Mn Services Vermogensbeheer B.V. Has $61.16 Million Stock Position in American Express (NYSE:AXP)

Mn Services Vermogensbeheer B.V. cut its stake in shares of American Express (NYSE:AXP) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,512 shares of the payment services company’s stock after selling 4,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in American Express were worth $61,159,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXP. DHJJ Financial Advisors Ltd. lifted its holdings in American Express by 42.2% during the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after acquiring an additional 49 shares in the last quarter. BNP Paribas acquired a new stake in American Express during the 1st quarter worth approximately $40,000. POM Investment Strategies LLC acquired a new position in shares of American Express in the second quarter valued at approximately $42,000. Founders Capital Management acquired a new stake in shares of American Express during the second quarter worth $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in American Express in the 3rd quarter worth $46,000. Institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling

In other news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the sale, the insider now owns 109,691 shares in the company, valued at $29,724,067.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other American Express news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the sale, the insider now directly owns 109,691 shares of the company’s stock, valued at approximately $29,724,067.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Anre D. Williams sold 77,887 shares of American Express stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the transaction, the insider now directly owns 111,656 shares in the company, valued at approximately $30,176,150.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of recent research reports. Bank of America lifted their price objective on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. TD Cowen increased their price objective on American Express from $260.00 to $268.00 and gave the company a “hold” rating in a report on Monday, October 21st. Jefferies Financial Group lifted their price target on American Express from $225.00 to $235.00 and gave the stock a “hold” rating in a report on Tuesday, July 9th. Morgan Stanley upped their target price on American Express from $248.00 to $252.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Hsbc Global Res cut American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus price target of $253.09.

American Express Trading Down 0.6 %

NYSE:AXP traded down $1.61 on Monday, reaching $271.08. 251,516 shares of the stock traded hands, compared to its average volume of 2,903,562. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a 1-year low of $151.51 and a 1-year high of $286.36. The company’s 50 day moving average is $266.02 and its 200-day moving average is $247.66. The firm has a market capitalization of $190.96 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21.

American Express (NYSE:AXP) last released its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.22. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business had revenue of $16.64 billion for the quarter, compared to analyst estimates of $16.68 billion. During the same quarter in the previous year, the business earned $3.30 earnings per share. American Express’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts anticipate that American Express will post 13.41 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.80 annualized dividend and a dividend yield of 1.03%. American Express’s dividend payout ratio is currently 20.60%.

American Express Company Profile

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.