Published: Wed, May 24, 2017
Money | By Armando Alvarado

Callahan Advisors LLC Buys 1 Shares of American Express Company (AXP)


The hedge fund held 1.01 million shares of the consumer services company at the end of 2016Q4, valued at $74.91 million, up from 384,600 at the end of the previous reported quarter. Newtek Business Svcs Corp now has $307.82M valuation.

The company surged 0.23% and closed its last trading session at $76.8. It is down 37.63% since May 23, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.

Schaper Benz & Wise Investment Counsel Inc decreased American Express (AXP) stake by 4.09% reported in 2016Q4 SEC filing. Capital Fund Management Sa bought 626,558 shares as the company's stock declined 3.65% while stock markets rallied. About 1.35 million shares traded. American Express Company's quarterly revenue was down 2.5% on a year-over-year basis. It has outperformed by 5.71% the S&P500. Therefore 20% are positive. On average, analysts expect that American Express Company will post $5.69 earnings per share for the current year. American Express Company had 54 analyst reports since July 23, 2015 according to SRatingsIntel. On Monday, November 14 Gupta Ashwini sold $10.55M worth of American Express Company (NYSE:AXP) or 146,030 shares. The company was maintained on Thursday, April 21 by Morgan Stanley. The rating was initiated by Wells Fargo on Thursday, September 29 with "Market Perform". Topeka Capital Markets initiated the stock with "Hold" rating in Monday, November 9 report. UBS maintained it with "Sell" rating and $54 target in Friday, January 22 report. As per Monday, May 1, the company rating was maintained by Jefferies. The stock has "Neutral" rating by Piper Jaffray on Wednesday, November 25. 5,180 shares were sold by Zukauckas Linda, worth $385,967. Cox L Kevin also sold $2.55 million worth of American Express Company (NYSE:AXP) on Friday, February 3. Brennan John Joseph bought $318,940 worth of stock or 4,000 shares. 1,764 NVR, Inc. (NYSE:NVR) shares with value of $3.31M were sold by FESTA ALFRED E. On Friday, February 3 the insider DONAHUE TIMOTHY M sold $1.22 million. Cypress Mgmt Ltd owns 2,958 shares or 0.06% of their U.S. portfolio. It is down 0.00% since May 23, 2016 and is. Its up 0.10, from 0.73 in 2016Q3. Sprucegrove Investment Management Ltd sold 150,850 shares as American Express Co (AXP)'s stock declined 3.65%. Vanguard Group Inc. raised its position in American Express Company by 1.5% in the first quarter.

American Express Company (AXP) reported sales (ttm) of 32.52 Billion, whereas, 20 number of analysts estimated the mean sale of 8184.22 million.

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American Express Company (AXP) now has P/E (Price to Earnings) ratio of 13.91 while the company's industry has 38.39 P/E and the sector P/E is 31.01. American Express Company (NYSE:AXP) has risen 22.41% since May 23, 2016 and is uptrending. Finally, Adalta Capital Management LLC acquired a new position in American Express Company during the first quarter valued at approximately $3,024,000. Penobscot Invest Mgmt has 9,195 shares. Credit Suisse Group AG restated an underperform rating and set a $76.00 price target on shares of American Express Company in a research note on Friday, January 20th. Matarin Mgmt Lc owns 56,571 shares for 0% of their portfolio. Foyston Gordon Payne accumulated 163,991 shares. State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 520,000 shares. Ajo LP has 0.13% invested in NVR, Inc. Fairfield Bush And owns 11,470 shares or 0.28% of their United States portfolio.

American Express Company (AXP) reported earning per shares for the quarter ending April 19 AMC at 1.34, whereas, 28 number of analysts estimated the mean EPS at 1.43. Sigma Planning holds 0.13% of its portfolio in American Express Company (NYSE:AXP) for 16,307 shares. Massmutual Trust Fsb Adv stated it has 34,983 shares or 0% of all its holdings. Meritage Mngmt has invested 0.02% in American Express Company (NYSE:AXP). First Interstate Bancorporation owns 129,346 shares for 1.89% of their portfolio. (NYSE:NVR) for 262 shares.

More notable recent American Express Company (NYSE:AXP) news were published by: Nasdaq.com which released: "Why Is American Express (AXP) Down 4.6% Since the Last Earnings Report?" on May 22, 2017, also Seekingalpha.com with their article: "American Express?" AXP's profit will be $1.30B for 13.26 P/E if the $1.45 EPS becomes a reality. The payment services company reported $1.34 EPS for the quarter, topping the Zacks' consensus estimate of $1.28 by $0.06. It also reduced its holding in Devon Energy Corp (Call) (NYSE:DVN) by 88,900 shares in the quarter, leaving it with 378,900 shares, and cut its stake in Ralph Lauren Corp (Put) (NYSE:RL).

Investors sentiment increased to 0.83 in Q4 2016. 69,377 shares or 0.00% without change from 69,377 shares in 2016Q3 were reported. It improved, as 38 investors sold NVR shares while 104 reduced holdings. 12 funds opened positions while 7 raised stakes. Barclays Public Ltd Com owns 35 shares. Fourpoints Inv Managers Sas holds 67,400 shares. The Ohio-based Fifth Third Bancorp has invested 0.01% in the stock. Fisher Asset Management LLC now owns 10,879,001 shares of the payment services company's stock worth $860,638,000 after buying an additional 248,731 shares during the last quarter. GHP Investment Advisors Inc. now owns 16,115 shares of the payment services company's stock valued at $1,032,000 after buying an additional 309 shares in the last quarter. Moreover, Argent Capital Management Ltd Liability Corp has 0.02% invested in NVR, Inc. The stock of American Express Company (NYSE:AXP) earned "Neutral" rating by Goldman Sachs on Tuesday, June 7. Therefore 80% are positive. Arlington Asset Investment had 13 analyst reports since August 5, 2015 according to SRatingsIntel. As per Thursday, April 21, the company rating was maintained by Macquarie Research. The company was upgraded on Friday, April 28 by Nomura.

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