ASR Vermogensbeheer N.V. Sells 15,228 Shares of American Express Company $AXP

Key Points

• ASR Vermogensbeheer N.V. has reduced its stake in American Express by 19.1%, selling 15,228 shares and leaving it with 64,314 shares valued at approximately $20.5 million.
• Insider trading includes significant sales by Glenda G. Mcneal and Vice Chairman Douglas E. Buckminster, with total insider sales reaching over $85 million in the past 90 days.
• American Express is expected to report an EPS of 15.33 for the current year, while recent analysts’ ratings show a consensus of "Hold" with a price target averaging around $319.95.

ASR Vermogensbeheer N.V. decreased its position in American Express Company (NYSE:AXP) by 19.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,314 shares of the payment services company's stock after selling 15,228 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in American Express were worth $20,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AXP. Capital Asset Advisory Services LLC raised its stake in shares of American Express by 2.8% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 1,191 shares of the payment services company's stock valued at $384,000 after buying an additional 32 shares during the last quarter. DLK Investment Management LLC raised its stake in shares of American Express by 3.8% during the 2nd quarter. DLK Investment Management LLC now owns 869 shares of the payment services company's stock valued at $277,000 after buying an additional 32 shares during the last quarter. Financial Engines Advisors L.L.C. raised its stake in shares of American Express by 4.7% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 772 shares of the payment services company's stock valued at $208,000 after buying an additional 35 shares during the last quarter. Modern Wealth Management LLC raised its stake in shares of American Express by 0.7% during the 1st quarter. Modern Wealth Management LLC now owns 4,921 shares of the payment services company's stock valued at $1,324,000 after buying an additional 35 shares during the last quarter. Finally, Greenfield Savings Bank raised its stake in shares of American Express by 0.3% during the 2nd quarter. Greenfield Savings Bank now owns 13,116 shares of the payment services company's stock valued at $4,184,000 after buying an additional 35 shares during the last quarter. Institutional investors own 84.33% of the company's stock.

Insider Transactions at American Express

In other American Express news, insider Glenda G. Mcneal sold 50,000 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the transaction, the insider owned 10,957 shares of the company's stock, valued at approximately $3,391,191.50. This trade represents a 82.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total value of $7,671,326.85. Following the transaction, the insider directly owned 123,613 shares in the company, valued at approximately $40,343,574.81. The trade was a 15.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 269,996 shares of company stock valued at $85,261,270 over the last ninety days. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of recent research reports. Truist Financial lifted their price objective on American Express from $348.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Evercore ISI increased their price target on American Express from $330.00 to $365.00 and gave the stock an "in-line" rating in a research report on Tuesday. DZ Bank lowered American Express from a "hold" rating to a "sell" rating in a report on Monday, July 21st. JPMorgan Chase & Co. boosted their price objective on American Express from $260.00 to $342.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Finally, Monness Crespi & Hardt cut American Express from a "buy" rating to a "neutral" rating in a research report on Tuesday, July 15th. Eight investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $319.95.

American Express Trading Down 1.0%

AXP opened at $328.76 on Thursday. American Express Company has a one year low of $220.43 and a one year high of $349.19. The stock has a market capitalization of $228.77 billion, a PE ratio of 23.07, a P/E/G ratio of 1.76 and a beta of 1.29. The business's 50 day moving average price is $319.19 and its 200 day moving average price is $297.32. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The payment services company reported $4.08 EPS for the quarter, beating analysts' consensus estimates of $3.86 by $0.22. American Express had a return on equity of 32.87% and a net margin of 14.78%.The firm had revenue of $17.86 billion for the quarter, compared to analysts' expectations of $17.70 billion. During the same period in the prior year, the firm posted $3.49 earnings per share. The firm's quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 10th. American Express's dividend payout ratio is 23.02%.

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.

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