American Express (NYSE:AXP) Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its position in shares of American Express (NYSE:AXP) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 230,212 shares of the payment services company’s stock after purchasing an additional 4,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in American Express were worth $68,325,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Prospera Private Wealth LLC acquired a new stake in American Express in the 3rd quarter valued at about $27,000. Kennebec Savings Bank bought a new stake in shares of American Express in the 3rd quarter worth approximately $29,000. True Wealth Design LLC lifted its stake in American Express by 332.0% during the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in American Express during the third quarter worth approximately $38,000. Finally, Financial Life Planners acquired a new position in American Express in the fourth quarter worth approximately $38,000. Institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AXP shares. JPMorgan Chase & Co. increased their price objective on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. UBS Group upped their target price on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Compass Point dropped their price target on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. StockNews.com lowered shares of American Express from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Finally, William Blair reiterated an “outperform” rating on shares of American Express in a report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $296.38.

American Express Price Performance

AXP opened at $295.86 on Thursday. The stock has a fifty day moving average price of $307.37 and a 200 day moving average price of $285.93. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. American Express has a 1 year low of $214.51 and a 1 year high of $326.27. The stock has a market cap of $207.85 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 1.41 and a beta of 1.24.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. Analysts forecast that American Express will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, January 3rd. American Express’s dividend payout ratio is 19.99%.

Insider Transactions at American Express

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the sale, the insider now owns 13,500 shares of the company’s stock, valued at $4,308,795. The trade was a 41.27 % 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. Also, insider Raymond Joabar sold 15,179 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the transaction, the insider now directly owns 23,866 shares in the company, valued at approximately $7,492,492.04. This represents a 38.88 % decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

American Express 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.