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American Express profit falls 13 percent, but tops forecasts

20 April 2017
American Express profit falls 13 percent, but tops forecasts

Fayez Sarofim And owns 27,325 shares for 0.01% of their portfolio.

The drop in profits from a year earlier mostly stems from the fact that American Express still had the Costco co-branded credit card in 2016.

Several other large investors have also made changes to their positions in the company. Results again were dragged down by the end of the company's relationship with Costco.

American Express Company had its " rating reiterated by analysts at Instinet. Capital Analysts LLC now owns 1,777 shares of the company's stock valued at $122,000 after buying an additional 235 shares in the last quarter. Samlyn Llc holds 1.53M shares or 2.56% of its portfolio.

The performance for week is -0.08% and the performance for quarter is at 10.23%.

AXP has a 1-year high price of $ 81.66 and 1-year low price of $56.11. Finally, Fox Run Management L.L.C. bought a new position in shares of American Express Company during the third quarter valued at $288,000.

American Express Company (NYSE:AXP) opened at 75.80 on Friday. American Express Company has a one year low of $57.15 and a one year high of $82.00. The company has market cap of $68.20 billion. The firm's 50 day moving average price is $78.79 and its 200-day moving average price is $73.56.

TRADEMARK VIOLATION NOTICE: "American Express Company (AXP) Issues FY17 Earnings Guidance" was first published by BBNS and is owned by of BBNS. The payment services company reported $0.91 EPS for the quarter, missing the Zacks' consensus estimate of $0.98 by $0.07. Squeri Stephen J sold $2.58 million worth of American Express Company (NYSE:AXP) on Wednesday, December 7. Most recently on 1/30/17 the stock of American Express Company (NYSE:AXP) upgraded by Keefe Bruyette from Mkt Perform to Outperform.

A ROI of 4.20% for the company evaluates and compares the efficiency of the various numbers of investments relative to the cost of investments.

In all for the first quarter, American Express reported a profit of $1.2 billion, or $1.34 a share, down from $1.4 billion, or $1.45 a share, a year earlier. For the current year the company's revenue estimates are $32.43B compared to low analyst estimates of $31.45B and high estimates of $33.59B according to the projection of 24 analysts.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 10th. The ex-dividend date is Wednesday, April 5th.

Dividends is a reward scheme, that a company presents to its shareholders. American Express Company's payout ratio is 22.74%. ABR value is precisely based on brokerage recommendations, where out of 18 brokerage recommendations 6 rate American Express Company (NYSE:AXP) stock a Strong Buy, 0 rate the stocks of the company a Buy, 8 rate Hold, 0 rate Sell and 4 recommend a Strong Sell. If you are reading this article on another domain, it was stolen and reposted in violation of United States and global trademark & copyright laws.

ESRX has been the topic of a number of research analyst reports. Oppenheimer Holdings Inc. set a $97.00 price objective on shares of American Express Company and gave the company a "buy" rating in a research report on Saturday, January 21st. On Wednesday, January 25 the insider Cox L Kevin sold $6.01M. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. The company now has an average rating of Hold and a consensus target price of $76.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The shares were purchased at an average price of $79.74 per share, for a total transaction of $318,960.00. Following the completion of the transaction, the insider now directly owns 50,463 shares in the company, valued at approximately $3,932,581.59. The disclosure for this sale can be found here. The Company's principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world.