American Express Company (NYSE:AXP) Touches a New 52-Week High

Park Corp Oh has 155,256 shares. Gamble Jones Inv Counsel holds 0.1% of its portfolio in American Express Company (NYSE:AXP) for 11,085 shares. About 6.81 million shares traded or 130.07% up from the average. Kraig Biocraft Laboratories Inc (OTCMKTS:KBLB) has 0.00% since October 15, 2016 and is. It has outperformed by 9.47% the S&P500.

The U.S. Supreme Court on Monday agreed to decide whether American Express Co is violating federal antitrust law by forbidding merchants that accept its credit cards from encouraging customers to use rival cards that charge lower fees.The justices will hear an appeal by 11 states led by OH that had sued American Express of a 2016 lower court ruling that endorsed the legality of the company’s “anti-steering” provisions in contracts with merchants.Merchants annually pay more than $50 billion in so-called swipe fees to process credit card transactions, and these fees can be passed along to customers through higher prices.New York-based American Express charges merchants higher fees relative to the other credit card networks, and generates more revenue, according to the states’ legal papers. The firm owned 12,857 shares of the payment services company’s stock after selling 2,380 shares during the quarter. Bedrijfstakpensioenfonds Voor De Media Pno who had been investing in American Express Co for a number of months, seems to be bullish on the $81.27 billion market cap company.

The stock decreased 0.64% or $0.18 on October 13, reaching $28.12. The average volume for the existing shares outstanding is 3192.08. The P/S ratio for American Express Company is 2.53. It has outperformed by 5.71% the S&P500. It also reduced its holding in Amazon.Com Inc (NASDAQ:AMZN) by 14,190 shares in the quarter, leaving it with 36,500 shares, and cut its stake in Fedex Corp (NYSE:FDX). More interesting news about CarMax, Inc (NYSE:KMX) were released by: Fool.com and their article: “Why CarMax Inc”. Therefore 82% are positive. Compass Point downgraded shares of American Express from a “buy” rating to a “neutral” rating in a research note on Thursday. The stock of CarMax, Inc (NYSE:KMX) earned “Hold” rating by Deutsche Bank on Friday, April 8. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, July 28 report. The firm saw a fall in short interest of -5.08% between September 15, 2017 and September 29, 2017. As per Tuesday, May 3, the company rating was maintained by Nomura. Instinet upgraded American Express Company (NYSE:AXP) on Thursday, April 27 to “Neutral” rating. Insiders own 0.67% of the company’s stock.

Since April 28, 2017, it had 0 insider buys, and 2 sales for $614,932 activity. Huntsman Peter R also bought $238,339 worth of Huntsman Corporation (NYSE:HUN) shares. Its up 0.16, from 0.9 in 2017Q1. 159.18 million shares or 2.01% less from 162.45 million shares in 2017Q1 were reported. Markel invested in 4.91M shares or 6.61% of the stock. Tower Bridge Advsr owns 13,300 shares. Federated Pa owns 189,034 shares. Sun Life Fincl Inc has invested 0.01% of its portfolio in CarMax, Inc (NYSE:KMX). Manufacturers Life Insurance Co The stated it has 7,281 shares. The Norway-based Dnb Asset As has invested 0% in CarMax, Inc (NYSE:KMX). Deprince Race Zollo holds 0.47% or 887,670 shares. Price T Rowe Associate Incorporated Md reported 67,461 shares. Numeric Ltd has 1.11 million shares.

Among 34 analysts covering American Express Company (NYSE:AXP), 9 have Buy rating, 5 Sell and 20 Hold. OLD Dominion Capital Management Inc. now owns 9,910 shares of the payment services company’s stock worth $835,000 after buying an additional 215 shares during the period. AXP’s profit will be $1.30 billion for 15.79 P/E if the $1.47 EPS becomes a reality. Vetr upgraded the shares of KMX in report on Wednesday, September 2 to “Strong-Buy” rating.

Investors sentiment increased to 0.82 in Q2 2017. Also, insider James Peter Bush sold 10,230 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. 48 funds opened positions while 131 raised stakes. Century Companies has invested 0.36% in American Express Company (NYSE:AXP). MCF Advisors LLC raised its position in shares of American Express by 0.5% in the first quarter. Prescott Group Capital Management Limited Liability holds 0.08% or 4,500 shares.

American Express Company, together with its subsidiaries, is a global services company. Allen Mngmt Ltd Liability owns 3,810 shares. Maverick Capital Limited stated it has 0.02% in American Express Company (NYSE:AXP). The original version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/15/american-express-company-axp-stake-decreased-by-wayne-hummer-investments-l-l-c.html. Westchester Capital owns 500 shares or 0.02% of their USA portfolio.

American Express Company (NYSE:AXP)’s EPS growth this year is 12.00% and the trailing 12-month EPS is $4.88. Therefore 26% are positive. American Express Company had 78 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Buy” on Thursday, July 20. The company was initiated on Thursday, August 20 by Evercore.

Bedrijfstakpensioenfonds Voor De Media Pno increased its stake in American Express Co (AXP) by 189.59% based on its latest 2017Q2 regulatory filing with the SEC.

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