Mn Services Vermogensbeheer B.V. Cuts Stock Position in American Express (NYSE:AXP)

Mn Services Vermogensbeheer B.V. decreased its stake in shares of American Express (NYSE:AXP - Free Report) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,012 shares of the payment services company's stock after selling 15,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in American Express were worth $57,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. Investment Management Corp VA ADV purchased a new stake in American Express during the fourth quarter valued at approximately $29,000. Sellwood Investment Partners LLC purchased a new stake in American Express during the fourth quarter valued at approximately $33,000. Murphy & Mullick Capital Management Corp purchased a new stake in American Express during the fourth quarter valued at approximately $33,000. Curio Wealth LLC purchased a new stake in American Express during the fourth quarter valued at approximately $37,000. Finally, Nexus Investment Management ULC purchased a new stake in American Express during the first quarter valued at approximately $34,000. Institutional investors own 84.33% of the company's stock.

American Express Trading Down 3.5%

Shares of American Express stock traded down $10.37 during trading on Friday, hitting $287.62. The stock had a trading volume of 3,405,421 shares, compared to its average volume of 2,819,585. The firm's fifty day simple moving average is $278.89 and its 200-day simple moving average is $288.94. The stock has a market cap of $201.50 billion, a PE ratio of 20.53, a PEG ratio of 1.41 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.57. American Express has a 12 month low of $220.43 and a 12 month high of $326.28.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.17. American Express had a net margin of 15.36% and a return on equity of 32.65%. The company had revenue of $16.97 billion during the quarter, compared to analyst estimates of $17.04 billion. During the same quarter last year, the business posted $3.33 EPS. As a group, sell-side analysts expect that American Express will post 15.33 EPS for the current fiscal year.

Insider Activity at American Express

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

Analysts Set New Price Targets

AXP has been the subject of a number of analyst reports. William Blair reissued an "outperform" rating on shares of American Express in a research note on Monday, April 21st. Truist Financial increased their price objective on shares of American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Monness Crespi & Hardt increased their price objective on shares of American Express from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. BTIG Research reduced their price objective on shares of American Express from $272.00 to $240.00 and set a "sell" rating for the company in a research note on Monday, April 21st. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $310.00 price objective on shares of American Express in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $296.05.

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.