American Express Co (NYSE:AXP) Institutional Investors Sentiment

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Sentiment for American Express Co (NYSE:AXP)

American Express Co (NYSE:AXP) institutional sentiment decreased to 0.85 in 2019 Q2. Its down -0.11, from 0.96 in 2019Q1. The ratio worsened, as 420 funds opened new and increased holdings, while 496 cut down and sold their equity positions in American Express Co. The funds in our partner’s database now possess: 679.88 million shares, down from 680.70 million shares in 2019Q1. Also, the number of funds holding American Express Co in their top 10 holdings increased from 39 to 53 for an increase of 14. Sold All: 49 Reduced: 447 Increased: 314 New Position: 106.

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to clients and businesses worldwide. The company has market cap of $98.88 billion. It operates through four divisions: U.S. It has a 14.73 P/E ratio. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

The stock increased 0.13% or $0.16 during the last trading session, reaching $119.18. About 2.74 million shares traded. American Express Company (NYSE:AXP) has risen 23.32% since September 13, 2018 and is uptrending. It has outperformed by 23.32% the S&P500.

Analysts await American Express Company (NYSE:AXP) to report earnings on October, 17. They expect $2.08 earnings per share, up 10.64 % or $0.20 from last year’s $1.88 per share. AXP’s profit will be $1.73B for 14.32 P/E if the $2.08 EPS becomes a reality. After $2.07 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts 0.48 % EPS growth.

Berkshire Hathaway Inc holds 8.99% of its portfolio in American Express Company for 151.61 million shares. Fsi Group Llc owns 60,994 shares or 8.94% of their US portfolio. Moreover, Troy Asset Management Ltd has 7.92% invested in the company for 1.53 million shares. The United Kingdom-based Egerton Capital (Uk) Llp has invested 7.28% in the stock. Focused Investors Llc, a California-based fund reported 1.32 million shares.

American Express Company (NYSE:AXP) Ratings Coverage

Ratings analysis reveals 67% of American Express’s analysts are positive. Out of 6 Wall Street analysts rating American Express, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $123 while the high is $145. The stock’s average target of $137.33 is 15.23% above today’s ($119.18) share price. AXP was included in 15 notes of analysts from March 14, 2019. JP Morgan maintained the stock with “Neutral” rating in Monday, July 22 report. RBC Capital Markets maintained American Express Company (NYSE:AXP) on Monday, July 22 with “Sector Perform” rating. On Wednesday, July 10 the stock rating was maintained by Wells Fargo with “Outperform”. The firm earned “Buy” rating on Wednesday, June 19 by Bank of America. The firm has “Equal-Weight” rating given on Monday, April 22 by Morgan Stanley. Morgan Stanley upgraded American Express Company (NYSE:AXP) on Friday, May 3 to “Overweight” rating. Deutsche Bank maintained American Express Company (NYSE:AXP) rating on Monday, July 8. Deutsche Bank has “Buy” rating and $14200 target.

More notable recent American Express Company (NYSE:AXP) news were published by: Finance.Yahoo.com which released: “Read This Before Buying American Express Company (NYSE:AXP) Shares – Yahoo Finance” on June 12, 2019, also Finance.Yahoo.com with their article: “Should You Be Tempted To Sell American Express Company (NYSE:AXP) Because Of Its P/E Ratio? – Yahoo Finance” published on August 29, 2019, Finance.Yahoo.com published: “With EPS Growth And More, American Express (NYSE:AXP) Is Interesting – Yahoo Finance” on August 06, 2019. More interesting news about American Express Company (NYSE:AXP) were released by: Finance.Yahoo.com and their article: “A Look At American Express Company’s (NYSE:AXP) Exceptional Fundamentals – Yahoo Finance” published on May 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is It Time To Consider Buying American Express Company (NYSE:AXP)? – Yahoo Finance” with publication date: July 09, 2019.

American Express Company (NYSE:AXP) Institutional Positions Chart

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