Robeco Institutional Asset Management B.V. Decreases Stake in American Express (NYSE:AXP)

Robeco Institutional Asset Management B.V. cut its holdings in American Express (NYSE:AXP) by 4.8% during the fourth quarter, Holdings Channel reports. The institutional investor 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.’s holdings in American Express were worth $154,632,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in American Express by 26,783.5% during the third quarter. International Assets Investment Management LLC now owns 909,737 shares of the payment services company’s stock worth $2,467,210,000 after purchasing an additional 906,353 shares in the last quarter. FMR LLC boosted its position in American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock worth $2,984,208,000 after purchasing an additional 866,110 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in American Express by 59,816.0% during the third quarter. Pathway Financial Advisers LLC now owns 682,443 shares of the payment services company’s stock worth $185,079,000 after purchasing an additional 681,304 shares in the last quarter. World Investment Advisors LLC boosted its position in American Express by 35,213.7% during the third quarter. World Investment Advisors LLC now owns 317,117 shares of the payment services company’s stock worth $86,002,000 after purchasing an additional 316,219 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in American Express by 73.7% during the third quarter. National Bank of Canada FI now owns 707,381 shares of the payment services company’s stock worth $191,842,000 after purchasing an additional 300,138 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.12% of the company’s stock.

American Express Stock Performance

Shares of NYSE:AXP opened at $317.24 on Wednesday. The firm has a market capitalization of $223.48 billion, a PE ratio of 23.34, a P/E/G ratio of 1.51 and a beta of 1.23. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.63 and a quick ratio of 1.63. The business has a 50-day moving average of $303.60 and a two-hundred day moving average of $276.27. American Express has a 12 month low of $199.07 and a 12 month high of $326.27.

American Express (NYSE:AXP) last announced 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%. As a group, research analysts forecast that American Express will post 13.4 earnings per share for the current year.

American Express Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on AXP. Truist Financial began coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 target price on the stock. Monness Crespi & Hardt boosted their price target on American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a report on Monday. Keefe, Bruyette & Woods boosted their price target on American Express from $350.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday. HSBC boosted their price target on American Express from $270.00 to $294.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Morgan Stanley boosted their price target on American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a report on Monday. Three equities research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $291.50.

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.