November 24, 2016 - By Ruchi Gupta · 0 Comments
American Express Co (NYSE:AXP) institutional sentiment increased to 0.86 in Q2 2016. Its up 0.12, from 0.74 in 2016Q1. The ratio increased, as 384 hedge funds increased or started new stock positions, while 518 reduced and sold their stakes in American Express Co. The hedge funds in our partner’s database now have: 746.25 million shares, down from 771.91 million shares in 2016Q1. Also, the number of hedge funds holding American Express Co in their top 10 stock positions decreased from 24 to 22 for a decrease of 2. Sold All: 77 Reduced: 441 Increased: 317 New Position: 67.
American Express Company is a services company. The company has a market cap of $66.87 billion. The Company’s principal services and products are charge and credit payment card products, and travel-related services offered to clients and businesses around the world. It has a 12.91 P/E ratio. The Company’s divisions include U.S.
The stock increased 1.63% or $1.17 on November 23, hitting $72.88. About 4.69 million shares traded hands. American Express Company (NYSE:AXP) has risen 10.54% since April 22, 2016 and is uptrending. It has outperformed by 5.13% the S&P500.
Analysts await American Express Company (NYSE:AXP) to report earnings on January, 19. They expect $0.99 earnings per share, down 19.51% or $0.24 from last year’s $1.23 per share. AXP’s profit will be $908.36M for 18.40 P/E if the $0.99 EPS becomes a reality. After $1.24 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts -20.16% negative EPS growth.
According to Zacks Investment Research, “American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and international banking services throughout the world. American Express Travel Related Services Company, Inc. provides a variety of products and services, including, global network services, the American Express Card, the Optima Card and other consumer and corporate lending products, stored value products, and several others.”
Davis Capital Partners Llc holds 9.21% of its portfolio in American Express Company for 875,000 shares. Berkshire Hathaway Inc owns 151.61 million shares or 7.1% of their US portfolio. Moreover, Claar Advisors Llc has 7.09% invested in the company for 235,000 shares. The New York-based Seminole Management Co. Inc. has invested 6.03% in the stock. United American Securities Inc. (D B A Uas Asset Management), a New York-based fund reported 160,050 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 3 selling transactions for $21.37 million net activity.
Ratings analysis reveals 19% of American Express Company’s analysts are positive. Out of 26 Wall Street analysts rating American Express Company, 5 give it “Buy”, 7 “Sell” rating, while 14 recommend “Hold”. The lowest target is $54 while the high is $95. The stock’s average target of $71 is -2.58% below today’s ($72.88) share price. AXP was included in 42 notes of analysts from July 23, 2015. The stock of American Express Company (NYSE:AXP) has “Hold” rating given on Friday, August 21 by Vetr. The stock of American Express Company (NYSE:AXP) has “Buy” rating given on Tuesday, February 9 by Deutsche Bank. The firm earned “Neutral” rating on Thursday, October 20 by Bank of America. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, January 22 report. Goldman Sachs downgraded American Express Company (NYSE:AXP) on Wednesday, January 13 to “Neutral” rating. Macquarie Research maintained American Express Company (NYSE:AXP) rating on Thursday, April 21. Macquarie Research has “Underperform” rating and $60 price target. The stock of American Express Company (NYSE:AXP) has “Underperform” rating given on Thursday, October 22 by Credit Suisse. The stock of American Express Company (NYSE:AXP) earned “Market Perform” rating by JMP Securities on Tuesday, December 22. The rating was maintained by Janney Capital on Thursday, September 17 with “Buy”. The company was maintained on Thursday, September 24 by Jefferies.
American Express Company, incorporated on June 10, 1965, is a services company. The Company’s principal services and products are charge and credit payment card products, and travel-related services offered to clients and businesses around the world. The Company’s divisions include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
More news for American Express Company (NYSE:AXP) were recently published by: Bizjournals.com, which released: “Small Business Saturday expands beyond American Express, and the company is …” on November 23, 2016. Investorplace.com‘s article titled: “Should You Buy the Dow? American Express Company (AXP) Stock” and published on October 28, 2016 is yet another important article.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Ruchi Gupta