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

Mn Services Vermogensbeheer B.V. trimmed its stake in shares of American Express (NYSE:AXP) by 9.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 367,001 shares of the payment services company’s stock after selling 38,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in American Express were worth $45,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AXP. FMR LLC grew its holdings in American Express by 6.9% during the first quarter. FMR LLC now owns 26,274,516 shares of the payment services company’s stock worth $2,871,804,000 after acquiring an additional 1,690,676 shares during the period. Egerton Capital UK LLP grew its holdings in American Express by 18.4% during the first quarter. Egerton Capital UK LLP now owns 9,368,737 shares of the payment services company’s stock worth $1,024,003,000 after acquiring an additional 1,452,890 shares during the period. Findlay Park Partners LLP grew its holdings in American Express by 24.8% during the first quarter. Findlay Park Partners LLP now owns 3,367,074 shares of the payment services company’s stock worth $368,021,000 after acquiring an additional 669,053 shares during the period. Geode Capital Management LLC grew its holdings in American Express by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 8,486,121 shares of the payment services company’s stock worth $807,358,000 after acquiring an additional 459,983 shares during the period. Finally, AKO Capital LLP grew its holdings in American Express by 42.0% during the first quarter. AKO Capital LLP now owns 1,430,186 shares of the payment services company’s stock worth $156,319,000 after acquiring an additional 422,711 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have commented on AXP. BMO Capital Markets raised their price objective on American Express to $119.00 and gave the company a “market perform” rating in a report on Monday, July 22nd. UBS Group lowered American Express from a “buy” rating to a “neutral” rating and set a $117.60 price objective on the stock. in a report on Monday, April 29th. ValuEngine lowered American Express from a “buy” rating to a “hold” rating in a report on Thursday. William Blair reissued an “outperform” rating on shares of American Express in a report on Tuesday, June 18th. Finally, Oppenheimer set a $119.00 price objective on American Express and gave the company a “buy” rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. American Express presently has an average rating of “Hold” and an average target price of $124.38.

In other news, insider Paul D. Fabara sold 15,455 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $127.06, for a total value of $1,963,712.30. Following the transaction, the insider now owns 35,931 shares in the company, valued at $4,565,392.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey C. Campbell sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $122.93, for a total value of $799,045.00. Following the completion of the transaction, the chief financial officer now owns 68,379 shares in the company, valued at approximately $8,405,830.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,548 shares of company stock worth $22,910,322. Company insiders own 0.21% of the company’s stock.

NYSE AXP opened at $124.31 on Monday. The stock has a market capitalization of $103.14 billion, a P/E ratio of 16.96, a PEG ratio of 1.40 and a beta of 1.05. The firm has a 50 day moving average price of $125.41. American Express has a 1-year low of $89.05 and a 1-year high of $129.34. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.84 and a current ratio of 1.84.

American Express (NYSE:AXP) last released its earnings results on Friday, July 19th. The payment services company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.02. The business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.82 billion. American Express had a return on equity of 29.75% and a net margin of 16.60%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 earnings per share. Research analysts forecast that American Express will post 8.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be given a $0.39 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.56 annualized dividend and a dividend yield of 1.25%. American Express’s dividend payout ratio (DPR) is presently 21.28%.

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.

Featured Story: How to use beta for portfolio diversification

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express (NYSE:AXP).

Institutional Ownership by Quarter for American Express (NYSE:AXP)

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.