American Express Co (NYSE:AXP) Stock Price Up as Sentiment Crashes, now at 0.81

June 26, 2018 - By Bridget Boland

American Express Company (NYSE:AXP) Corporate Logo

Positions for American Express Co (NYSE:AXP)

“Big money sentiment for American Express Co (NYSE:AXP) in Q1 2018 decreased to 0.81, according to SEC filings. That’s down -0.08, from 2017Q4’s 0.89. 417 active investment managers opened new or increased positions, while 514 cut down and sold stakes in American Express Co so the sentiment dived. Funds own 695.82 million shares, down from 701.90 million shares in 2017Q4. Funds holding American Express Co in top 10 changed to 32 from 35 for a decrease of 3. 52 Investors Sold All; 462 Reduced Holdings; 318 increased stakes while 99 active investment managers bought stakes.

Most American Express Co Shareholders

As of Q1 2018 Seminole Management Co. Inc. has 13.17% invested in American Express Co. American Express Co’s shareholder Veritas Asset Management Llp owns 12.00 million shares as of Q1 2018. Further, Berkshire Hathaway Inc reported 151.61 million shares in American Express Co equivalent to 7.48% of its stock exposure. Davis Capital Partners Llc revealed 700,000 shares position in American Express Co. The Michigan-based fund Rk Asset Management Llc looks positive on American Express Co, having 69,993 shares.

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to clients and businesses worldwide.The firm is worth $84.48 billion. It operates through four divisions: U.S.The P/E ratio is 28.53. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

AXP hit $98.19 during the last trading session after $0.35 change.American Express Company is uptrending after having risen 30.55% since June 26, 2017. AXP has 4.70 million volume or 31.19% up from normal. The stock outperformed the S&P 500 by 17.98%.

On July, 18. Investors expect American Express Company (NYSE:AXP) to announce its quarterly earnings, Zacks reports. Analysts predict 23.13 % diference or $1.81 from the $1.47 EPS from 2017. If AXP’s EPS is $1.81 the profit will be $1.56B for 13.56 P/E. Wall Street now sees -2.69 % negative EPS growth despite American Express Company previous quarter’s EPS of $1.86.

Edge Wealth Mgmt Limited Company has 0.02% invested in American Express Company (NYSE:AXP) for 759 shs. Cambiar Investors Ltd Limited Liability Company invested in 423,199 shs. Ballentine Limited Liability Company reported 0.03% stake. Ajo Limited Partnership has 0.02% invested in American Express Company (NYSE:AXP) for 54,681 shs. Berkshire Hathaway holds 7.48% or 151.61 million shs in its capital. Schulhoff & Co Inc stated it has 0.25% of its capital in American Express Company (NYSE:AXP). Pettee Investors holds 15,000 shs. Joel Isaacson Comm Ltd Liability Co invested in 6,948 shs or 0.11% of the stock. 480,283 are held by Confluence Investment Mgmt Limited Co. Legal & General Group Public Limited Liability Company reported 3.40M shs or 0.24% of all its holdings. Moreover, Macguire Cheswick & Tuttle Invest Counsel Ltd Liability Company has 0.06% invested in American Express Company (NYSE:AXP) for 3,344 shs. Evanson Asset Limited Liability Co stated it has 0.07% in American Express Company (NYSE:AXP). Washington invested in 6,597 shs. The Washington-based Brighton Jones Lc has invested 0.05% in American Express Company (NYSE:AXP). Skba Cap Ltd Liability Company reported 0.04% stake.

American Express Company registered $12.05 million net activity with 0 insider buys and 8 insider sales since January 2, 2018. On Tuesday, May 1 Squeri Stephen J sold $1.23 million worth of American Express Company (NYSE:AXP). On Thursday, April 19 Cox L Kevin sold $5.07 million worth of American Express Company (NYSE:AXP). $376,710 worth of stock was sold by Buckminster Douglas E. on Wednesday, February 21. CAMPBELL JEFFREY C sold $882,406 worth of stock. On Tuesday, May 22 Shares for $1.02 million were sold by Petrino Richard.

American Express Company (NYSE:AXP) Ratings Coverage

In total 22 analysts cover American Express (NYSE:AXP). “Buy” rating has 10, “Sell” are 2, while 10 are “Hold”. (NYSE:AXP) has 45% bullish analysts. 36 are the (NYSE:AXP)’s ratings reports on 26 Jun 2018 according to StockzIntelligence Inc. On Monday, February 12 Nomura upgraded the shares of AXP in report to “Buy” rating. On Wednesday, April 11 Jefferies maintained the shares of AXP in report with “Hold” rating. The company rating was maintained by Oppenheimer on Thursday, April 12. On Wednesday, January 17 the company was maintained by Guggenheim. The stock rating was maintained by Sandler O’Neill with “Buy” on Tuesday, January 16. On Monday, January 8 the rating was maintained by RBC Capital Markets with “Sell”. On Thursday, January 18 the company was maintained by Piper Jaffray. On Thursday, January 11 Barclays Capital maintained American Express Company (NYSE:AXP) rating. Barclays Capital has “Hold” rating and $119.0 target. The stock rating was maintained by Susquehanna with “Buy” on Thursday, April 19. On Thursday, April 19 the company was maintained by Guggenheim.

For more American Express Company (NYSE:AXP) news announced briefly go to: Fool.com, Bizjournals.com, Fool.com, Streetinsider.com or 247Wallst.com. The titles are as follows: “Why American Express Is Pulling the Plug on This Rewards Program” announced on June 25, 2018, “How the revamped Wells Fargo, American Express rewards card stacks up against the competition” on June 26, 2018, “3 Stocks to Buy and Hold for Decades” with a publish date: June 25, 2018, “American Express (AXP) Confirms US Supreme Victory” and the last “Will Amazon Deal Drive American Express Volume Past Mastercard?” with publication date: June 26, 2018.

American Express Company (NYSE:AXP) Institutional Investors Chart

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