Roffman Miller Associates Inc. PA Sells 1,833 Shares of American Express Company $AXP

Roffman Miller Associates Inc. PA lessened its position in shares of American Express Company (NYSE:AXP) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,667 shares of the payment services company’s stock after selling 1,833 shares during the quarter. American Express comprises about 2.7% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 11th largest position. Roffman Miller Associates Inc. PA’s holdings in American Express were worth $51,640,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AXP. BlackRock Inc. bought a new stake in American Express during the 2nd quarter worth about $14,208,662,000. Norges Bank acquired a new position in American Express during the 4th quarter valued at about $2,464,215,000. Corient Private Wealth LP bought a new position in shares of American Express in the 2nd quarter valued at about $253,945,000. Bank of New York Mellon Corp acquired a new stake in shares of American Express during the 2nd quarter worth approximately $1,263,787,000. Finally, Legal & General Group Plc acquired a new stake in shares of American Express during the 2nd quarter worth approximately $1,138,054,000. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AXP. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Guggenheim assumed coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. BTIG Research lowered their target price on shares of American Express from $324.00 to $315.00 and set a “sell” rating for the company in a report on Monday, July 27th. HSBC upped their target price on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Finally, Truist Financial raised their price target on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Performance

Shares of NYSE:AXP opened at $333.64 on Friday. The company has a market capitalization of $225.31 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.35 and a beta of 1.04. The firm’s 50 day simple moving average is $342.85 and its 200 day simple moving average is $326.18. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $19.64 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter in the previous year, the company earned $4.08 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts forecast that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s payout ratio is 23.06%.

American Express Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co?brand partnerships with airlines, hotels and retailers.