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Holowesko Partners LTD Continues to Hold Holding in American Express Co (AXP)

08 December 2017

Renaissance Technologies LLC bought a new position in American Express during the second quarter worth $101,526,000. The stock saw a move of -0.51% during the latest trading session. About 214,266 shares traded or 53.80% up from the average. It has outperformed by 1.89% the S&P500.

Wealth Architects Llc increased Bank Of America Corp (BAC) stake by 139.66% reported in 2017Q2 SEC filing. The firm owned 19,499,221 shares of the company's stock after buying an additional 8,599,410 shares during the period. The shares were sold at an average price of $95.42, for a total transaction of $304,962.32. Alcentra Capital Corp now has $118.52 million valuation. About 320,778 shares traded. American Express Company (NYSE:AXP) has risen 22.41% since December 7, 2016 and is uptrending. It has outperformed by 41.94% the S&P500. Its up 0.10, from 0.81 in 2017Q1. It dropped, as 79 investors sold BAC shares while 543 reduced holdings. 72 funds opened positions while 245 raised stakes. 15,799 are owned by Beacon Fincl Gru. American Express earned a coverage optimism score of 0.12 on Accern's scale. Crow Point Prtn Limited Liability Corporation holds 3.38% or 295,000 shares. Square" published on November 27, 2017 as well as Nasdaq.com's news article titled: "Why Is American Express (AXP) Up 1.8% Since the Last Earnings Report?" with publication date: "November 20, 2017. San Francisco Sentry Inv Group (Ca) reported 2,349 shares.

A number of equities research analysts have issued reports on AXP shares. New York State Teachers Retirement Systems holds 1.27M shares. Advisor Ltd Llc holds 17,439 shares or 0.35% of its portfolio. Riverhead Cap Management Ltd stated it has 24,131 shares or 0.1% of all its holdings. Indiana & Invest Mngmt reported 7,003 shares. Analyzing the last five market sessions, the stock was able to report 1.67% gains, thus going up by 15.95%, compared with its 200-day moving average of $87.42. The rating was upgraded by Stephens on Tuesday, June 20 to "Equal Weight". Robert W. Baird has "Neutral" rating and $18.0 target. KeyBanc Capital Markets maintained the shares of AXP in report on Wednesday, August 23 with "Hold" rating. The company was initiated on Wednesday, January 13 by DA Davidson. The rating was downgraded by Citigroup on Friday, January 13 to "Neutral". Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 0.00 as current ratio and on the opponent side the debt to equity ratio was 5.33 and long-term debt to equity ratio also remained 2.31. MMM's profit will be $1.19B for 30.04 P/E if the $2.00 EPS becomes a reality.

American Express Company most recently reported earnings per share (EPS) of $1.5 for the September 2017 versus $1.2 in the same quarter past year, representing 25% growth.

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Investors sentiment increased to 0.82 in Q2 2017. Its up 0.04, from 0.78 in 2017Q1.

Several other institutional investors have also added to or reduced their stakes in AXP. PBWM Holdings LLC now owns 10,000 shares of the payment services company's stock worth $640,000 after buying an additional 3,000 shares during the last quarter. Following the sale, the insider now owns 90,052 shares in the company, valued at $8,789,075.20. Exchange Capital Mgmt reported 0% stake. Telos Cap Mngmt Inc holds 0.35% in American Electric Power Company, Inc.

American Express Company is based in US, in the very big sector Financial.

More notable recent American Express Company (NYSE:AXP) news were published by: Zacks.com which released: "American Express (AXP) Launches Blockchain Payment Platform" on November 17, 2017, also Prnewswire.com with their article: "Marriott International Signs New Co-Brand Credit Card Agreements with JPMorgan ..." published on December 05, 2017, Fool.com published: "Better Buy: American Express Company vs". Fairfield Bush And Co holds 0.31% or 11,370 shares in its portfolio. The stock of American Express Company (NYSE:AXP) has "Hold" rating given on Monday, November 9 by Topeka Capital Markets. Private Advisor Grp Inc Llc owns 30,025 shares or 0.07% of their U.S. portfolio. Birch Hill Advsr Ltd has invested 0.02% in American Express Company (NYSE:AXP). 28,057 are held by Twin Management. 3M has $262 highest and $135 lowest target. Recently American Express Company has seen performance for this week at 1.67%.

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Among 14 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 29% are positive.

Receive News & Ratings for American Express Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express Company and related companies with MarketBeat.com's FREE daily email newsletter. Barclays Capital maintained American Express Company (NYSE:AXP) on Friday, January 22 with "Equal-Weight" rating. Wood maintained the shares of AXP in report on Thursday, April 21 with "Market Perform" rating.

Compared to current fiscal growth, investors forecast the firms EPS at 10.60% going into next fiscal. The stock has "Underperform" rating by Credit Suisse on Thursday, October 22. Deutsche Bank maintained American Express Company (NYSE:AXP) on Tuesday, February 9 with "Buy" rating.

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