Mn Services Vermogensbeheer B.V. grew its holdings in American Express (NYSE:AXP) by 1.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 405,001 shares of the payment services company’s stock after acquiring an additional 4,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in American Express were worth $44,267,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pearl River Capital LLC purchased a new position in American Express during the 4th quarter worth approximately $25,000. JNBA Financial Advisors purchased a new position in American Express during the 4th quarter worth approximately $26,000. Camarda Financial Advisors LLC purchased a new position in American Express during the 1st quarter worth approximately $26,000. Creative Financial Designs Inc. ADV purchased a new position in American Express during the 1st quarter worth approximately $28,000. Finally, Clarfeld Financial Advisors LLC purchased a new position in American Express during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 85.91% of the company’s stock.
American Express stock opened at $119.07 on Friday. American Express has a twelve month low of $89.05 and a twelve month high of $120.35. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.63. The company has a market cap of $99.43 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 1.37 and a beta of 1.13.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 1.31%. American Express’s payout ratio is 21.28%.
A number of research analysts recently issued reports on AXP shares. Atlantic Securities upgraded American Express from a “neutral” rating to an “overweight” rating and set a $100.80 price target on the stock in a research note on Tuesday, January 29th. Wells Fargo & Co restated a “buy” rating and set a $125.00 price target (up previously from $115.00) on shares of American Express in a research note on Tuesday, March 12th. Bank of America restated a “neutral” rating and set a $108.00 price target on shares of American Express in a research note on Thursday, March 14th. DZ Bank downgraded American Express from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Oppenheimer set a $119.00 price objective on American Express and gave the stock a “buy” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $116.63.
In other news, insider Michael John O’neill sold 15,749 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $113.94, for a total value of $1,794,441.06. Following the completion of the sale, the insider now directly owns 69,941 shares of the company’s stock, valued at approximately $7,969,077.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by company insiders.
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American Express Company Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.
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