Robeco Institutional Asset Management B.V. Decreases Position in American Express Company $AXP

Robeco Institutional Asset Management B.V. reduced its position in American Express Company (NYSE:AXP) by 74.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 118,297 shares of the payment services company’s stock after selling 352,269 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in American Express were worth $37,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in AXP. MorganRosel Wealth Management LLC purchased a new position in shares of American Express in the first quarter valued at $29,000. Hughes Financial Services LLC bought a new position in shares of American Express in the first quarter valued at approximately $35,000. 1 North Wealth Services LLC purchased a new position in American Express during the first quarter valued at approximately $37,000. IAG Wealth Partners LLC bought a new stake in American Express during the 1st quarter worth approximately $40,000. Finally, PFS Partners LLC lifted its stake in American Express by 104.0% in the 1st quarter. PFS Partners LLC now owns 153 shares of the payment services company’s stock worth $41,000 after purchasing an additional 78 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Anna Marrs sold 5,500 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the completion of the sale, the insider directly owned 20,311 shares in the company, valued at approximately $6,312,049.47. This represents a 21.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Glenda G. Mcneal sold 50,000 shares of the business’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total value of $15,475,000.00. Following the transaction, the insider owned 10,957 shares in the company, valued at approximately $3,391,191.50. This represents a 82.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 269,996 shares of company stock valued at $85,261,270. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of recent analyst reports. Monness Crespi & Hardt lowered shares of American Express from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods boosted their price objective on American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company raised their target price on shares of American Express from $350.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. raised their price objective on shares of American Express from $260.00 to $342.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. Finally, Citigroup reiterated a “neutral” rating and issued a $327.00 target price (up from $300.00) on shares of American Express in a research report on Wednesday, July 2nd. Eight analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $319.95.

American Express Stock Down 0.1%

Shares of NYSE:AXP opened at $330.10 on Friday. The stock has a market capitalization of $229.71 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 1.75 and a beta of 1.29. The stock’s 50-day moving average price is $320.01 and its 200-day moving average price is $298.24. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 1.80. American Express Company has a 12-month low of $220.43 and a 12-month high of $349.19.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.86 by $0.22. American Express had a return on equity of 32.87% and a net margin of 14.78%.The company had revenue of $17.86 billion during the quarter, compared to analysts’ expectations of $17.70 billion. During the same period in the prior year, the business posted $3.49 EPS. American Express’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, October 10th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 10th. American Express’s dividend payout ratio (DPR) is 23.02%.

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.