Roffman Miller Associates Inc. PA Decreases Position in American Express Company (NYSE:AXP)

Roffman Miller Associates Inc. PA decreased its stake in American Express Company (NYSE:AXP - Free Report) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,959 shares of the payment services company's stock after selling 4,421 shares during the quarter. American Express makes up about 2.9% of Roffman Miller Associates Inc. PA's holdings, making the stock its 10th biggest position. Roffman Miller Associates Inc. PA's holdings in American Express were worth $45,997,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AXP. Hexagon Capital Partners LLC increased its holdings in shares of American Express by 8.3% during the 1st quarter. Hexagon Capital Partners LLC now owns 806 shares of the payment services company's stock valued at $217,000 after acquiring an additional 62 shares during the last quarter. Hendley & Co. Inc. increased its stake in American Express by 2.2% during the first quarter. Hendley & Co. Inc. now owns 3,015 shares of the payment services company's stock valued at $811,000 after acquiring an additional 65 shares during the period. Chilton Capital Management LLC raised its stake in shares of American Express by 1.0% in the first quarter. Chilton Capital Management LLC now owns 121,864 shares of the payment services company's stock valued at $32,788,000 after purchasing an additional 1,219 shares in the last quarter. Argentarii LLC raised its stake in shares of American Express by 1.8% in the 1st quarter. Argentarii LLC now owns 4,786 shares of the payment services company's stock valued at $1,288,000 after buying an additional 84 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. boosted its holdings in American Express by 4.0% during the first quarter. McGlone Suttner Wealth Management Inc. now owns 3,348 shares of the payment services company's stock valued at $901,000 after purchasing an additional 128 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

Insiders Place Their Bets

In related news, insider Glenda G. Mcneal sold 3,019 shares of American Express stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $264.66, for a total transaction of $799,008.54. Following the completion of the sale, the insider directly owned 10,919 shares of the company's stock, valued at approximately $2,889,822.54. This trade represents a 21.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Howard Grosfield sold 9,450 shares of American Express stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the sale, the insider directly owned 9,402 shares of the company's stock, valued at $2,590,251. This represents a 50.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

American Express Stock Down 1.7%

Shares of NYSE AXP traded down $5.42 during trading hours on Monday, hitting $322.71. The company had a trading volume of 2,160,226 shares, compared to its average volume of 2,842,269. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The firm's 50 day moving average is $295.62 and its 200-day moving average is $289.83. American Express Company has a 1-year low of $220.43 and a 1-year high of $329.14. The stock has a market capitalization of $226.09 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25.

American Express (NYSE:AXP - Get Free Report) last issued its earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $0.17. American Express had a net margin of 15.31% and a return on equity of 32.48%. The company had revenue of $16.97 billion for the quarter, compared to analysts' expectations of $17.04 billion. During the same period in the prior year, the firm earned $3.33 EPS. On average, analysts expect that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.02%. The ex-dividend date is Thursday, July 3rd. American Express's dividend payout ratio is 22.91%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AXP shares. Truist Financial upped their target price on shares of American Express from $315.00 to $335.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. The Goldman Sachs Group dropped their target price on American Express from $367.00 to $330.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Bank of America raised shares of American Express from a "neutral" rating to a "buy" rating and reduced their target price for the company from $325.00 to $274.00 in a research note on Friday, April 11th. Robert W. Baird upgraded American Express from an "underperform" rating to a "neutral" rating and set a $265.00 price objective for the company in a report on Friday, March 14th. Finally, Monness Crespi & Hardt lifted their price target on shares of American Express from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $295.25.

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.