American Express Company (AXP) Shares Sold by Mosaic Family Wealth LLC

American Express

American Express Co now has $82.09B valuation.

In 2010, the states and the government alleged in a lawsuit that the credit-card companies' "anti-steering" rules restricted trade. The value of the investment in American Express Company went from $77,472,000 to $164,008,000 increasing 111.7% quarter to quarter.

Relative Strength Index (RSI) for American Express Company (AXP) is at 76.03. Founders Capital Mngmt invested in 78,161 shares or 3.32% of the stock. Schulhoff And Inc invested 0.24% in American Express Company (NYSE:AXP). Redwood Investments LLC now owns 17,128 shares of the payment services company's stock worth $1,443,000 after buying an additional 15,703 shares in the last quarter. As of the end of the quarter Waverton Investment Management Ltd had disposed of a total of 182,298 shares trimming its stake by 87.4%. Finally, OppenheimerFunds Inc. lifted its holdings in shares of American Express by 40.1% in the 1st quarter. Institutional investors own 82.77% of the company's stock.

A number of research analysts recently weighed in on AXP shares. American Express Company has $105.0 highest and $54 lowest target. Moving out to look at the previous month performance, the stock is at 7.74%. The stock of American Express Company (NYSE:AXP) has "Hold" rating given on Tuesday, May 30 by Jefferies. "New Bull Calls On Visa, American Express" on October 11, 2017. The shares were sold at an average price of $85.88, for a total value of $513,648.28. The firm has "Buy" rating by Bank of America given on Monday, January 9. Keefe Bruyette & Woods maintained American Express Company (NYSE:AXP) on Friday, July 14 with "Buy" rating. They issued a "neutral" rating and a $92.00 price objective for the company.

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ILLEGAL ACTIVITY NOTICE: This article was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and worldwide trademark & copyright legislation. The correct version of this news story can be viewed at https://www.truebluetribune.com/2017/10/16/federated-investors-inc-pa-lowers-stake-in-american-express-company-axp.html. Following the sale, the chief executive officer now directly owns 889,836 shares of the company's stock, valued at $75,297,922.32. The stock decreased 5.30% or $0.0024 on October 13, reaching $0.0429. Susan Sobbott, Pres., Glbl Commercial Pymnts let go of $506,340 worth of shares at an average price of $84.39 on Thursday the 7th. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The disclosure for this sale can be found here. Btim reported 0.73% in American Express Company (NYSE:AXP). Comerica Bancorporation has invested 0.12% of its portfolio in American Express Company (NYSE:AXP). The firm has a 50-day moving average of $88.38 and a 200 day moving average of $83.14. During the past six months, American Express Company (NYSE:AXP)'s stock has been 21.12% and 53.72% for the last 12 months. The payment services company reported $1.47 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.44 by $0.03. The business had revenue of $8.31 billion for the quarter, compared to analyst estimates of $8.20 billion. American Express had a return on equity of 21.90% and a net margin of 14.11%.

The hearing would take place several years after the USA and a coalition of states first sued American Express, Visa and Mastercard over those actions.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. More interesting news about American Express Company (NYSE:AXP) were released by: Nasdaq.com and their article: "Can American Express (AXP) Pull a Surprise in Q3 Earnings?" published on October 13, 2017 as well as Nasdaq.com's news article titled: "American Express Company (AXP) Ex-Dividend Date Scheduled for October 05, 2017" with publication date: October 04, 2017. Investors of record on Friday, October 6th will be issued a dividend of $0.35 per share.

Among 34 analysts covering American Express Company (NYSE:AXP), 9 have Buy rating, 5 Sell and 20 Hold. This represents a $1.40 dividend on an annualized basis and a yield of 1.51%. The company was upgraded on Thursday, October 6 by Raymond James. As of the last earnings report the EPS was $4.88 and is projected to be $5.74 for the current year with 883,979,000 shares now outstanding. This repurchase authorization permits the payment services company to purchase up to 5.9% of its shares through open market purchases. This is a positive change from American Express's previous quarterly dividend of $0.32. American Express's payout ratio is presently 28.63%. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued. Baxter Bros Inc has invested 0.16% of its portfolio in American Express Company (NYSE:AXP). Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS). It increased, as 55 investors sold AXP shares while 443 reduced holdings.

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