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Main » Brokers Set Expectations for American Express Company's Q2 2018 Earnings (NYSE:AXP)

Brokers Set Expectations for American Express Company's Q2 2018 Earnings (NYSE:AXP)

13 January 2018

Gfs Advisors Llc sold 3,925 shares as the company's stock declined 3.65% while stock markets rallied. The payment services company reported $1.50 EPS for the quarter, beating the Zacks' consensus estimate of $1.47 by $0.03. 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 decreased 0.48% or $0.49 during the last trading session, reaching $100.73.

Prudential Financial Inc. trimmed its position in American Express Company (NYSE:AXP) by 7.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). It has outperformed by 5.71% the S&P500. Shine Invest Advisory Services Inc invested in 793 shares or 0.04% of the stock. The institutional investor held 2,895 shares of the natural gas distribution company at the end of 2017Q3, valued at $330.44M, up from 2,885 at the end of the previous reported quarter. The stock increased 0.51% or $0.41 during the last trading session, reaching $80.87. About 344,714 shares traded. Synopsys, Inc. (SNPS) has risen 45.65% since January 11, 2017 and is uptrending. It has underperformed by 65.21% the S&P500.

Among 10 analysts covering Leggett & Platt (NYSE:LEG), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Leggett & Platt had 20 analyst reports since August 5, 2015 according to SRatingsIntel. On Monday, January 25 the stock rating was downgraded by Argus Research to "Hold". The Pennsylvania-based Barton Invest Management has invested 0.5% in American Express Company (NYSE:AXP). The rating was maintained by Credit Suisse with "Underperform" on Thursday, October 22. On Monday, March 13 the stock rating was upgraded by RBC Capital Markets to "Top Pick". (NASDAQ:JMBA). Moreover, Morgan Stanley has 0% invested in Jamba, Inc. Jefferies Group Limited Liability Company holds 0% of its portfolio in Gartner, Inc. (NYSE:VRX) earned "Buy" rating by Stifel Nicolaus on Thursday, May 11.

Investors sentiment decreased to 1.17 in Q3 2017. Its up 0.01, from 0.82 in 2017Q2. 62 funds opened positions while 172 raised stakes. San Francisco Sentry Invest Grp (Ca) reported 1,009 shares stake. Prns Gp Holdg Ag invested 1.81% in Sempra Energy (NYSE:SRE). Parsec Mgmt reported 2,700 shares or 0.02% of all its holdings.

Robertson Opportunity Capital Llc holds 4.17% of its portfolio in Synopsys, Inc. for 90,000 shares. Guardian Life Of America has invested 0.01% in Sempra Energy (NYSE:SRE). Everence Capital Management accumulated 13,130 shares or 0.27% of the stock. Smith Salley And Associates holds 13,055 shares or 0.23% of its portfolio. Public Employees Retirement Sys Of Ohio reported 0.07% of its portfolio in Sempra Energy (NYSE:SRE). Moreno Evelyn V accumulated 3,500 shares. Bridgeway holds 89,442 shares. Gargoyle Invest Advisor Lc stated it has 27,719 shares. Comerica Bancshares accumulated 83,812 shares. New Mexico Educational Retirement Board reported 0.13% stake. Cobblestone Capital Advsr Ltd Liability Com New York reported 1.07% stake.

Gfs Advisors Llc, which manages about $755.79M and $443.65 million US Long portfolio, upped its stake in Vanguard Star Fd (VXUS) by 10,053 shares to 29,726 shares, valued at $1.63M in 2017Q3, according to the filing. It also reduced its holding in Spdr Materials Sel (XLB) by 46 shares in the quarter, leaving it with 12,189 shares, and cut its stake in Spdr Dow Jones Ind (DIA).

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ILLEGAL ACTIVITY NOTICE: "Brokers Set Expectations for American Express Company's Q2 2018 Earnings (NYSE:AXP)" was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. During the same quarter in the prior year, the firm earned $1.24 earnings per share. AXP's profit will be $1.34B for 16.44 P/E if the $1.54 EPS becomes a reality. After $1.50 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts 2.67% EPS growth.

Navellier & Associates Inc increased First Trust Consumer Disc. Alp (FXD) stake by 572,823 shares to 581,869 valued at $22.37M in 2017Q3. Stephens set a $97.00 price objective on American Express and gave the company a "hold" rating in a research report on Tuesday, January 2nd.

Cornercap Investment Counsel Inc decreased American Express Company (AXP) stake by 78.69% reported in 2017Q3 SEC filing. The firm has "Buy" rating by Keefe Bruyette & Woods given on Friday, July 14. The Company's loan portfolio comprises residential and commercial real estate construction loans; working capital loans and lines of credit; demand, term, and time loans; equipment, inventory, and accounts receivable financing; and residential mortgage loans, home equity lines of credit, fixed rate second mortgages, new and used auto loans, and overdraft protection products. Wood has "Market Perform" rating and $74 target. BMO Capital Markets restated a "hold" rating and issued a $103.00 price objective on shares of American Express in a research report on Monday. It dived, as 26 investors sold IT shares while 114 reduced holdings. The rating was upgraded by Vetr on Friday, August 21 to "Hold". American Express Company has an average rating of "Hold" and an average target price of $75.52. As per Thursday, October 12, the company rating was downgraded by Compass Point.

Since July 31, 2017, it had 0 insider purchases, and 11 insider sales for $38.86 million activity. 3,196 shares were sold by Zukauckas Linda, worth $304,962 on Friday, October 27. Gupta Ashwini also sold $5.63 million worth of American Express Company (NYSE:AXP) shares.

Among 18 analysts covering NASDAQ OMX Group (NASDAQ:NDAQ), 9 have Buy rating, 1 Sell and 8 Hold. CHENAULT KENNETH I had sold 96,440 shares worth $9.38 million on Thursday, December 14. Shares for $8.79 million were sold by Buckminster Douglas E. Shares for $506,340 were sold by Sobbott Susan on Thursday, September 7.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.06, from 0.57 in 2017Q2. It improved, as 47 investors sold AXP shares while 434 reduced holdings. 100 funds opened positions while 297 raised stakes. Front Barnett Assocs Lc reported 109,144 shares. 226 are owned by Tower Rech Limited Liability (Trc).

Brokers Set Expectations for American Express Company's Q2 2018 Earnings (NYSE:AXP)