American Express (AXP) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

American Express posts $1.2 billion loss due to new tax law

Cs Mckee Lp increased its stake in American Express (AXP) by 66.38% based on its latest 2017Q3 regulatory filing with the SEC. Another trade for 53,111 shares valued at $4.53M was made by Williams Anre D on Monday, July 31.

American Express (NYSE:AXP) last posted its quarterly earnings data on Wednesday, October 18th. The stock price recently experienced a 5-day gain of 4.04% with 9.7 average true range (ATR).

Schwerin Boyle Capital Management Inc decreased Amer Express (AXP) stake by 1.19% reported in 2017Q3 SEC filing. $506,340 worth of American Express Company (NYSE:AXP) was sold by Sobbott Susan. BlackRock Inc. now owns 44,685,897 shares of the payment services company's stock worth $3,764,339,000 after acquiring an additional 508,030 shares during the period. About 399,452 shares traded or 128.72% up from the average. Legg Mason, Inc. (NYSE:LM) has risen 21.07% since January 18, 2017 and is uptrending. It has outperformed by 5.71% the S&P500. Its up 0.46, from 1.16 in 2017Q2.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Grp Llp holds 0% or 483,892 shares. Conning reported 41,716 shares.

American Express Company (AXP) traded down $0.90 during mid-day trading on Thursday, reaching $99.86. Winfield Associate reported 550 shares stake. 22,962 were accumulated by Synovus Fin.

The ExOne Company develops, manufactures, and markets three dimensional printing machines, 3D printed and other products, materials, and services primarily in North America, Europe, and Asia. Hbk Sorce Advisory Limited Liability Company invested in 0.14% or 10,149 shares.

A number of equities research analysts have weighed in on AXP shares.

Csra Incorporated (NYSE:CSRA) had an increase of 0.93% in short interest. In the past 13-year record, this ratio went down as low as 0.44 and as high as 3.11.

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Lapides Asset Management Llc holds 2.77% of its portfolio in Minerals Technologies Inc. for 191,600 shares. It also upped Glatfelter (NYSE:GLT) stake by 40,219 shares and now owns 242,230 shares. Webster Fncl Corp Waterbury Co (NYSE:WBS) was raised too.

Since July 31, 2017, it had 0 insider purchases, and 11 selling transactions for $38.86 million activity. $9.38M worth of stock was sold by CHENAULT KENNETH I on Thursday, December 14. The insider, BUSH JAMES PETER, now holds 87,715 shares of AXP. Shares for $304,962 were sold by Zukauckas Linda.

As with many other companies, American Express' fourth-quarter profits are expected to take a short-term hit from the GOP tax cuts, even though analysts and investors anticipate longer-term benefits from the law and an improving economy. 43,741 shares were sold by O'Neill Michael John, worth $4.32 million. Barr E S & Co sold 22,755 shares as American Express Co (AXP)'s stock declined 3.65%.

The average Wall Street analyst rating for American Express Company is Hold, according to the average of 19 analyst scores. This rising movement shows positive prices direction over last 50 days. Retrophin had 7 analyst reports since August 12, 2015 according to SRatingsIntel.

Keefe, Bruyette & Woods has a Buy rating and a $116 target. They issued a "neutral" rating and a $92.00 target price on the stock.

American Express (NYSE:AXP)'s stock had its "hold" rating reiterated by Piper Jaffray Companies in a report released on Thursday. Finally, Morgan Stanley lifted their price target on American Express from $89.00 to $97.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 19th. As per Friday, September 9, the company rating was initiated by Seaport Global. Buy rating has been given by 8 analysts to the company stock whereas 2 given UNDERPERFORM rating to stock and 17 given HOLD rating. The firm has "Buy" rating given on Thursday, December 28 by Susquehanna. The rating was downgraded by Nomura to "Reduce" on Thursday, October 6. As per Friday, January 12, the company rating was downgraded by JP Morgan. They set a "buy" rating and a $118.00 price objective for the company.

Investors sentiment increased to 0.9 in Q3 2017. It is positive, as 11 investors sold WNRL shares while 19 reduced holdings. 20 funds opened positions while 40 raised stakes. Skyline Asset Management Lp owns 292,500 shares or 1.64% of their United States portfolio. Nbw Capital reported 26,545 shares. Berkshire Asset Mngmt Ltd Liability Pa holds 10,824 shares. Bkd Wealth Advsr Limited Liability Com invested in 0.23% or 22,617 shares.

There are 1,348 institutional holders with active positions, accounting for 726.81 million shares in total. Hermes Inv Limited has 4,950 shares for 0.01% of their portfolio. Nichols Pratt Advisers Ltd Liability Partnership Ma has 2,600 shares. Shelter Insur Retirement Plan stated it has 55,300 shares. Alps, Colorado-based fund reported 18,525 shares. Prudential Finance Inc invested 0.01% in Retrophin, Inc. (NYSE:LM) for 5,698 shares. Renaissance Techs Llc owns 91,700 shares. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company. Therefore 100% are positive. Finally, Wells Fargo & Co began coverage on American Express in a research note on Tuesday, October 10th. The firm has "Outperform" rating by RBC Capital Markets given on Friday, June 30. The firm has "Sell" rating given on Monday, October 26 by UBS.

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