Roffman Miller Associates Inc Pa buys $11,018,342 stake in American Express Company (AXP)

American Express Company (AXP) : Roffman Miller Associates Inc Pa scooped up 13,698 additional shares in American Express Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 170,880 shares of American Express Company which is valued at $11,018,342.American Express Company makes up approximately 1.76% of Roffman Miller Associates Inc Pa’s portfolio.

Other Hedge Funds, Including , Telemus Capital reduced its stake in AXP by selling 4,010 shares or 33.79% in the most recent quarter. The Hedge Fund company now holds 7,856 shares of AXP which is valued at $506,555. American Express Company makes up approx 0.06% of Telemus Capital’s portfolio.Davenport Co reduced its stake in AXP by selling 53 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 44,891 shares of AXP which is valued at $2,832,622. American Express Company makes up approx 0.04% of Davenport Co’s portfolio.Washington Trust Bank reduced its stake in AXP by selling 426 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 10,434 shares of AXP which is valued at $641,587. American Express Company makes up approx 0.16% of Washington Trust Bank’s portfolio.

American Express Company opened for trading at $64.29 and hit $64.8 on the upside on Wednesday, eventually ending the session at $64.48, with a gain of 0.50% or 0.32 points. The heightened volatility saw the trading volume jump to 83,15,821 shares. Company has a market cap of $61,323 M.

On the company’s financial health, American Express Company reported $2.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.36 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.74. The company had revenue of $8235.00 million for the quarter, compared to analysts expectations of $8341.60 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.42 EPS.

Many Wall Street Analysts have commented on American Express Company. Company shares were Reiterated by DA Davidson on Apr 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 67 from a previous price target of $66 .

American Express Company is a global services company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Card Services International Card Services Global Commercial Services and Global Network & Merchant Services. The Company’s United States banking subsidiaries Centurion Bank and AEBFSB issue a range of Card products and services. It also issues its charge and credit Cards around the world either on its own or as cobrands with partnering institutions. The Company provides expense management and travel services to companies and organizations through its Global Corporate Payments and Global Business Travel businesses. The Global Network & Merchant Services (GNMS) segment operates a global payments network that processes and settles card transactions.

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