Is Buying American Express Company (AXP) Here a Winning Strategy?

June 20, 2017 - By Stephen Andrade

Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.02, from 0.86 in 2016Q3. It turned negative, as 73 investors sold American Express Company shares while 448 reduced holdings. 116 funds opened positions while 321 raised stakes. 729.39 million shares or 0.53% more from 725.57 million shares in 2016Q3 were reported.
Creative Planning holds 0.03% of its portfolio in American Express Company (NYSE:AXP) for 64,508 shares. Pennsylvania holds 0.31% of its portfolio in American Express Company (NYSE:AXP) for 52,773 shares. Moreover, Parkwood Llc has 0.05% invested in American Express Company (NYSE:AXP) for 4,240 shares. Manufacturers Life Insurance Commerce The has 3.66M shares. Sandy Spring Bank has 25,759 shares. 43,090 are owned by Choate Invest Advsrs. 177,955 were accumulated by Exxonmobil Invest Inc Tx. Linscomb And Williams holds 0.03% or 4,107 shares. Morgan Stanley accumulated 7.75 million shares. Ing Groep Nv has invested 0.48% in American Express Company (NYSE:AXP). Family Mngmt reported 23,871 shares. S&Co has 0.07% invested in American Express Company (NYSE:AXP) for 5,400 shares. 11,725 were accumulated by Brown Advisory Secs Limited Liability Corporation. Vantage Invest Advsr Ltd Liability reported 5,478 shares or 0.16% of all its holdings. Moreover, Utah Retirement has 0.27% invested in American Express Company (NYSE:AXP).

Since January 10, 2017, it had 1 buy, and 5 selling transactions for $13.11 million activity. Cox L Kevin sold $2.55M worth of stock or 32,726 shares. $318,940 worth of American Express Company (NYSE:AXP) was bought by Brennan John Joseph on Wednesday, February 22. $237,720 worth of American Express Company (NYSE:AXP) was sold by Buckminster Douglas E. on Friday, April 28. $377,212 worth of American Express Company (NYSE:AXP) was sold by GORDON MARC D on Wednesday, May 24.

The stock of American Express Company (NYSE:AXP) hit a new 52-week high and has $86.86 target or 5.00 % above today’s $82.72 share price. The 7 months bullish chart indicates low risk for the $74.32 billion company. The 1-year high was reported on Jun, 20 by Barchart.com. If the $86.86 price target is reached, the company will be worth $3.72B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 1.14 million shares traded. American Express Company (NYSE:AXP) has risen 22.41% since June 20, 2016 and is uptrending. It has outperformed by 5.71% the S&P500.

Analysts expect American Express Company (NYSE:AXP) to report $1.45 EPS on July, 19.They anticipate $0.65 EPS change or 30.95 % from last quarter’s $2.1 EPS. AXP’s profit would be $1.30 billion giving it 14.26 P/E if the $1.45 EPS is correct. After having $1.34 EPS previously, American Express Company’s analysts see 8.21 % EPS growth.

American Express Company (NYSE:AXP) Ratings Coverage

Among 30 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 5 Sell and 15 Hold. Therefore 33% are positive. American Express Company has $95 highest and $54 lowest target. $76.59’s average target is -7.41% below currents $82.72 stock price. American Express Company had 56 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Friday, January 22 by Barclays Capital. BMO Capital Markets maintained American Express Company (NYSE:AXP) rating on Thursday, June 1. BMO Capital Markets has “Hold” rating and $84 target. The rating was maintained by Goldman Sachs with “Neutral” on Thursday, April 21. The stock of American Express Company (NYSE:AXP) has “Equal-Weight” rating given on Thursday, April 21 by Morgan Stanley. The firm has “Equal-Weight” rating given on Tuesday, October 13 by Barclays Capital. On Tuesday, December 22 the stock rating was initiated by JMP Securities with “Market Perform”. Nomura upgraded American Express Company (NYSE:AXP) rating on Friday, April 28. Nomura has “Neutral” rating and $78 target. The stock of American Express Company (NYSE:AXP) earned “Equal-Weight” rating by Morgan Stanley on Monday, January 25. Compass Point initiated the stock with “Buy” rating in Friday, April 15 report. As per Friday, January 22, the company rating was maintained by RBC Capital Markets.

More notable recent American Express Company (NYSE:AXP) news were published by: Seekingalpha.com which released: “Keep An Eye On American Express” on June 11, 2017, also Fool.com with their article: “3 Reasons American Express Company Stock Could Fall” published on June 14, 2017, Foxbusiness.com published: “Correction to American Express, Hilton Article” on June 01, 2017. More interesting news about American Express Company (NYSE:AXP) were released by: Zacks.com and their article: “American Express (AXP) Gains Exclusive Card Deal for Hilton” published on June 02, 2017 as well as Fool.com‘s news article titled: “3 Reasons American Express Company Stock Could Rise” with publication date: June 08, 2017.

American Express Company, together with its subsidiaries, is a global services company. The company has market cap of $74.32 billion. The Company’s principal services and products are charge and credit card products, and travel-related services, which are offered to clients and businesses around the world. It has a 14.98 P/E ratio. The Company’s divisions include the U.S.

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