Robeco Institutional Asset Management B.V. Has $126.61 Million Position in American Express Company (NYSE:AXP)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of American Express Company (NYSE:AXP) by 9.7% in the 1st quarter, HoldingsChannel reports. The firm owned 470,566 shares of the payment services company’s stock after selling 50,450 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in American Express were worth $126,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its stake in shares of American Express by 104.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 52,033 shares of the payment services company’s stock worth $13,999,000 after buying an additional 26,548 shares during the last quarter. Aspetuck Financial Management LLC acquired a new position in American Express in the 1st quarter valued at about $292,000. Pure Financial Advisors LLC raised its holdings in American Express by 29.9% in the 1st quarter. Pure Financial Advisors LLC now owns 2,676 shares of the payment services company’s stock valued at $720,000 after acquiring an additional 616 shares during the period. Phillips Wealth Planners LLC lifted its position in American Express by 49.4% during the first quarter. Phillips Wealth Planners LLC now owns 1,404 shares of the payment services company’s stock worth $353,000 after acquiring an additional 464 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its holdings in shares of American Express by 3.9% during the first quarter. Perigon Wealth Management LLC now owns 57,594 shares of the payment services company’s stock worth $15,496,000 after acquiring an additional 2,151 shares during the period. 84.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Howard Grosfield sold 9,450 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total transaction of $2,603,475.00. Following the completion of the transaction, the insider now directly owns 9,402 shares of the company’s stock, valued at $2,590,251. This trade represents a 50.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Glenda G. Mcneal sold 3,019 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $264.66, for a total value of $799,008.54. Following the completion of the sale, the insider now directly owns 10,919 shares of the company’s stock, valued at approximately $2,889,822.54. The trade was a 21.66% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AXP shares. Robert W. Baird upgraded American Express from an “underperform” rating to a “neutral” rating and set a $265.00 target price on the stock in a research note on Friday, March 14th. Truist Financial increased their price objective on American Express from $315.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Citigroup dropped their target price on American Express from $320.00 to $300.00 and set a “neutral” rating for the company in a report on Monday, March 24th. JPMorgan Chase & Co. upped their price target on shares of American Express from $244.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, April 21st. Finally, Baird R W upgraded shares of American Express from a “strong sell” rating to a “hold” rating in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $296.05.

American Express Trading Up 0.1%

AXP opened at $308.73 on Thursday. The company has a market cap of $216.29 billion, a P/E ratio of 21.56, a PEG ratio of 1.50 and a beta of 1.25. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64. The company’s 50 day moving average is $286.36 and its 200-day moving average is $288.84. American Express Company has a 1-year low of $220.43 and a 1-year high of $326.28.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 EPS for the quarter, beating the consensus estimate of $3.47 by $0.17. The business had revenue of $16.97 billion during the quarter, compared to the consensus estimate of $17.04 billion. American Express had a net margin of 15.31% and a return on equity of 32.48%. During the same quarter in the prior year, the firm earned $3.33 EPS. Equities research analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, July 3rd. American Express’s dividend payout ratio (DPR) is 22.91%.

American Express Company 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.