dividend payout ratio (DPR) is currently 20.60%.

About American Express

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.