Boston Partners Has $77.64 Million Stake in American Express Company (AXP)

Boston Partners raised its stake in shares of American Express Company (NYSE:AXP) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 858,276 shares of the payment services company’s stock after buying an additional 33,812 shares during the quarter. Boston Partners owned about 0.10% of American Express worth $77,640,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Matthew Goff Investment Advisor LLC bought a new position in shares of American Express during the 1st quarter valued at about $2,543,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of American Express by 10.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,669 shares of the payment services company’s stock valued at $478,000 after purchasing an additional 554 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of American Express by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 49,502,529 shares of the payment services company’s stock valued at $3,916,145,000 after purchasing an additional 722,235 shares in the last quarter. Shelton Capital Management bought a new position in shares of American Express during the 2nd quarter valued at about $670,000. Finally, Rothschild Asset Management Inc. lifted its holdings in shares of American Express by 19.5% during the 1st quarter. Rothschild Asset Management Inc. now owns 641,409 shares of the payment services company’s stock valued at $50,742,000 after purchasing an additional 104,647 shares in the last quarter. Institutional investors own 83.51% of the company’s stock.

American Express Company (AXP) opened at $98.52 on Friday. The firm has a market capitalization of $85,475.90, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22. American Express Company has a 1 year low of $73.50 and a 1 year high of $99.75. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90.

American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The firm had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 EPS. sell-side analysts forecast that American Express Company will post 5.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 5th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, January 4th. American Express’s dividend payout ratio (DPR) is 26.97%.

AXP has been the topic of several recent analyst reports. Zacks Investment Research cut American Express from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Morgan Stanley cut their target price on American Express from $90.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Friday, September 8th. Credit Suisse Group restated an “underperform” rating and issued a $84.00 target price (up previously from $79.00) on shares of American Express in a research note on Thursday, October 19th. Keefe, Bruyette & Woods set a $95.00 target price on American Express and gave the company a “buy” rating in a research note on Saturday, August 19th. Finally, Oppenheimer set a $99.00 target price on American Express and gave the company a “buy” rating in a research note on Thursday, October 19th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $91.56.

In related news, insider Douglas E. Buckminster sold 88,930 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $98.87, for a total transaction of $8,792,509.10. Following the transaction, the insider now directly owns 152,507 shares of the company’s stock, valued at approximately $15,078,367.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Linda Zukauckas sold 3,196 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $95.42, for a total value of $304,962.32. The disclosure for this sale can be found here. Insiders have sold a total of 343,870 shares of company stock worth $33,094,717 in the last ninety days. Insiders own 0.67% of the company’s stock.

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About American Express

American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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