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Main » American Express (AXP) Tops Q1 Revenue Estimates, Earnings Climb 38%

American Express (AXP) Tops Q1 Revenue Estimates, Earnings Climb 38%

20 April 2018

The stock outperformed the S&P 500 by 6.26%.

Jacobs Levy Equity Management Inc decreased Kroger Co (KR) stake by 62.68% reported in 2017Q4 SEC filing. The Bp Wealth Management Llc holds 54,382 shares with $4.30 million value, down from 67,435 last quarter. The stock increased 0.17% or $0.03 during the last trading session, reaching $14.43. About 145,213 shares traded. 52% are bullish. 30 are the (NYSE:AXP)'s analyst reports since October 24, 2017 according to StockzIntelligence Inc. It has underperformed by 39.22% the S&P500.

Among 21 analysts covering American Express (NYSE:AXP), 11 have Buy rating, 2 Sell and 8 Hold. Therefore 35% are positive. Stephens set a $97.00 price objective on American Express and gave the company a "hold" rating in a report on Tuesday, January 2nd. Looking back further, American Express Company stock has been 11.65% over the last six months, and 3.08% since the start of the calendar year. Bank of America maintained it with "Buy" rating and $128.0 target in Monday, December 18 report.

Although the popular stocks that receive a high level of media coverage tend to recover quicker after a sell-off, there may be plenty of under the radar stocks that are ripe for buying. Franklin Resources Inc sold 1.15M shares as the company's stock declined 2.02% with the market. The company was initiated on Tuesday, October 24 by Atlantic Securities. On Friday, January 12 J.P. Morgan downgraded American Express Company (NYSE:AXP) to "Hold" rating. BMO Capital Markets maintained the shares of AXP in report on Thursday, June 1 with "Hold" rating. Jefferies maintained American Express Company (NYSE:AXP) rating on Wednesday, April 11. The stock of Shire plc (NASDAQ:SHPG) has "Hold" rating given on Wednesday, September 30 by HSBC.

Ruffer Llp, which manages about $2.46B US Long portfolio, decreased its stake in Wheaton Precious Metals Corp by 719,449 shares to 2.67M shares, valued at $59.12 million in 2017Q4, according to the filing.

Since October 25, 2017, it had 0 buys, and 9 selling transactions for $34.22 million activity. The insider Gupta Ashwini sold 56,680 shares worth $5.63 million. Zukauckas Linda had sold 3,196 shares worth $304,962.

On 12/11/2017 Douglas E Buckminster, Insider, sold 88,930 with an average share price of $98.87 per share and the total transaction amounting to $8,792,509.10. Another trade for 96,440 shares valued at $9.38M was sold by CHENAULT KENNETH I. D E Shaw holds 0% of its portfolio in American Express Company (NYSE:AXP) for 21,888 shares.

During Q4 2017 the big money sentiment increased to 0.89. It has change of 0.06, from 2017Q3's 0.83. It increased, as 42 investors sold AXP shares while 442 reduced holdings. 122 funds amassed stakes and 311 increased stakes. During the same period a year ago, the firm posted $1.34 earnings per share.

Ingalls & Snyder Limited Liability invested in 15,102 shares or 0.07% of the stock. Following the completion of the sale, the insider now owns 50,463 shares of the company's stock, valued at $3,932,581.59. Burt Wealth Advisors has invested 0.21% in American Express Company (NYSE:AXP). Rothschild Asset Mgmt accumulated 587,285 shares or 0.62% of the stock. After $0.62 actual earnings per share reported by Suncor Energy Inc. for the previous quarter, Wall Street now forecasts -25.81% negative EPS growth. Willis Inv Counsel reported 72,265 shares. Geode Cap Mgmt Lc invested in 7.70M shares. Park Corporation Oh accumulated 1.04% or 187,849 shares. 331.54 million shares or 0.44% more from 330.10 million shares in 2017Q3 were reported. (NYSE:DDR). Comerica Natl Bank invested 0% of its portfolio in DDR Corp. Burt Wealth Advsrs invested 0.21% in American Express Company (NYSE:AXP).

The holdings In American Express Company (AXP) was reduced owned by Charles De Vaulx. Over the last quarter, shares have performed 2.51%. The rating was upgraded by Nomura on Monday, February 12 to "Buy". Therefore 43% are positive. The California-based Primecap Management Ca has invested 0.04% in American Express Company (NYSE:AXP). TD Securities maintained Goldcorp Inc. (NYSE:OII) on Friday, October 27 with "Hold" rating. In Thursday, December 28 report Susquehanna maintained the stock with "Buy" rating. The company was maintained on Tuesday, February 27 by Barclays Capital. As per Wednesday, January 17, the company rating was maintained by Credit Suisse. The rating was downgraded by Boenning & Scattergood to "Neutral" on Tuesday, October 18. The company was maintained on Friday, September 22 by Keefe Bruyette & Woods.

Invesco California Value Municipal Income Trust (VCV) investors sentiment increased to 1.64 in 2017 Q4. Its up 0.06, from 0.83 in 2017Q3. 40 funds opened positions while 77 raised stakes.

Shares of NYSE AXP opened at $102.37 on Wednesday.

The current market cap of DropCar, valued at $3.87M. National Pension Serv, a Korea-based fund reported 635,947 shares. Teachers Retirement Sys Of The State Of Kentucky stated it has 0% of its portfolio in Oceaneering International, Inc. For the next financial year, analysts expect that the firm will post earnings of $7.96 per share, with EPS estimates ranging from $7.45 to $8.45. American Express Company has a one year low of $57.15 and a one year high of $82.00.