American Express (AXP) Releases FY18 Earnings Guidance

American Express (AXP) Releases FY18 Earnings Guidance

American Express announced that its board has approved a stock repurchase program on Wednesday, June 28th that allows the company to repurchase $4.40 billion in shares.

Philadelphia Trust Company increased Nutanix Inc stake by 275,838 shares to 338,413 valued at $7.58M in 2017Q3. American Express Co now has $87.46B valuation. The stock decreased 0.59% or $0.26 during the last trading session, reaching $43.96.

Barr E S & Co decreased American Express Co (AXP) stake by 7.86% reported in 2017Q3 SEC filing. It has outperformed by 4.37% the S&P500. The company's stock had a trading volume of 5,290,672 shares, compared to its average volume of 3,150,000. The companyÂ's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc. Leading up to this report, we have seen a 2.74% rise in the stock price over the last 30 days and a -0.98% decline over the past 3 months.

Average Volume is the amount of securities traded in a day on average over a specific time period. Western Refining Logistics, LP (NYSE:WNRL) has risen 17.46% since January 18, 2017 and is uptrending. It has outperformed by 14.31% the S&P500. Wellington Grp Llp holds 0% or 483,892 shares. Investure Ltd Liability Co holds 1.03% in American Express Company (NYSE:AXP) or 55,266 shares. Moreover, Stone Run Capital Llc has 1.36% invested in the company for 37,425 shares.

Outstanding shares are common stock authorized by a company that are issued, purchased, and held by investors. Alps, Colorado-based fund reported 18,525 shares. Visa (V) and Mastercard (MA), which both report earnings on February 1, were each down about 0.7%. The fourth quarter of previous year reportedly had EPS of $0.88 and $8.02 billion in revenue. They are also projecting the Low EPS estimate of $1.4 and the High EPS estimate of $1.83. Keefe Bruyette & Woods has "Buy" rating and $95.0 target.

When we look at the Analyst Recommendations of the stock, the company has 2.47 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. These Revenue projections are a consensus of 19 Analysts. The stock has a market cap of 86.9 Billion.

The market experts are predicting a 29.02% rally, based on the high target price ($130) for American Express Company shares that is likely to be hit in the 52 weeks.

Excluding one-time items, AmEx earned $1.58 per share.

The $2.6 billion charge includes about $2 billion tax recognized on deemed repatriations of certain overseas earnings and roughly $600 million related to the remeasurement of U.S. net deferred tax assets. The business's quarterly revenue was up 10.2% on a year-over-year basis. research analysts forecast that American Express will post 5.85 earnings per share for the current year.

Investors sentiment decreased to 1.01 in Q3 2017. Its up 0.01, from 0.82 in 2017Q2. 34 funds opened positions while 92 raised stakes. Hermes Inv Limited has 4,950 shares for 0.01% of their portfolio. Bluecrest Capital Management Limited invested in 88,822 shares. Ashfield Ltd Limited Liability Company holds 14,334 shares. Cornercap Investment Counsel Incorporated holds 2,424 shares or 0.03% of its portfolio.

American Express Company, together with its subsidiaries, is a global services company. Lvw Limited Com holds 3,744 shares.

American Express Company (NYSE:AXP)'s Price Change % over the last week is -.45%. Old Second Bancorporation Of Aurora accumulated 210 shares or 0.01% of the stock. Meritage Portfolio has invested 0.03% of its portfolio in American Express Company (NYSE:AXP). Cornerstone Capital Mgmt Hldgs Llc holds 145,891 shares. Apg Asset Mngmt Nv accumulated 54,000 shares. 2,427 are owned by At National Bank.

American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, January 18th. Duff Phelps Mngmt Communications stated it has 100,900 shares. Zacks Investment Research raised American Express from a hold rating to a buy rating and set a $107.00 price target for the company in a research note on Wednesday, November 1st. Therefore 50% are positive. American Express now has an average rating of "Hold" and a consensus target price of $100.08. Finally, Credit Suisse Group reiterated a "sell" rating and issued a $79.00 price target on shares of American Express in a report on Wednesday, October 4th. The stock of American Express Company (NYSE:AXP) earned "Hold" rating by Barclays Capital on Thursday, January 11. The firm earned "Underperform" rating on Friday, January 22 by Oppenheimer. The company was downgraded on Wednesday, January 11 by Wells Fargo. As per Friday, January 12, the company rating was downgraded by JP Morgan. Finally, looking back over the past year-to-date, American Express Company (NYSE:AXP)'s Price Change % is 1.46%.

Stephens has a Hold rating and a $97 price target.

Since July 31, 2017, it had 0 buys, and 11 selling transactions for $38.86 million activity. Another trade for 3,391 shares valued at $322,145 was sold by Bush James Peter. Gupta Ashwini also sold $5.63M worth of American Express Company (NYSE:AXP) shares. The insider Sobbott Susan sold $506,340. The stock was sold at an average price of $99.45, for a total value of $1,271,866.05.

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