American Express (NYSE:AXP) Coverage Initiated at Instinet

Doris Richards
January 13, 2018

Also, insider James Peter Bush sold 12,789 shares of the company's stock in a transaction that occurred on Tuesday, January 2nd. The payment services company reported $1.50 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.47 by $0.03. The company has market cap of $7.25 billion. The stock increased 0.51% or $0.41 during the last trading session, reaching $80.87. Time Inc. (NYSE:TIME) has declined 15.24% since January 12, 2017 and is downtrending. It has underperformed by 9.72% the S&P500. American Express had a net margin of 14.48% and a return on equity of 22.73%. Gm Advisory Group Inc sold 4,800 shares as the company's stock declined 3.65% while stock markets rallied. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS). Dearborn Partners LLC now owns 2,861 shares of the payment services company's stock valued at $241,000 after buying an additional 18 shares in the last quarter.

American Express (AXP) traded up $0.70 during trading hours on Thursday, reaching $101.22. It has outperformed by 5.71% the S&P500. The Navellier & Associates Inc holds 15,200 shares with $1.38 million value, down from 22,800 last quarter. It also upped Kroger Co (Call) (NYSE:KR) stake by 100,000 shares and now owns 147,500 shares.

ILLEGAL ACTIVITY NOTICE: "Brokers Set Expectations for American Express Company's Q2 2018 Earnings (NYSE:AXP)" was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. During the same quarter in the previous year, the company posted $1.24 earnings per share. NDAQ's profit will be $166.23 million for 20.22 P/E if the $1.00 EPS becomes a reality. After $1.50 actual EPS reported by American Express Company for the previous quarter, Wall Street now forecasts 2.67% EPS growth.

Since July 31, 2017, it had 0 insider purchases, and 11 insider sales for $38.86 million activity. SIBBERN BJORN sold $228,510 worth of stock or 3,000 shares.

Robertson Opportunity Capital Llc holds 4.17% of its portfolio in Synopsys, Inc. for 90,000 shares. The insider Sobbott Susan sold 6,000 shares worth $506,340. The firm owned 1,322,259 shares of the payment services company's stock after selling 111,190 shares during the period. The shares were sold at an average price of $97.30, for a total transaction of $9,383,612.00. Zacks Investment Research upgraded shares of American Express from a "hold" rating to a "buy" rating and set a $107.00 price objective on the stock in a research report on Wednesday, November 1st. Therefore 69% are positive.

Ratings analysis reveals 29% of American Express Company's analysts are positive. Nomura downgraded the stock to "Reduce" rating in Thursday, October 6 report. The firm has "Neutral" rating by DA Davidson given on Wednesday, January 13. Wood maintained American Express Company (NYSE:AXP) on Tuesday, April 11 with "Buy" rating. Zukauckas Linda sold $304,962 worth of American Express Company (NYSE:AXP) on Friday, October 27. Compass Point downgraded the shares of AXP in report on Thursday, October 12 to "Hold" rating. BMO Capital Markets maintained the stock with "Hold" rating in Thursday, June 1 report. Johnson Investment Counsel holds 1.44% of its portfolio in American Express Company (NYSE:AXP) for 602,732 shares. Jefferies Group reiterated an "in-line" rating and set a $93.00 target price (up from $85.00) on shares of American Express in a research note on Thursday, October 19th.

Investors sentiment increased to 0.83 in 2017 Q3. Its down 0.09, from 1.08 in 2017Q2. The investor is now holding $7.82 million shares due in part to a decrease of 33434 new shares in their portfolio.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AXP. The stock has "Buy" rating by Bank of America on Monday, January 9. Delta Asset Management Ltd Liability Tn invested 0.01% of its portfolio in American Express Company (NYSE:AXP). Koshinski Asset Inc stated it has 0.16% in American Express Company (NYSE:AXP). Btim Corporation owns 0.76% invested in American Express Company (NYSE:AXP) for 538,435 shares. Town Country Bank & Trust Dba First Bankers accumulated 4,825 shares or 0.23% of the stock. Alpha Windward LLC boosted its stake in American Express Company by 1.3% in the third quarter. 7,500 were reported by Crestpoint Capital Mngmt Limited Liability Company. Security Trust stated it has 3,560 shares. Los Angeles Mngmt And Equity Inc invested in 0.31% or 585,463 shares. About 344,714 shares traded. Ontario Teachers Pension Plan Board reported 128,577 shares. It increased, as 10 investors sold Jamba, Inc. shares while 14 reduced holdings. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company. Therefore 33% are positive. The firm has "Hold" rating given on Tuesday, October 24 by Atlantic Securities. (NYSE:IT) on Tuesday, July 11 with "Buy" rating. Piper Jaffray maintained the stock with "Buy" rating in Thursday, July 13 report. The firm earned "Sell" rating on Friday, September 15 by RBC Capital Markets. The firm has "Sell" rating given on Thursday, July 20 by RBC Capital Markets. (NASDAQ:JMBA) earned "Sell" rating by TheStreet on Wednesday, August 26. The stock has "Outperform" rating by Evercore on Friday, November 17.

Investors sentiment decreased to 1.17 in Q3 2017. Its up 0.06, from 0.57 in 2017Q2. 43,741 shares valued at $4.32M were sold by O'Neill Michael John on Monday, December 11. 3 funds opened positions while 12 raised stakes. (NASDAQ:NDAQ) for 1,406 shares. Timessquare Cap Lc invested 0.55% of its portfolio in Leggett & Platt, Incorporated (NYSE:LEG). San Francisco Sentry Invest Grp (Ca) reported 1,009 shares stake. Laurion Capital Limited Partnership holds 0.04% or 112,202 shares. Employees Retirement Association Of Colorado accumulated 43,019 shares. 169.87 million shares or 1.18% less from 171.89 million shares in 2017Q2 were reported. Meiji Yasuda Asset Mgmt Communications Limited reported 8,396 shares. Northern Tru Corporation has invested 0% of its portfolio in Valeant Pharmaceuticals International, Inc.

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