American Express Company $AXP Holdings Boosted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its stake in shares of American Express Company (NYSE:AXP) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,312 shares of the payment services company’s stock after purchasing an additional 3,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in American Express were worth $70,854,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AXP. Vanguard Group Inc. grew its stake in American Express by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock worth $14,808,730,000 after buying an additional 581,369 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Express by 11.1% during the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock valued at $4,282,984,000 after acquiring an additional 1,349,746 shares during the period. Norges Bank bought a new position in shares of American Express during the second quarter worth about $1,897,335,000. Artisan Partners Limited Partnership grew its position in shares of American Express by 3.0% during the second quarter. Artisan Partners Limited Partnership now owns 4,620,873 shares of the payment services company’s stock worth $1,473,966,000 after acquiring an additional 133,439 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of American Express by 13.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,342,556 shares of the payment services company’s stock worth $1,385,188,000 after acquiring an additional 530,967 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Performance

AXP opened at $361.76 on Friday. The business has a 50 day moving average price of $368.05 and a two-hundred day moving average price of $342.30. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The company has a market capitalization of $249.20 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. American Express Company has a 1-year low of $220.43 and a 1-year high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 30th. The payment services company reported ($11.85) EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($15.41). The firm had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%. Research analysts predict that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, January 2nd. American Express’s dividend payout ratio is presently 22.01%.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of analyst reports. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. TD Cowen reaffirmed a “hold” rating on shares of American Express in a report on Thursday, January 8th. Barclays boosted their price objective on American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Wolfe Research began coverage on American Express in a report on Monday, December 8th. They issued a “peer perform” rating for the company. Finally, Truist Financial lifted their target price on American Express from $395.00 to $420.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $353.95.

Insider Buying and Selling at American Express

In other news, CMO Elizabeth Rutledge sold 50,000 shares of American Express stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $360.21, for a total value of $18,010,500.00. Following the transaction, the chief marketing officer owned 85,577 shares of the company’s stock, valued at $30,825,691.17. The trade was a 36.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.