Compass Point Downgrades Rating On American Express Company (AXP)

Lloyd Doyle
October 13, 2017

The Nebraska-based Westchester Capital Management Inc. has invested 3.98% in the stock. Sumitomo Mitsui Trust Holding has 0.29% invested in American Express Company (NYSE:AXP) for 2.32 million shares.

The stock has a market cap of $80.98 billion, a P/E ratio of 18.79 and a beta of 1.21. About 1.11M shares traded or 126.47% up from the average.

Analysts on average have given a price target of $87.91 to American Express Company (AXP) stock. It has outperformed by 5.71% the S&P500.

Grandfield & Dodd Llc decreased American Express Co (AXP) stake by 15.03% reported in 2017Q2 SEC filing. The stock was sold at an average price of $85.88, for a total transaction of $513,648.28. This repurchase authorization allows the payment services company to buy up to 5.9% of its shares through open market purchases. About 151,307 shares traded. Waste Management, Inc. (WM) has risen 16.03% since October 12, 2016 and is uptrending. Investors of record on Friday, October 6th will be issued a $0.35 dividend. Its up 0.04, from 0.78 in 2017Q1. The stock traded on unusually shows upbeat performance moved up volume of 1.76 Million comparing to the average volume of 234.07 shares, completing picture of exact trends with uncompleted dots in volume over the norm. Banque Pictet And Cie Sa reported 81,912 shares or 0.16% of all its holdings.

The company is down by 0.15%% since yesterday's close of 91.96. 89,725 were accumulated by Bragg Advsr Inc. State Street Corp now owns 40,399,620 shares of the payment services company's stock valued at $3,196,011,000 after purchasing an additional 731,315 shares during the period.

American Express declared that its board has approved a stock repurchase plan on Wednesday, June 28th that allows the company to repurchase $4.40 billion in outstanding shares. Cetera Ltd Limited Liability Company holds 10,772 shares. Randolph Co Inc, a Ohio-based fund reported 305,850 shares. Evanson Asset Management Ltd Liability stated it has 0.07% in American Express Company (NYSE:AXP). 78,161 were reported by Founders Capital Management Ltd Com.


Royal Bank of Canada, is a diversified financial services company. Central Securities holds 2.26% or 150,000 shares in its portfolio.

American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, July 19th. The correct version of this story can be read at https://www.dispatchtribunal.com/2017/10/11/american-express-company-axp-coverage-initiated-by-analysts-at-wells-fargo-company.html. American Express had a return on equity of 21.90% and a net margin of 14.11%. The payment services company reported $1.47 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.44 by $0.03. The shares went up by 6.25% in value last month. AXP's profit will be $1.29B for 15.68 P/E if the $1.47 EPS becomes a reality. After $1.47 actual EPS reported by American Express Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth. 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. It also reduced Weyerhaeuser Co (NYSE:WY) stake by 1.01 million shares and now owns 1.09 million shares.

Since April 28, 2017, it had 0 buys, and 2 insider sales for $614,932 activity. Stephens raised American Express from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $70.00 to $82.00 in a report on Tuesday, June 20th.

Monitoring the indicators for American Express Company (AXP), we have noticed that the Plus Directional Indicator is now higher than the Minus Directional Indicator. Therefore 29% are positive. American Express Company had 75 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Thursday, July 20 by Oppenheimer. Vetr downgraded American Express Company (NYSE:AXP) rating on Monday, August 10. Nomura has "Neutral" rating and $78 target. The stock of Uni Select Inc (TSE:UNS) earned "Buy" rating by Desjardins Securities on Friday, February 10. "The rating was upgraded by Guggenheim on Wednesday, April 26 to ". The firm has "Sell" rating by UBS given on Friday, January 22. The rating was maintained by Goldman Sachs on Friday, April 21 with "Neutral". S&P Research maintained the stock with "Hold" rating in Monday, September 14 report. Its down 0.06, from 0.98 in 2017Q1. Over the last quarter, insiders have sold 959,617 shares of company stock valued at $81,377,425. 50 funds opened positions while 119 raised stakes. Cubic Asset Management Ltd accumulated 66,233 shares.

Crown Castle International Corp. (NYSE:LUK) for 140,005 shares. Cypress Capital Mngmt Ltd Llc (Wy) holds 400 shares. San Francisco Sentry Inv Gru (Ca) has 1,275 shares for 0.01% of their portfolio. The Grandfield & Dodd Llc holds 30,548 shares with $2.57M value, down from 35,950 last quarter. Cleararc Capital reported 0.03% stake. Aspen has 3,825 shares for 0.24% of their portfolio. Proshare Advsr Ltd Liability Com holds 111,778 shares or 0.03% of its portfolio.

Quinn Opportunity Partners Llc holds 9.39% of its portfolio in Staples, Inc. for 5.53 million shares. Moreover, Hartford has 0.04% invested in Leucadia National Corp.

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