January 23, 2018

Barclays Boosts American Express (AXP) Price Target to $119.00

13 January 2018, 08:53 | Casey Mitchell

Several other institutional investors have also bought shares of the company. Franklin Street Advisors Inc who had been investing in American Express Co Com for a number of months, seems to be less bullish one the $87.43B market cap company. The stock has been active on the tape, now trading at $100.73, down from yesterday's close by -0.48%. About 20,481 shares traded.

Instinet initiated coverage on shares of American Express (NYSE:AXP) in a report issued on Wednesday, January 3rd. It has outperformed by 5.71% the S&P500. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services. The stock increased 1.62% or $0.38 during the last trading session, reaching $23.81. Zions Bancorporation now owns 1,337 shares of the payment services company's stock valued at $121,000 after buying an additional 1,205 shares during the last quarter. It has underperformed by 1.13% the S&P500. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. Jamba had 5 analyst reports since August 26, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with "Equal-Weight" rating in Wednesday, March 16 report. The Massachusetts-based Contravisory Investment Management Inc. has invested 2.3% in the stock. The stock has "Buy" rating by Susquehanna on Thursday, December 28. The firm has "Hold" rating given on Monday, September 11 by RBC Capital Markets. The stock has "Buy" rating by Wells Fargo on Tuesday, October 10. The rating was maintained by Morgan Stanley on Thursday, November 10 with "Overweight". The company presently has an average rating of "Hold" and an average price target of $98.96. On Monday, August 14 the stock rating was maintained by Piper Jaffray with "Buy". It is down 0.00% since January 11, 2017 and is. Its up 0.01, from 0.82 in 2017Q2. TRENT TAMMY M had sold 250 shares worth $11,620 on Tuesday, December 12. 51 funds opened positions while 142 raised stakes. Liberty Cap Inc, Michigan-based fund reported 230 shares. Prns Gp Holdg Ag invested 1.81% in Sempra Energy (NYSE:SRE). Schaper Benz & Wise Counsel Wi has 160,748 shares for 2.25% of their portfolio. Nomura Asset Management Ltd invested 0.01% in Leggett & Platt, Incorporated (NYSE:LEG). Continental Advisors Llc sold 73,200 shares as Valeant Pharmaceuticals Intl (Call) (VRX)'s stock declined 15.71%. Numeric Ltd Liability Company invested in 3,100 shares or 0% of the stock. Axa reported 0.04% of its portfolio in Nasdaq, Inc. Nottingham Advisors holds 3,405 shares. Bridgeway holds 89,442 shares. Employees Retirement Association Of Colorado accumulated 43,019 shares. Violich Capital Mgmt reported 0.07% stake. Tower Cap Lc (Trc), New York-based fund reported 5,691 shares. Williams Jones And Limited Liability Co holds 0.3% or 135,013 shares. Credit Agricole S A owns 0% invested in Leggett & Platt, Incorporated (NYSE:LEG) for 28,432 shares. Veritas Asset Management LLP now owns 10,303,201 shares of the payment services company's stock valued at $867,942,000 after acquiring an additional 1,358,474 shares during the period.

American Express (NYSE:AXP) last released its earnings results on Wednesday, October 18th. During the same quarter last year, the company earned $1.24 EPS. analysts forecast that American Express Company will post 5.86 earnings per share for the current year. NDAQ's profit will be $166.23 million for 20.22 P/E if the $1.00 EPS becomes a reality. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.03.

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Select Equity Group Lp, which manages about $13.68 billion and $13181.55B US Long portfolio, decreased its stake in Zoetis Inc (NYSE:ZTS) by 360,413 shares to 736,392 shares, valued at $46.95 billion in 2017Q3, according to the filing.

Pinebridge Investments Lp decreased Oneok Inc New Com (NYSE:OKE) stake by 259,262 shares to 4,213 valued at $233,000 in 2017Q3. Zacks Investment Research raised American Express from a "hold" rating to a "buy" rating and set a $113.00 price target for the company in a report on Thursday. Therefore 29% are positive. Gartner Inc had 36 analyst reports since August 3, 2015 according to SRatingsIntel. American Express has a twelve month low of $75.39 and a twelve month high of $101.65. Hilliard Lyons upgraded the stock to "Buy" rating in Friday, September 15 report. The rating was maintained by Barclays Capital with "Equal-Weight" on Thursday, October 19. RBC Capital Markets maintained the stock with "Sell" rating in Wednesday, June 14 report. Jefferies Group reiterated an "in-line" rating and set a $93.00 target price (up from $85.00) on shares of American Express in a research note on Thursday, October 19th. The stock has "Outperform" rating by FBR Capital on Friday, February 12. The firm earned "Buy" rating on Friday, April 15 by Compass Point.

Since July 31, 2017, it had 0 insider purchases, and 11 selling transactions for $38.86 million activity. 3,196 shares were sold by Zukauckas Linda, worth $304,962 on Friday, October 27. On Monday, December 11 O'Neill Michael John sold $4.32M worth of American Express Company (NYSE:AXP) or 43,741 shares. The insider CHENAULT KENNETH I sold $9.38M. The shares were sold at an average price of $99.45, for a total transaction of $1,271,866.05. Shares for $506,340 were sold by Sobbott Susan on Thursday, September 7.

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Investors of record on Friday, January 5th will be given a $0.35 dividend. Its up 0.01, from 1.11 in 2017Q2. It improved, as 47 investors sold AXP shares while 434 reduced holdings.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXP. Front Barnett Assocs Lc reported 109,144 shares. Bush James Peter sold $1.27 million worth of American Express Company (NYSE:AXP) on Tuesday, January 2. Moreover, Cetera Limited Company has 0.06% invested in American Express Company (NYSE:AXP). In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.36% with $865.96 Million sitting short, betting on future declines. Rhumbline Advisers invested in 0.05% or 173,569 shares. State Street Corporation has invested 0.31% in American Express Company (NYSE:AXP). Montag Caldwell Ltd Llc owns 2,400 shares for 0.01% of their portfolio. Amica Retiree Medical has 12,958 shares. Sterling Management accumulated 0.07% or 76,538 shares. Retirement Of Alabama holds 0.37% of its portfolio in American Express Company (NYSE:AXP) for 791,360 shares. Richard Bernstein Advsr Ltd Com reported 0.47% of its portfolio in American Express Company (NYSE:AXP). Ontario Teachers Pension Plan Board reported 128,577 shares. Farr Miller & Washington Limited Liability Co Dc stated it has 4,950 shares. 400 were reported by Atwood & Palmer.

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