Roffman Miller Associates Inc. PA Sells 8,112 Shares of American Express (NYSE:AXP)

Roffman Miller Associates Inc. PA lowered its stake in American Express (NYSE:AXP) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 175,380 shares of the payment services company’s stock after selling 8,112 shares during the quarter. American Express comprises approximately 3.2% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 8th largest holding. Roffman Miller Associates Inc. PA’s holdings in American Express were worth $52,051,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Prospera Private Wealth LLC acquired a new stake in American Express during the 3rd quarter worth $27,000. Kennebec Savings Bank acquired a new stake in American Express during the 3rd quarter worth $29,000. True Wealth Design LLC raised its stake in American Express by 332.0% during the 3rd 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 period. Financial Life Planners acquired a new stake in American Express during the 4th quarter worth $38,000. Finally, Sierra Ocean LLC acquired a new stake in American Express during the 4th quarter worth $40,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Trading Down 2.8 %

Shares of NYSE:AXP opened at $295.23 on Monday. American Express has a 12-month low of $212.48 and a 12-month high of $326.27. The stock has a market cap of $207.41 billion, a PE ratio of 21.07, a P/E/G ratio of 1.45 and a beta of 1.24. The business has a 50 day moving average of $307.54 and a 200-day moving average of $285.04. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64.

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

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 3rd were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.95%. American Express’s payout ratio is 19.99%.

Insider Activity

In other news, insider Ravikumar Radhakrishnan sold 9,485 shares of American Express stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $319.17, for a total value of $3,027,327.45. Following the completion of the sale, the insider now directly owns 13,500 shares in the company, valued at approximately $4,308,795. The trade was a 41.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Raymond Joabar sold 15,179 shares of American Express stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total transaction of $4,765,295.26. Following the completion of the sale, the insider now owns 23,866 shares of the company’s stock, valued at approximately $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,664 shares of company stock worth $9,613,503. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AXP. Citigroup raised their price objective on American Express from $305.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Truist Financial started coverage on American Express in a research note on Tuesday, January 7th. They set a “buy” rating and a $350.00 price objective on the stock. StockNews.com downgraded American Express from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. HSBC lifted their price target on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada raised their price objective on American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, January 27th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $296.38.

American Express 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.