Boston Partners lifted its stake in American Express (NYSE:AXP) by 5.4% during the first quarter, HoldingsChannel reports. The fund owned 2,961,935 shares of the payment services company’s stock after acquiring an additional 151,669 shares during the quarter. Boston Partners’ holdings in American Express were worth $323,740,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AXP. Vanguard Group Inc grew its holdings in American Express by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 49,872,420 shares of the payment services company’s stock valued at $5,310,914,000 after buying an additional 364,282 shares during the last quarter. BlackRock Inc. grew its holdings in American Express by 0.7% in the 4th quarter. BlackRock Inc. now owns 45,477,488 shares of the payment services company’s stock valued at $4,334,916,000 after buying an additional 300,504 shares during the last quarter. FMR LLC grew its holdings in American Express by 49.5% in the 4th quarter. FMR LLC now owns 24,583,840 shares of the payment services company’s stock valued at $2,343,332,000 after buying an additional 8,136,470 shares during the last quarter. Fisher Asset Management LLC grew its holdings in American Express by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 10,681,552 shares of the payment services company’s stock valued at $1,018,166,000 after buying an additional 323,809 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in American Express by 1.9% in the 4th quarter. Northern Trust Corp now owns 9,705,630 shares of the payment services company’s stock valued at $925,141,000 after buying an additional 180,361 shares during the last quarter. 85.91% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Michael John O’neill sold 15,749 shares of American Express stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $113.94, for a total transaction of $1,794,441.06. Following the sale, the insider now owns 69,941 shares of the company’s stock, valued at approximately $7,969,077.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

A number of research firms have issued reports on AXP. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 target price on shares of American Express in a report on Friday, May 3rd. Morgan Stanley raised American Express from an “equal weight” rating to an “overweight” rating and set a $140.00 target price on the stock in a report on Friday, May 3rd. UBS Group lowered American Express from a “buy” rating to a “neutral” rating and set a $117.60 target price on the stock. in a report on Monday, April 29th. Oppenheimer set a $119.00 target price on American Express and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, DZ Bank lowered American Express from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $116.63.

Shares of NYSE:AXP opened at $117.66 on Thursday. American Express has a 1-year low of $89.05 and a 1-year high of $119.65. The company has a market cap of $96.79 billion, a PE ratio of 16.05, a PEG ratio of 1.34 and a beta of 1.13. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.63.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 18th. The payment services company reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.01. American Express had a return on equity of 29.86% and a net margin of 16.60%. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.46 billion. During the same quarter last year, the firm earned $1.86 EPS. American Express’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts expect that American Express will post 8.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, July 3rd. American Express’s payout ratio is presently 21.28%.

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American Express Company Profile

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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

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