Digging Up the Facts on American Express Company (AXP)

Marco Green
January 20, 2018

American Express Company (NYSE:AXP) has received an average recommendation of "Hold" from the thirty-one analysts that are presently covering the stock, MarketBeat Ratings reports.

American Express (NYSE:AXP) last released its earnings results on Thursday, January 18th. It has underperformed by 14.21% the S&P500. Gfs Advisors Llc sold 3,925 shares as the company's stock declined 3.65% while stock markets rallied.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. The stock decreased 0.62% or $0.43 during the last trading session, reaching $69.02. About 662,911 shares traded. The Goldman Sachs Group, Inc. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since January 19, 2017 and is uptrending. It has outperformed by 22.53% the S&P500.

Since July 31, 2017, it had 0 buys, and 11 insider sales for $38.86 million activity. $261,400 worth of The Southern Company (NYSE:SO) was sold by Daiss Ann P on Friday, October 20. 56,680 shares valued at $5.63 million were sold by Gupta Ashwini on Tuesday, December 12. Another trade for 96,440 shares valued at $9.38M was made by CHENAULT KENNETH I on Thursday, December 14. Freestone Ltd reported 24,329 shares stake. MV Capital Management Inc. boosted its stake in American Express by 3.5% during the second quarter.

Investors sentiment increased to 1.25 in Q3 2017. The co's performance for 6 months was moved up of 16.21%, 1-year performance stands at 28.87% and year to date showing moved up performance of 0.55%. The investor is now holding $12.2 million shares due in part to a decrease of 910401 new shares in their portfolio. After a recent check, it is observed that the insiders for the firm now own 0.20% shares. American Express Company has a fifty-two week low of $75.39 and a fifty-two week high of $102.39. Goelzer Investment Mngmt Inc accumulated 0.54% or 50,610 shares. Alliancebernstein Lp owns 3.77 million shares for 0.05% of their portfolio. Moreover, Williams Jones And Assocs Ltd has 0.3% invested in American Express Company (NYSE:AXP) for 135,013 shares. Wesbanco Commercial Bank Incorporated invested in 4,358 shares or 0.02% of the stock.

Among 36 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 4 Sell and 22 Hold. Parkside Financial Bank Tru holds 5,701 shares or 0.2% of its portfolio. Robeco Institutional Asset Management Bv has 104,075 shares for 0.01% of their portfolio. Troy Asset Management Limited reported 1.60 million shares. (NYSE:GS). Palisade Cap Management Lc Nj stated it has 3,955 shares or 0.03% of all its holdings. Sobbott Susan had sold 6,000 shares worth $506,340. Therefore 43% are positive. The stock has "Neutral" rating by Citigroup on Friday, March 18. Guggenheim upgraded the shares of AXP in report on Wednesday, April 26 to " rating. The rating was maintained by Keefe Bruyette & Woods on Friday, July 14 with "Buy". The rating was maintained by BMO Capital Markets with "Hold" on Friday, October 6. Eastern Savings Bank owns 0.03% invested in American Express Company (NYSE:AXP) for 5,191 shares. The rating was maintained by KeyCorp with "Sector Weight" on Monday, May 29. Jefferies maintained it with "Hold" rating and $85.0 target in Monday, September 18 report. Stock Yards Bancshares And Trust invested 0.05% of its portfolio in American Express Company (NYSE:AXP). Finally, JPMorgan Chase & Co. lowered shares of American Express from an "overweight" rating to a "neutral" rating and set a $90.00 price objective for the company.in a report on Friday, January 12th. The stock has "Underperform" rating by Bank of America on Friday, June 30.

A number of research analysts have commented on AXP shares. (NYSE:RNG) to report $-0.08 EPS on February, 12.They anticipate $0.00 EPS change or 0.00% from last quarter's $-0.08 EPS. SO's profit will be $471.70 million for 23.64 P/E if the $0.47 EPS becomes a reality.

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock's prospects going forward.

Investors sentiment increased to 0.33 in Q3 2017. Its up 0.01, from 0.82 in 2017Q2. It fall, as 63 investors sold GS shares while 427 reduced holdings. 17 funds opened positions while 60 raised stakes. 271.74 million shares or 2.47% less from 278.62 million shares in 2017Q2 were reported. Wellington Ltd Liability Partnership has 17.57 million shares. Sei Investments Company accumulated 297,557 shares. Moody Bancorporation Trust Division invested 0.01% of its portfolio in MRC Global Inc. (NYSE:GS). Tdam Usa has invested 0.03% in The Goldman Sachs Group, Inc. Tudor Investment Corporation Et Al invested 0.01% in First Citizens BancShares, Inc. (NYSE:GS). Davis Capital Prtn Limited, California-based fund reported 120,000 shares. (NASDAQ:FCNCA). Swiss Bankshares reported 0.01% stake. 30,761 shares were sold by Williams Anre D, worth $2.87M. Accredited holds 0.08% or 3,057 shares. Howard Mngmt holds 62,606 shares. Aviva Public Limited stated it has 487,338 shares or 0.24% of all its holdings. (NYSE:GS) on Monday, August 7. Asset Advsr Corporation reported 0.04% stake.

Gfs Advisors Llc, which manages about $755.79 million and $443.65M US Long portfolio, upped its stake in Banco Santander Sa (NYSE:SAN) by 119,928 shares to 852,453 shares, valued at $5.92 million in 2017Q3, according to the filing. It also reduced its holding in Honeywell Intl Inc (NYSE:HON) by 51,809 shares in the quarter, leaving it with 237,434 shares, and cut its stake in Berkshire Hathaway Inc Del (BRKA).

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