Published: Fri, April 06, 2018
Business | By Tara Barton

Recent Investment Analysts' Ratings Changes for American Express (AXP)


Credit Suisse Group reaffirmed a "hold" rating and issued a $94.00 target price on shares of American Express in a research report on Friday, March 16th. The company had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $8.73 billion. The stock increased 0.06% or $0.02 during the last trading session, reaching $34.37. (NYSE:RS) has risen 8.18% since April 6, 2017 and is uptrending. It has underperformed by 9.07% the S&P500.

Based on the latest 2017Q4 regulatory filing with the SEC, Michael Messner decreased its stake in American Express Co (AXP) by 20.93%. Veritas Asset Management LLP now owns 7,659,651 shares of the payment services company's stock valued at $465,400,000 after buying an additional 686,254 shares in the last quarter. They expect $1.71 EPS, up 27.61% or $0.37 from last year's $1.34 per share. (NYSE:AXP) has 45% bullish analysts. Semper Augustus Investments Group Llc sold 119,109 shares as the company's stock declined 5.97% with the market. It has outperformed by 6.26% the S&P500. Rothschild Asset Management Inc holds 587,285 shares.

Seminole Management has risen its stake in Alliancebernstein Holding Lp (NYSE:AB) and also increased its holding in Bp Plc (NYSE:BP) by 210,120 shares in the quarter, for a total of 258,420 shares.

Investors sentiment increased to 1.07 in Q4 2017. Its up 0.05, from 1.13 in 2017Q3. It dropped, as 18 investors sold AVX shares while 41 reduced holdings. 60 funds opened positions while 166 raised stakes. The stock appeared $102.39 above its 52-week highs and is up 2.36% for the last five trades. Atwood And Palmer Inc invested in 0.01% or 400 shares. (NYSE:RS) for 186,610 shares. Yorktown Mngmt Rech owns 11,100 shares or 0.27% of their U.S. portfolio. Apg Asset Management Nv stated it has 0.18% in FirstEnergy Corp. Tradition Capital Mgmt Limited Liability Corporation stated it has 22,194 shares or 0.6% of all its holdings. (NYSE:RS) for 1,819 shares. Kentucky Retirement System has invested 0.06% of its portfolio in FirstEnergy Corp. The shares of the corporation went down by -3.19% during the previous month. 800 were accumulated by First Manhattan Company. Glg Limited Liability Co holds 38,319 shares. (NYSE:FE) for 10,363 shares. (NYSE:FE). Crow Point Prns Limited Co reported 0.96% of its portfolio in FirstEnergy Corp. (NYSE:RS). Moreover, Cornerstone Cap has 2.72% invested in Reliance Steel & Aluminum Co. (NYSE:FE) for 283,237 shares. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Shares to buy from the think tanks: Amazon.com, Inc
Amazon .com makes up about 5.5% of Bender Robert & Associates' investment portfolio, making the stock its 4th largest holding. Amazon .com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally.

Several brokerages have recently commented on AXP. The rating was maintained by Robert W. Baird on Tuesday, August 15 with "Buy". Nomura upgraded the stock to "Neutral" rating in Friday, April 28 report. Eight equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company. (NYSE:FE) on Monday, May 1 to "Neutral" rating. Morgan Stanley maintained the shares of AXP in report on Thursday, July 20 with "Equal-Weight" rating. As per Wednesday, January 13, the company rating was initiated by DA Davidson. Davis Cap Ptnrs Ltd Liability reported 700,000 shares. Therefore 48% are positive. American Express presently has a consensus rating of "Hold" and a consensus target price of $104.38. On Tuesday, January 16 the stock of American Express Company (NYSE:AXP) earned "Buy" rating by Sandler O'Neill. The stock of American Express Company (NYSE:AXP) has "Buy" rating given on Tuesday, February 9 by Deutsche Bank. 56,680 shares valued at $5.63 million were sold by Gupta Ashwini on Tuesday, December 12. BMO Capital Markets has "Hold" rating and $84 target. As per Tuesday, October 13, the company rating was maintained by Barclays Capital. The rating was downgraded by Keefe Bruyette & Woods to "Market Perform" on Friday, January 22.

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.06, from 0.83 in 2017Q3. It is positive, as 42 investors sold AXP shares while 442 reduced holdings. BlackRock Fund Advisors raised its stake in shares of American Express by 0.7% in the second quarter. Over the past three months, the average daily trading volume came in at about 4.11 million shares per day. Cwm Ltd Limited Liability Company reported 1,447 shares. Clearbridge Invs Lc, New York-based fund reported 1.05 million shares. St Germain D J Incorporated holds 116,596 shares or 1.38% of its portfolio. South State reported 0.52% in American Express Company (NYSE:AXP). Moreover, Cubist Systematic Strategies Lc has 0.13% invested in American Express Company (NYSE:AXP). Moors And Cabot Inc has 13,192 shares.

American Express is now covered by analysts at UBS. Us State Bank De holds 0.15% or 491,769 shares in its portfolio. Pacific Global Investment Mgmt reported 0.65% in American Express Company (NYSE:AXP). Wells Fargo & Company Mn owns 0.08% invested in American Express Company (NYSE:AXP) for 2.74M shares. 6,517 were accumulated by Argent Cap Mgmt Ltd. Perella Weinberg Ptnrs Capital Mngmt Ltd Partnership holds 14,125 shares. Braun Stacey Associate reported 5,250 shares or 0.03% of all its holdings. On Monday, December 11 Buckminster Douglas E. sold $8.79 million worth of American Express Company (NYSE:AXP) or 88,930 shs.

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