Robeco Institutional Asset Management B.V. Has $148.36 Million Stock Holdings in American Express (NYSE:AXP)

Robeco Institutional Asset Management B.V. raised its position in American Express (NYSE:AXP) by 2.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 547,051 shares of the payment services company’s stock after acquiring an additional 10,749 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in American Express were worth $148,360,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nvwm LLC grew its position in American Express by 9.4% in the third quarter. Nvwm LLC now owns 17,958 shares of the payment services company’s stock valued at $4,870,000 after purchasing an additional 1,550 shares in the last quarter. Angeles Wealth Management LLC boosted its stake in shares of American Express by 14.8% during the 3rd quarter. Angeles Wealth Management LLC now owns 1,935 shares of the payment services company’s stock worth $525,000 after buying an additional 250 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of American Express by 0.4% in the 3rd quarter. Van ECK Associates Corp now owns 47,545 shares of the payment services company’s stock valued at $12,896,000 after acquiring an additional 212 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of American Express by 2.5% in the third quarter. Harbor Capital Advisors Inc. now owns 11,702 shares of the payment services company’s stock valued at $3,174,000 after acquiring an additional 283 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in American Express by 17.7% during the third quarter. Janney Montgomery Scott LLC now owns 204,358 shares of the payment services company’s stock worth $55,422,000 after acquiring an additional 30,743 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

NYSE:AXP opened at $272.69 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market cap of $192.10 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.47 and a beta of 1.21. American Express has a 52 week low of $148.33 and a 52 week high of $286.36. The firm’s 50-day simple moving average is $266.02 and its 200 day simple moving average is $247.66.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 18th. The payment services company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.27 by $0.22. The company had revenue of $16.64 billion for the quarter, compared to analysts’ expectations of $16.68 billion. American Express had a net margin of 15.32% and a return on equity of 32.46%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $3.30 earnings per share. As a group, sell-side analysts predict that American Express will post 13.41 earnings per share for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, October 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.03%. American Express’s payout ratio is 20.60%.

Insider Transactions at American Express

In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $270.98, for a total value of $3,552,818.78. Following the completion of the transaction, the insider now owns 109,691 shares of the company’s stock, valued at $29,724,067.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Vice Chairman Douglas E. Buckminster sold 13,111 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $270.98, for a total transaction of $3,552,818.78. Following the sale, the insider now owns 109,691 shares in the company, valued at approximately $29,724,067.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anre D. Williams sold 77,887 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $270.26, for a total transaction of $21,049,740.62. Following the transaction, the insider now owns 111,656 shares of the company’s stock, valued at approximately $30,176,150.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AXP has been the topic of several recent analyst reports. Hsbc Global Res lowered American Express from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Barclays boosted their target price on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. BTIG Research cut shares of American Express from a “neutral” rating to a “sell” rating and set a $230.00 price target for the company. in a research note on Tuesday, October 8th. TD Cowen boosted their price objective on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. cut shares of American Express from an “overweight” rating to a “neutral” rating and upped their target price for the company from $268.00 to $286.00 in a report on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average price target of $253.09.

About American Express

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.