Flossbach Von Storch SE Has $26.37 Million Holdings in American Express Company $AXP

Flossbach Von Storch SE lifted its stake in shares of American Express Company (NYSE:AXP) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,387 shares of the payment services company’s stock after purchasing an additional 1,882 shares during the period. Flossbach Von Storch SE’s holdings in American Express were worth $26,369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AXP. Nordea Investment Management AB boosted its holdings in shares of American Express by 2.2% in the second quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company’s stock valued at $721,525,000 after buying an additional 49,593 shares during the period. ZEGA Investments LLC bought a new stake in American Express in the 3rd quarter valued at $1,080,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in American Express by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,598,743 shares of the payment services company’s stock worth $531,038,000 after purchasing an additional 4,080 shares during the period. Dempze Nancy E boosted its stake in American Express by 210.2% in the 2nd quarter. Dempze Nancy E now owns 3,459 shares of the payment services company’s stock worth $1,103,000 after purchasing an additional 2,344 shares during the period. Finally, Reliant Investment Management LLC increased its holdings in American Express by 1.9% during the 2nd quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company’s stock worth $8,354,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

AXP has been the topic of a number of research reports. TD Cowen restated a “hold” rating on shares of American Express in a report on Thursday, January 8th. UBS Group set a $385.00 target price on American Express in a research report on Monday, January 12th. Wells Fargo & Company boosted their target price on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Compass Point reaffirmed a “neutral” rating and set a $324.00 price target on shares of American Express in a research report on Monday, October 20th. Finally, HSBC set a $295.00 price objective on shares of American Express and gave the company a “hold” rating in a report on Friday, October 10th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $353.95.

American Express Stock Down 0.7%

AXP stock opened at $356.89 on Thursday. The company has a market cap of $245.84 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 1.51 and a beta of 1.15. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The business has a 50 day moving average price of $369.10 and a two-hundred day moving average price of $343.29. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 30th. The payment services company reported ($11.85) EPS for the quarter, missing the consensus estimate of $3.56 by ($15.41). American Express had a net margin of 14.97% and a return on equity of 33.41%. The company had revenue of ($17,139.00) million during the quarter, compared to analyst estimates of $18.91 billion. Analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, January 2nd. American Express’s dividend payout ratio (DPR) is 22.01%.

Insider Buying and Selling at American Express

In other news, CMO Elizabeth Rutledge sold 50,000 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $360.21, for a total value of $18,010,500.00. Following the sale, the chief marketing officer directly owned 85,577 shares of the company’s stock, valued at approximately $30,825,691.17. This represents a 36.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

About American Express

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.