Mn Services Vermogensbeheer B.V. Raises Holdings in American Express Company $AXP

Mn Services Vermogensbeheer B.V. boosted its stake in American Express Company (NYSE:AXP) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 216,881 shares of the payment services company’s stock after purchasing an additional 3,569 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in American Express were worth $80,235,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Gratus Wealth Advisors LLC boosted its stake in shares of American Express by 0.8% during the third quarter. Gratus Wealth Advisors LLC now owns 3,712 shares of the payment services company’s stock valued at $1,233,000 after purchasing an additional 28 shares during the period. Murphy & Mullick Capital Management Corp grew its holdings in shares of American Express by 10.0% in the third quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock worth $105,000 after purchasing an additional 28 shares during the last quarter. Capital Asset Advisory Services LLC increased its stake in shares of American Express by 2.4% in the fourth quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock worth $465,000 after buying an additional 28 shares during the period. Lantz Financial LLC raised its holdings in American Express by 3.6% during the 4th quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock valued at $299,000 after buying an additional 28 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its holdings in American Express by 1.0% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 2,910 shares of the payment services company’s stock valued at $967,000 after buying an additional 29 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial cut their price target on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. TD Cowen reaffirmed a “hold” rating on shares of American Express in a research note on Thursday, January 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a report on Monday, March 16th. Morgan Stanley set a $395.00 target price on American Express in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $420.00 price target on shares of American Express in a report on Tuesday, January 6th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $352.95.

American Express Stock Up 1.8%

Shares of NYSE AXP opened at $297.47 on Tuesday. The firm has a fifty day simple moving average of $328.26 and a two-hundred day simple moving average of $346.80. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $204.00 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.24 and a beta of 1.15.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). American Express had a net margin of 15.00% and a return on equity of 33.49%. The company had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. During the same period in the previous year, the firm posted $3.04 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be issued a dividend of $0.95 per share. This is a positive change from American Express’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. American Express’s dividend payout ratio (DPR) is currently 21.31%.

Insider Transactions at American Express

In other news, insider Anna Marrs sold 27,425 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the transaction, the insider owned 20,394 shares of the company’s stock, valued at approximately $7,138,103.94. This represents a 57.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ravikumar Radhakrishnan sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the completion of the transaction, the insider owned 8,945 shares of the company’s stock, valued at approximately $3,189,608.10. The trade was a 62.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 73,944 shares of company stock worth $26,114,366 over the last quarter. Insiders own 0.20% of the company’s stock.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.