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

04 Nov 2024, 17:46 by Sarita Garza · The Markets Daily

Robeco Institutional Asset Management B.V. lifted its position in American Express (NYSE:AXP) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 547,051 shares of the payment services company’s stock after purchasing an additional 10,749 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.08% of American Express worth $148,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. lifted its holdings in shares of American Express by 42.2% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after acquiring an additional 49 shares during the period. BNP Paribas acquired a new position in American Express in the first quarter worth about $40,000. POM Investment Strategies LLC bought a new position in American Express during the second quarter worth about $42,000. Founders Capital Management acquired a new stake in American Express during the second quarter valued at approximately $46,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of American Express in the 3rd quarter valued at approximately $46,000. 84.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Morgan Stanley lifted their price target on shares of American Express from $248.00 to $252.00 and gave the company 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 objective on the stock. in a research note on Tuesday, October 8th. HSBC cut shares of American Express from a “buy” rating to a “hold” rating and lifted their target price for the company from $265.00 to $270.00 in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group increased their price target on American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and a consensus target price of $253.09.

Get Our Latest Research Report on AXP

American Express Stock Up 1.0 %

NYSE:AXP opened at $272.69 on Monday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.80. American Express has a 12-month low of $148.33 and a 12-month high of $286.36. The stock’s fifty day simple moving average is $266.02 and its 200-day simple moving average is $247.66. The firm has a market capitalization of $192.10 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.47 and a beta of 1.21.

American Express (NYSE:AXP – Get Free Report) last issued its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.27 by $0.22. The firm had revenue of $16.64 billion for the quarter, compared to analysts’ expectations of $16.68 billion. American Express had a return on equity of 32.46% and a net margin of 15.32%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.30 earnings per share. Equities research analysts expect that American Express will post 13.41 earnings per share for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $2.80 annualized dividend and a yield of 1.03%. American Express’s dividend payout ratio (DPR) is presently 20.60%.

Insider Transactions at American Express

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

About American Express

(Free Report)