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.
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.
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