Robeco Institutional Asset Management B.V. Has $37.73 Million Holdings in American Express Company $AXP

Robeco Institutional Asset Management B.V. lessened its holdings in American Express Company (NYSE:AXP - Free Report) by 74.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,297 shares of the payment services company's stock after selling 352,269 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in American Express were worth $37,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AXP. Principal Financial Group Inc. increased its holdings in shares of American Express by 5.5% during the first quarter. Principal Financial Group Inc. now owns 680,308 shares of the payment services company's stock worth $183,037,000 after buying an additional 35,295 shares in the last quarter. Pinnacle Financial Partners Inc increased its holdings in American Express by 1.4% in the 1st quarter. Pinnacle Financial Partners Inc now owns 167,534 shares of the payment services company's stock worth $45,243,000 after purchasing an additional 2,259 shares in the last quarter. R Squared Ltd bought a new position in American Express in the first quarter valued at about $509,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of American Express by 6.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,458 shares of the payment services company's stock valued at $25,088,000 after purchasing an additional 5,693 shares in the last quarter. Finally, Navis Wealth Advisors LLC grew its holdings in shares of American Express by 368.7% during the first quarter. Navis Wealth Advisors LLC now owns 3,548 shares of the payment services company's stock worth $955,000 after purchasing an additional 2,791 shares during the last quarter. Institutional investors own 84.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AXP shares. JPMorgan Chase & Co. raised their price objective on shares of American Express from $260.00 to $342.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Express in a research note on Saturday, September 27th. Barclays boosted their price objective on shares of American Express from $249.00 to $297.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft raised their target price on American Express from $371.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods increased their price target on American Express from $371.00 to $394.00 and gave the company an "outperform" rating in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $319.95.

American Express Stock Down 0.1%

AXP stock opened at $330.10 on Friday. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $349.19. The stock's 50 day simple moving average is $320.01 and its 200 day simple moving average is $298.24. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61. The company has a market cap of $229.71 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 1.75 and a beta of 1.29.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $17.86 billion during the quarter, compared to analyst estimates of $17.70 billion. American Express had a net margin of 14.78% and a return on equity of 32.87%. American Express's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.49 EPS. On average, research analysts expect 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 Monday, November 10th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 10th. American Express's payout ratio is currently 23.02%.

Insider Buying and Selling at American Express

In other American Express news, insider Anna Marrs sold 5,500 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total value of $1,709,235.00. Following the transaction, the insider owned 20,311 shares of the company's stock, valued at approximately $6,312,049.47. The trade was a 21.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen J. Squeri sold 112,272 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $329.86, for a total value of $37,034,041.92. Following the completion of the transaction, the chief executive officer owned 92,810 shares of the company's stock, valued at $30,614,306.60. This trade represents a 54.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 269,996 shares of company stock valued at $85,261,270 in the last quarter. 0.20% of the stock is owned by company insiders.

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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