American Express Company $AXP Shares Sold by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA decreased its position in American Express Company (NYSE:AXP) by 0.2% during the 2nd quarter, Holdings Channel reports. The fund owned 170,544 shares of the payment services company’s stock after selling 415 shares during the quarter. American Express comprises about 3.2% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 6th biggest position. Roffman Miller Associates Inc. PA’s holdings in American Express were worth $54,400,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Connable Office Inc. boosted its holdings in American Express by 0.3% in the 2nd quarter. Connable Office Inc. now owns 10,450 shares of the payment services company’s stock valued at $3,333,000 after purchasing an additional 36 shares in the last quarter. Obermeyer Wealth Partners lifted its holdings in shares of American Express by 1.3% in the 2nd quarter. Obermeyer Wealth Partners now owns 6,185 shares of the payment services company’s stock valued at $1,973,000 after buying an additional 81 shares during the period. Bridgewater Advisors Inc. boosted its stake in shares of American Express by 0.6% in the second quarter. Bridgewater Advisors Inc. now owns 8,232 shares of the payment services company’s stock valued at $2,540,000 after buying an additional 50 shares in the last quarter. Peregrine Asset Advisers Inc. acquired a new position in American Express during the second quarter worth $727,000. Finally, Access Investment Management LLC purchased a new position in American Express in the second quarter worth $26,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Express

In other news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the sale, the insider directly owned 123,613 shares in the company, valued at $40,343,574.81. This represents a 15.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Douglas Tabish sold 2,515 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the sale, the insider owned 2,515 shares of the company’s stock, valued at $894,359.15. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 160,290 shares of company stock valued at $52,364,898 over the last 90 days. 0.20% of the stock is currently owned by insiders.

American Express Stock Performance

Shares of NYSE AXP opened at $361.47 on Tuesday. The company has a 50-day simple moving average of $336.56 and a 200-day simple moving average of $311.54. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.61 and a quick ratio of 1.59. The company has a market cap of $249.00 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29. American Express Company has a 12 month low of $220.43 and a 12 month high of $365.75.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.16. The business had revenue of $18.43 billion for the quarter, compared to the consensus estimate of $18.03 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Friday, October 10th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $3.28 annualized dividend and a yield of 0.9%. American Express’s dividend payout ratio is 22.01%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their target price on shares of American Express from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Barclays boosted their price objective on shares of American Express from $336.00 to $355.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Keefe, Bruyette & Woods upped their target price on shares of American Express from $371.00 to $394.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a research report on Monday, July 14th. Finally, Truist Financial upped their price target on American Express from $375.00 to $395.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $332.65.

American Express Company Profile

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.