American Express (NYSE:AXP) Stock Holdings Lessened by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA cut its stake in shares of American Express (NYSE:AXP) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,258 shares of the payment services company’s stock after selling 647 shares during the quarter. American Express accounts for 2.6% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 15th largest holding. Roffman Miller Associates Inc. PA’s holdings in American Express were worth $36,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. BKM Wealth Management LLC acquired a new stake in shares of American Express during the fourth quarter valued at approximately $28,000. Tennessee Valley Asset Management Partners acquired a new stake in American Express during the 4th quarter valued at $28,000. BluePath Capital Management LLC purchased a new stake in shares of American Express in the third quarter valued at $29,000. Pacifica Partners Inc. acquired a new stake in shares of American Express in the fourth quarter worth $29,000. Finally, Baldwin Brothers LLC MA grew its holdings in shares of American Express by 134.8% during the fourth quarter. Baldwin Brothers LLC MA now owns 155 shares of the payment services company’s stock valued at $29,000 after buying an additional 89 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Insider Activity at American Express

In other news, insider Howard Grosfield sold 7,029 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $203.65, for a total transaction of $1,431,455.85. Following the completion of the sale, the insider now owns 12,388 shares of the company’s stock, valued at $2,522,816.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Monique Herena sold 11,242 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $208.41, for a total transaction of $2,342,945.22. Following the sale, the insider now directly owns 13,874 shares of the company’s stock, valued at $2,891,480.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Howard Grosfield sold 7,029 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $203.65, for a total value of $1,431,455.85. Following the transaction, the insider now directly owns 12,388 shares in the company, valued at approximately $2,522,816.20. The disclosure for this sale can be found here. Insiders sold 210,920 shares of company stock valued at $45,804,652 in the last ninety days. Insiders own 0.12% of the company’s stock.

American Express Price Performance

Shares of American Express stock traded down $0.98 during trading on Friday, hitting $236.12. 1,517,526 shares of the company’s stock traded hands, compared to its average volume of 3,176,836. The company has a market cap of $169.84 billion, a PE ratio of 19.45, a PEG ratio of 1.36 and a beta of 1.23. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.62 and a quick ratio of 1.63. American Express has a twelve month low of $140.91 and a twelve month high of $240.55. The firm’s fifty day moving average price is $222.11 and its 200 day moving average price is $190.85.

American Express (NYSE:AXP) last posted its earnings results on Friday, April 19th. The payment services company reported $3.33 EPS for the quarter, topping the consensus estimate of $2.97 by $0.36. American Express had a return on equity of 32.46% and a net margin of 14.50%. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.79 billion. During the same quarter last year, the company earned $2.40 EPS. American Express’s revenue was up 10.6% on a year-over-year basis. Analysts forecast that American Express will post 12.99 earnings per share for the current year.

American Express Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date is Thursday, April 4th. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Analysts Set New Price Targets

A number of brokerages have commented on AXP. Oppenheimer restated an “outperform” rating on shares of American Express in a research report on Friday, April 5th. Royal Bank of Canada upped their price objective on shares of American Express from $250.00 to $253.00 and gave the company an “outperform” rating in a research note on Monday. BMO Capital Markets lifted their target price on shares of American Express from $167.00 to $175.00 and gave the company an “underperform” rating in a research note on Monday. DZ Bank lowered American Express from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, StockNews.com raised American Express from a “hold” rating to a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $209.52.

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.