Royal Bank of Canada Raises American Express (AXP) Price Target to $86.00

Marco Green
April 23, 2018

Evercore initiated the shares of AXP in report on Thursday, August 20 with "Hold" rating. On Thursday, April 19 the rating was maintained by Barclays Capital with "Equal-Weight". On Wednesday, January 10 the firm has "Hold" rating by Jefferies given. American Express presently has an average rating of Hold and a consensus price target of $106.09. The company was upgraded on Wednesday, April 26 by Guggenheim. As per Friday, January 19, the company rating was maintained by Wells Fargo. Leerink Swann maintained the stock with "Outperform" rating in Friday, August 14 report. Russell Investments Group Ltd. now owns 1,264,770 shares of the payment services company's stock valued at $114,398,000 after buying an additional 204,946 shares during the period.

Eqis Capital Management Inc increased American Express Co (AXP) stake by 43.33% reported in 2017Q4 SEC filing. Ballentine Partners Llc sold 3,710 shares as American Express Co (AXP)'s stock declined 7.41%. The Eqis Capital Management Inc holds 21,144 shares with $2.10M value, up from 14,752 last quarter. American Express has a 12 month low of $75.97 and a 12 month high of $102.96. AXP is reaching $100.79 during the last trading session, after decreased 1.54%.American Express Company is uptrending after having risen 17.81% since April 22, 2017. The shares were sold at an average price of $98.65, for a total transaction of $1,317,569.40. AXP is uptrending and has moved 17.81% since April 21, 2017. The stock outperformed the S&P 500 by 6.26%.

It decreased its stake in Schlumberger Ltd (NYSE:SLB) by 128,337 shares to 95,159 shares, valued at $6.41 million in 2017Q4, according to the filing. It also reduced Powershares Db Optimum Yield Diversified stake by 69,221 shares and now owns 2.27 million shares. Bank Amer Corp (NYSE:BAC) was raised too.

Investors of record on Friday, April 6th will be given a dividend of $0.35 per share. Its down 0.22, from 0.88 in 2017Q3. The ratio is positive due to AXP positioning: 42 sold and 442 reduced. 122 funds bought stakes and 311 increased stakes. Another trade for 96,440 shares valued at $9.38M was sold by CHENAULT KENNETH I. Another trade for 88,930 shares valued at $8.79 million was made by Buckminster Douglas E. on Monday, December 11. Reilly Advsr Ltd Llc has invested 0.01% in American Express Company (NYSE:AXP). Nuveen Asset Mngmt Limited holds 0.14% or 225,982 shares. Tci Wealth Advisors Incorporated stated it has 4,521 shares or 0.2% of all its holdings. Smith Salley & Associate reported 13,494 shares. Fjarde Ap owns 213,395 shares. Troy Asset Management Ltd who had been investing in American Express Co for a number of months, seems to be less bullish one the $86.69 billion market cap company. Markel has 0.72% invested in American Express Company (NYSE:AXP) for 386,000 shares. Eqis Cap Mgmt owns 21,144 shares. Tiedemann Wealth Management LLC now owns 33,435 shares of the payment services company's stock worth $634,000 after purchasing an additional 564 shares in the last quarter. Parametric Port Assocs Ltd Liability Corporation holds 2.33 million shares or 0.16% of its portfolio. Lincoln reported 0.02% in American Express Company (NYSE:AXP). Investor holds 0.04% or 10,000 shares in its portfolio. Nicholas Invest Ptnrs LP holds 0.23% or 20,824 shares. Buckingham Research raised their target price on shares of American Express from $110.00 to $111.00 and gave the stock a "neutral" rating in a report on Thursday. JPMorgan Chase downgraded shares of American Express from an overweight rating to a neutral rating and set a $90.00 target price for the a report on Friday, January 12th. The firm has "Buy" rating by Nomura given on Wednesday, September 6. The stock of Celgene Corporation (NASDAQ:CELG) has "Buy" rating given on Thursday, July 6 by Credit Suisse. Sanford C. Bernstein restated an "outperform" rating and issued a $120.00 target price (up previously from $115.00) on shares of American Express in a report on Thursday. Cullen Frost Bankers Inc sold 8,413 shares as the company's stock rose 2.38% while stock markets declined. The firm earned "Underweight" rating on Friday, September 9 by Atlantic Securities. Sterling Cap Mgmt Ltd stated it has 0.08% of its portfolio in American Express Company (NYSE:AXP). The firm has "Buy" rating given on Wednesday, February 28 by William Blair.

AXP registered $34.22 million net activity with 0 buys and 9 insider sales since October 25, 2017.

In other American Express news, insider James Peter Bush sold 13,356 shares of the stock in a transaction that occurred on Thursday, February 1st. 56,680 shares were sold by Gupta Ashwini, worth $5.63 million. SANDVOLD TORE I sold 3,500 shares worth $219,205. O'Neill Michael John sold 43,741 shares worth $4.32M. Williams Anre D also sold $2.87M worth of American Express Company (NYSE:AXP) shares. 701.90 million shares or 1.01% less from 709.03 million shares in 2017Q3 were reported.

Investors sentiment increased to 0.73 in 2017 Q4. Its down 0.10, from 1.12 in 2017Q3. Of Vermont invested in 1,465 shares. 140 funds opened positions while 365 raised stakes. North Dakota-based Bell National Bank has invested 0.53% in Bristol-Myers Squibb Company (NYSE:BMY). Asset Mgmt owns 118,693 shares for 0.27% of their portfolio. Kentucky Retirement has invested 0.48% in Medtronic plc (NYSE:MDT). Colony Grp Inc Limited Liability reported 48,232 shares. 3,265 are owned by Oakworth Capital. Retail Bank Of Montreal Can reported 2.48M shares or 0.21% of all its holdings. 15,498 were accumulated by Regentatlantic Capital Limited Liability Co. Mitsubishi Ufj Limited holds 460 shs. They expect $1.77 EPS, up 15.69% or $0.24 from last year's $1.53 per share. Xact Kapitalforvaltning AB now owns 137,731 shares of the payment services company's stock worth $13,678,000 after purchasing an additional 7,747 shares in the last quarter. The Virginia-based Verus Partners Inc has invested 0.3% in Apple Inc.

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