Economy

American Express Company (AXP) Boosts Outlook As Q3 Earnings Beat Expectations

The Quantitative Investment Management Llc holds 82,900 shares with $3.81 million value, up from 76,200 last quarter. Bath Savings Trust Co lifted its stake in American Express by 0.3% in the second quarter. AXP rose 0.29%, climbed 5.71% and advanced 21.34% in the week, one month and six months, respectively. About 96,045 shares traded. Inventergy Global Inc (OTCMKTS:INVT) has declined 90.23% since October 18, 2016 and is downtrending. It has outperformed by 5.71% the S&P500.

Artemis Investment Management Llp decreased Amazon Com Inc (AMZN) stake by 28.35% reported in 2017Q2 SEC filing. Its down 66.32% from 9,500 shares previously.

They expect $1.47 EPS, up 15.65% or $0.23 from last year's $1.24 per share. Jpmorgan Chase & Co now has $345.39B valuation. Appleton Partners Inc. MA now owns 2,658 shares of the payment services company's stock valued at $224,000 after buying an additional 8 shares during the last quarter.

About 1.69 million shares traded. It has outperformed by 40.38% the S&P500. Zacks Investment Research cut American Express from a "buy" rating to a "hold" rating in a report on Wednesday, August 30th. Therefore 26% are positive. HFF Inc had 10 analyst reports since August 4, 2015 according to SRatingsIntel. Morgan Stanley downgraded the shares of AXP in report on Monday, January 25 to "Equal-Weight" rating. Finally, Bank of America Corporation reissued a "buy" rating and set a $102.00 price objective on shares of American Express in a research report on Monday, October 9th.

American Express Company, together with its subsidiaries, is a global services company. Goldman Sachs has "Neutral" rating and $62 target. The rating was maintained by Deutsche Bank with "Buy" on Tuesday, February 9. Morgan Stanley dropped their price objective on American Express from $90.00 to $89.00 and set an "equal weight" rating on the stock in a research note on Friday, September 8th. (NASDAQ:NLST) on Thursday, September 17 to "Hold" rating.

Cymabay Therapeutics, Inc.is given 2 buy-equivalent recommendations, 0 sells and 0 holds. $377,212 worth of American Express Company (NYSE:AXP) was sold by GORDON MARC D on Wednesday, May 24. Insiders sold a total of 959,617 shares of company stock valued at $81,377,425 over the last ninety days.

Institutional investors have also been busy with the stock. Ishares Tr (TLT) was raised too.

Investors sentiment increased to 0.82 in 2017 Q2. Its up 0.26, from 1.46 in 2017Q1. 715.61 million shares or 0.88% less from 722.00 million shares in 2017Q1 were reported. Nationwide Fund Advsrs invested in 443,841 shares. Moreover, Grassi Investment has 0.35% invested in American Express Company (NYSE:AXP). The most recent shifts in number of shares owned by institutions came on June 30, 2017 when Geode Capital Management, Llc sold 28 shares from its total ownership of 2661. Cambiar Ltd Liability reported 568,237 shares. First Heartland Consultants has invested 0.17% in American Express Company (NYSE:AXP). Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0).

International Value Advisers Llc decreased American Express Company (AXP) stake by 0.33% reported in 2017Q2 SEC filing. American Express's revenue was up 8.5% compared to the same quarter past year. Blackrock holds 0% or 172,371 shares in its portfolio. Analysts are turning out to be more optimistic than before, with 11 of analysts who cover American Express Company (NYSE:AXP) advice adding it to buy candidate list.

HFF, Inc.is a holding company. Markston International Limited Liability Company reported 2.24% of its portfolio in American Express Company (NYSE:AXP). (NASDAQ:NLST). Vanguard Gp Incorporated holds 0% of its portfolio in Netlist, Inc.

Investors sentiment increased to 1.19 in 2017 Q2.

Since May 11, 2017, it had 0 insider buys, and 1 insider sale for $568,100 activity.

American Express declared that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that authorizes the company to repurchase $4.40 billion in outstanding shares. 23 funds opened positions while 56 raised stakes. 285.20 million shares or 2.71% less from 293.14 million shares in 2017Q1 were reported. Gw Henssler And Associates reported 321 shares. This indicates a relatively solid earnings per share growth rate of 59.12% over the next few years, which is an optimistic outlook in the near term. Hedeker Wealth Lc has 1,985 shares. Ahl Prns Llp invested 0.02% of its portfolio in HFF, Inc. Moreover, Boston Private Wealth Limited Liability has 1.12% invested in Amazon.com, Inc. Wells Fargo And Co Mn accumulated 0% or 32,048 shares. Bogle Inv Ltd Partnership De has invested 0.11% in HFF, Inc. Mraz Amerine Associates owns 9,291 shares or 0.24% of their U.S. portfolio.

Since May 2, 2017, it had 0 insider purchases, and 13 insider sales for $960.72 million activity. The insider ALBERG TOM A sold 735 shares worth $700,308. Armstrong World Industries Inc now has $2.81 billion valuation.

The company had seen its current volume reaching at 0.4 million shares in the last trade. It has a 0.11 P/E ratio. Bahl And Gaynor Inc has invested 0.01% in American Express Company (NYSE:AXP).



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