American Express Co (NYSE:AXP) Big Money Quarterly Sentiment at 0.89

May 16, 2018 - By Billy Entrekin

American Express Company (NYSE:AXP) Corporate Logo

Positions for American Express Co (NYSE:AXP)

In Q4 2017 American Express Co (NYSE:AXP) big money sentiment increased to 0.89, revealed SEC filings. So its up 0.06, from 2017Q3’s 0.83. 433 funds started new and increased positions, while 484 cut down and sold their holdings in American Express Co so the sentiment is more positive. Funds own 701.90 million shares, down from 709.03 million shares in 2017Q3. Funds holding American Express Co in top 10 changed to 35 from 42 for a decrease of 7. In total 42 funds closed positions, 442 reduced and 311 increased. Also 122 funds bought new American Express Co stakes.

Most American Express Co Investors

Seminole Management Co. Inc. owns 581,581 shares in American Express Co as of Q4 2017. As of Q4 2017, 11.00 million shares of American Express Co are owned by Veritas Asset Management Llp. Also, Berkshire Hathaway Inc reported 151.61 million shares in American Express Co equivalent to 7.87% of its equity exposure. The California-based fund Davis Capital Partners Llc have invested about 7.62% of the fund’s stock portfolio in American Express Co. The Michigan-based fund Rk Asset Management Llc looks positive on American Express Co, having 80,301 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 valued at $86.54 billion. It operates through four divisions: U.S.33.87 is the P/E ratio. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

Ticker’s shares touched $100.59 during the last trading session after 0.15% change.American Express Company has volume of 1.47 million shares. Since May 16, 2017 AXP has risen 17.81% and is uptrending. The stock outperformed the S&P 500 by 6.26%.

On July, 18 WallStreet anticipated American Express Company (NYSE:AXP)’s earnings release, as reported by RTT. Analysts predict $1.82 EPS, which is $0.35 up or 23.81 % from 2017’s $1.47 EPS. This could reach $1.57 billion profit for AXP assuming the current $1.82 EPS will become reality. After $1.86 EPS was published last quarter, analysts now see negative EPS growth of -2.15 % for American Express Company.

Columbia Asset holds 0.94% or 32,926 shs in its capital. Argi Inv Serv Ltd Com owns 4,011 shs. Pettee Invsts reported 0.9% in American Express Company (NYSE:AXP). Greylin Inv Mangement stated it has 0.05% in American Express Company (NYSE:AXP). Tower Bridge Advsrs has 13,100 shs. Jnba owns 272 shs. Garrison Fincl holds 0.29% or 5,599 shs in its capital. X Management Com holds 0.02% or 10,823 shs in its capital. Summit Ltd Liability Company holds 9,800 shs or 0.12% of its capital. New Mexico Educational Retirement Board holds 70,513 shs. Wellington Mngmt Gp Llp reported 19.30M shs. Moreover, Alpha Windward Limited Liability Company has 0.14% invested in American Express Company (NYSE:AXP). 11,390 were accumulated by Gam Ag. Hbk Sorce Advisory Limited Liability accumulated 10,590 shs or 0.12% of the stock. Fairfield Bush & invested in 0.31% or 11,295 shs.

American Express Company registered $37.90 million net activity with 0 insider purchases and 9 insider sales since December 11, 2017. 96,440 shs were sold by CHENAULT KENNETH I, worth $9.38M. On Tuesday, May 1 $882,406 worth of stock was sold by CAMPBELL JEFFREY C. 12,500 shs valued at $1.23 million were sold by Squeri Stephen J on Tuesday, May 1. The insider Bush James Peter sold $1.27 million. On Tuesday, December 12 Gupta Ashwini had sold 56,680 shs worth $5.63M. $8.79M worth of American Express Company (NYSE:AXP) shs were sold by Buckminster Douglas E..

American Express Company (NYSE:AXP) Ratings Coverage

Total analysts of 23 have positions in American Express (NYSE:AXP) as follows: 11 rated it a “Buy”, 2 with “Sell” and 10 with “Hold”. The positive are 48%. Since December 5, 2017 according to StockzIntelligence Inc American Express has 38 analyst reports. On Monday, February 12 the rating was upgraded by Nomura to “Buy”. On Friday, February 2 the company was maintained by Morgan Stanley. In Tuesday, March 27 report UBS initiated the stock with “Buy” rating. On Monday, December 18 the stock has “Buy” rating by Bank of America. On Thursday, April 12 Oppenheimer maintained American Express Company (NYSE:AXP) rating. Oppenheimer has “Buy” rating and $11000 target. In Wednesday, January 17 report Credit Suisse maintained the stock with “Sell” rating. The stock rating was maintained by Piper Jaffray with “Hold” on Wednesday, April 18. In Thursday, April 19 report Guggenheim maintained the stock with “Hold” rating. In Thursday, April 19 report Susquehanna maintained the stock with “Buy” rating. On Thursday, December 28 the stock has “Buy” rating by Susquehanna.

For more American Express Company (NYSE:AXP) news announced recently go to: Seekingalpha.com, Seekingalpha.com, Benzinga.com, Nasdaq.com or 247Wallst.com. The titles are as follows: “American Express Is Firing On All Cylinders” announced on April 19, 2018, “How Far Could American Express Fall?” on May 02, 2018, “Warren Buffett Pushing More Cash To Equities; ‘Big 5’ Stocks Still At The Top” with a publish date: May 16, 2018, “3 Dividend Stocks to Fund Your Nest Egg” and the last “Why Amex Could Be Poised for a Strong Q1” with publication date: April 18, 2018.

American Express Company (NYSE:AXP) Institutional Investors Chart

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