Economy

Institutional Investors Are Selling American Express Co (NYSE:AXP)

Institutional Investors Are Selling American Express Co (NYSE:AXP)”

GORDON MARC D sold 4,900 shares worth $377,212. This repurchase authorization permits the payment services company to repurchase up to 5.9% of its stock through open market purchases. The stock increased 0.89% or $0.56 during the last trading session, reaching $63.49.

About 2.78 million shares traded or 676.05% up from the average. It has underperformed by 32.90% the S&P500. Finally, First Eagle Investment Management LLC increased its position in American Express by 1.9% during the first quarter. In the last 90 days, insiders have sold 949,387 shares of company stock worth $80,451,099. Susan Sobbott, Pres., Glbl Commercial Pymnts reported the sale of 6,000 shares of AXP stock. Front Barnett Associates Llc who had been investing in American Express Co for a number of months, seems to be less bullish one the $78.17 billion market cap company. The stock declined 0.19% or $0.17 reaching $88.26 on the news.

Here is a rundown on some insider market activity for American Express Company (NYSE:AXP). It has outperformed by 5.71% the S&P500.

American Express Company Company Profile American Express Company, together with its subsidiaries, is a global services company. Therefore 50% are positive. Guggenheim reiterated a "buy" rating and issued a $95.00 price objective (up from $90.00) on shares of American Express in a report on Saturday, July 22nd. Zacks Investment Research downgraded shares of American Express from a "buy" rating to a "hold" rating in a research report on Wednesday, August 30th. Morgan Stanley maintained American Express Company (NYSE:AXP) on Thursday, April 21 with "Equal-Weight" rating. Goldman Sachs maintained American Express Company (NYSE:AXP) on Thursday, April 21 with "Neutral" rating. The stock now has a average recommendation of "Hold" and an consensus price target of $86.29. As per Friday, January 22, the company rating was maintained by RBC Capital Markets. American Express Company (NYSE:AXP) has risen 22.41% since September 21, 2016 and is uptrending. Piper Jaffray reinitiated the stock with "Neutral" rating in Wednesday, November 25 report. The rating was maintained by Jefferies on Tuesday, May 30 with "Hold". Its up 0.28, from 1.25 in 2017Q1. It improved, as 55 investors sold AXP shares while 443 reduced holdings.

Other institutional investors and hedge funds have also made changes to their positions in the company. The payment services company reported $1.47 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.44 by $0.03. Caprock invested in 9,308 shares. Bnp Paribas Asset has 0.11% invested in American Express Company (NYSE:AXP) for 149,762 shares. Noesis Mangement holds 116,242 shares or 3.75% of its portfolio. Daiwa Secs Gp holds 68,590 shares. Pinnacle Assocs invested in 136,218 shares. Alliancebernstein Lp holds 0.15% or 2.27 million shares in its portfolio. Leisure Management reported 19,772 shares. First Quadrant L P Ca accumulated 60,367 shares. Wellington Management Group LLP now owns 17,198,787 shares of the payment services company's stock worth $1,360,596,000 after buying an additional 3,071,573 shares during the last quarter. Parthenon Llc acquired 4,670 shares as American Express Co (AXP)'s stock declined 3.65%. Following the completion of the transaction, the insider now directly owns 79,614 shares in the company, valued at approximately $6,786,297.36. Tctc Limited Liability Corporation stated it has 10,288 shares or 0.06% of all its holdings. Financial Bank Of America De stated it has 0.13% in American Express Company (NYSE:AXP). The payment services company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.03. They expect $1.47 EPS, up 18.55% or $0.23 from last year's $1.24 per share. AXP's profit would be $1.30 billion giving it 15.04 P/E if the $1.47 EPS is correct. BlackRock added additional shares of American Express by 2,686.0% through out the 1st period. State Street Corp now owns 40,399,620 shares of the payment services company's stock worth $3,196,011,000 after buying an additional 731,315 shares during the last quarter. More interesting news about Bristol-Myers Squibb Co (NYSE:BMY) were released by: Realmoney.Thestreet.com and their article: "Bristol-Myers Squibb Is Primed for an Upside Breakout" published on August 31, 2017 as well as Reuters.com's news article titled: "Halozyme to license drug delivery tech to Roche, Bristol-Myers" with publication date: September 14, 2017. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the company. XLRN was included in 2 notes of analysts from September 29, 2016. The firm earned "Hold" rating on Friday, August 21 by Vetr. The firm has "Buy" rating by Deutsche Bank given on Tuesday, February 9. The firm earned "Underweight" rating on Monday, August 24 by Piper Jaffray. On Tuesday, June 13 the stock rating was maintained by Keefe Bruyette & Woods with "Buy".

Investors sentiment increased to 1.53 in Q2 2017. Its up 0.04, from 0.78 in 2017Q1. 120 funds opened positions while 451 raised stakes. Hartford Inv Mngmt has invested 0.28% in American Express Company (NYSE:AXP). Gamble Jones Invest Counsel, California-based fund reported 11,085 shares. Navellier & Assoc reported 0.29% stake. Manufacturers Life Ins The reported 0% of its portfolio in Monotype Imaging Holdings Inc. Kentucky-based Kentucky Retirement has invested 0.44% in Bristol-Myers Squibb Co (NYSE:BMY). Kistler accumulated 2,003 shares. 21,495 are owned by Eqis. The fund owned 26,313 shares of the payment services company's stock after selling 8,259 shares during the period. 5,811 are held by Milestone Gru.

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