American Express (NYSE:AXP) Shares Sold by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA reduced its position in shares of American Express (NYSE:AXP) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 175,380 shares of the payment services company’s stock after selling 8,112 shares during the period. American Express accounts for approximately 3.2% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 8th largest position. Roffman Miller Associates Inc. PA’s holdings in American Express were worth $52,051,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AXP. Prospera Private Wealth LLC bought a new stake in shares of American Express during the third quarter worth $27,000. Kennebec Savings Bank bought a new stake in shares of American Express during the third quarter worth $29,000. True Wealth Design LLC grew its stake in shares of American Express by 332.0% during the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after buying an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of American Express during the third quarter worth $38,000. Finally, Financial Life Planners bought a new stake in shares of American Express during the fourth quarter worth $38,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AXP shares. JPMorgan Chase & Co. boosted their target price on shares of American Express from $301.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Wells Fargo & Company boosted their price objective on shares of American Express from $355.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Citigroup boosted their price objective on shares of American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. William Blair reissued an “outperform” rating on shares of American Express in a research note on Monday, January 27th. Finally, Monness Crespi & Hardt boosted their price objective on shares of American Express from $330.00 to $355.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average price target of $296.38.

American Express Price Performance

Shares of NYSE AXP opened at $295.23 on Monday. The firm’s 50-day moving average price is $307.54 and its 200-day moving average price is $285.04. American Express has a 1-year low of $212.48 and a 1-year high of $326.27. The firm has a market capitalization of $207.41 billion, a P/E ratio of 21.07, a P/E/G ratio of 1.45 and a beta of 1.24. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.36% and a return on equity of 32.65%. Equities research analysts anticipate that American Express will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, January 3rd. American Express’s dividend payout ratio is currently 19.99%.

Insiders Place Their Bets

In other American Express news, insider Ravikumar Radhakrishnan sold 9,485 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $319.17, for a total transaction of $3,027,327.45. Following the completion of the sale, the insider now directly owns 13,500 shares of the company’s stock, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total value of $1,820,880.00. Following the sale, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,664 shares of company stock valued at $9,613,503. Corporate insiders own 0.12% of the company’s stock.

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.