Prudential Financial Inc. Has $119.61 Million Holdings in American Express Company (AXP)

Ceria Alfonso
Enero 13, 2018

The institutional investor held 2.48M shares of the consumer services company at the end of 2017Q3, valued at $224.36 million, down from 2.52 million at the end of the previous reported quarter. About 20,481 shares traded.

Shares of American Express Company (NYSE:AXP) traded up 0.56% during mid-day trading on Monday, hitting $77.28. It has outperformed by 5.71% the S&P500. Parallax Volatility Advisers Lp has invested 0% in Valeant Pharmaceuticals International, Inc. Janus Henderson Group PLC now owns 2,675,599 shares of the payment services company's stock worth $242,003,000 after buying an additional 959,824 shares during the last quarter. The hedge fund held 57,290 shares of the consumer services company at the end of 2017Q3, valued at $5.18M, down from 105,887 at the end of the previous reported quarter. The company has market cap of $13.29 billion. Bollard Gru Ltd Liability stated it has 156,355 shares or 1.03% of all its holdings. Leggett & Platt, Incorporated (NYSE:LEG) has risen 4.35% since January 12, 2017 and is uptrending. It has underperformed by 51.53% the S&P500. O'Neill Michael John also sold $4.32 million worth of American Express Company (NYSE:AXP) on Monday, December 11. Therefore 22% are positive. Time had 15 analyst reports since November 5, 2015 according to SRatingsIntel. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock of Sempra Energy (NYSE:SRE) has "Buy" rating given on Sunday, August 27 by RBC Capital Markets. The rating was maintained by Credit Suisse with "Underperform" on Thursday, October 22. The firm has "Equal-Weight" rating by Barclays Capital given on Friday, January 22. As per Friday, September 15, the company rating was maintained by RBC Capital Markets. The company was initiated on Tuesday, October 24 by Atlantic Securities. The company was maintained on Wednesday, November 1 by JP Morgan. Barclays' target price indicates a potential upside of 17.57% from the stock's current price. The firm has "Buy" rating by Goldman Sachs given on Wednesday, October 11. (NYSE:IT) on Tuesday, July 11 with "Buy" rating.

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.09, from 1.08 in 2017Q2. It is positive, as 28 investors sold SRE shares while 168 reduced holdings. Century Cos reported 4.03M shares or 0.37% of all its holdings. Prns Gp Holdg Ag invested 1.81% in Sempra Energy (NYSE:SRE). Legacy Private Tru has 2,300 shares. Schwerin Boyle Capital Management Inc holds 257,582 shares. First Interstate State Bank accumulated 92,649 shares or 1.8% of the stock. Smith Salley And Associates holds 13,055 shares or 0.23% of its portfolio. Winslow Evans Crocker Incorporated holds 3,884 shares. Kiltearn Prtnrs Llp holds 2.48M shares.

Investors may also want to take a longer-term look at company shares. Employees Retirement Association Of Colorado accumulated 43,019 shares. The payment services company reported $0.91 EPS for the quarter, missing the Zacks' consensus estimate of $0.98 by $0.07. Tower Cap Lc (Trc), New York-based fund reported 5,691 shares. The Continental Advisors Llc holds 20,000 shares with $287,000 value, down from 93,200 last quarter. Fifth Third Retail Bank has 0% invested in Nasdaq, Inc. The Cornercap Investment Counsel Inc holds 2,424 shares with $219,000 value, down from 11,374 last quarter.

American Express Company (NYSE:AXP) has risen 22.41% since January 12, 2017 and is uptrending. They expect $1.00 earnings per share, up 5.26% or $0.05 from last year's $0.95 per share. AXP's profit will be $1.34 billion for 16.24 P/E if the $1.54 EPS becomes a reality. The payment services company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.03.

Franklin Street Advisors Inc, which manages about $2.06B and $609.50 million US Long portfolio, upped its stake in Amazon.Com Inc (NASDAQ:AMZN) by 1,108 shares to 11,537 shares, valued at $11.09M in 2017Q3, according to the filing.

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Pinebridge Investments Lp decreased Oneok Inc New Com (NYSE:OKE) stake by 259,262 shares to 4,213 valued at $233,000 in 2017Q3.

Ratings analysis reveals 29% of American Express Company's analysts are positive. The lowest target is $54 while the high is $130.0. RBC Capital Markets maintained the stock with "Sell" rating in Wednesday, June 14 report. BMO Capital Markets maintained it with "Hold" rating and $84 target in Thursday, June 1 report. The firm has "Sell" rating given on Thursday, July 20 by RBC Capital Markets. The stock has "Outperform" rating by FBR Capital on Friday, February 12.

In recent action, American Express Company (AXP) has made a move of +1.37% over the past month, which has come on weak relative transaction volume. Nomura downgraded the stock to "Reduce" rating in Thursday, October 6 report.

Since July 31, 2017, it had 0 buys, and 11 insider sales for $38.86 million activity. Buckminster Douglas E. also sold $8.79 million worth of American Express Company (NYSE:AXP) shares. Bank of America maintained the shares of AXP in report on Monday, December 18 with "Buy" rating. 12,789 shares were sold by Bush James Peter, worth $1.27 million. 7,487 shares were sold by Kranich Robin B, worth $899,003 on Thursday, August 31.

Investors of record on Friday, January 5th will be given a $0.35 dividend. Its up 0.06, from 0.57 in 2017Q2. It increased, as 47 investors sold AXP shares while 434 reduced holdings. 50 funds opened positions while 128 raised stakes. Front Barnett Assocs Lc reported 109,144 shares. Reynders Mcveigh Mngmt Limited Liability reported 0.05% stake.

American Express (NYSE:AXP) last released its quarterly earnings results on Wednesday, October 18th. (NYSE:VRX). Moreover, 40 North Ltd Liability Corporation has 2.16% invested in Valeant Pharmaceuticals International, Inc. The company had a trading volume of 1,148,895 shares, compared to its average volume of 2,661,837. Macnealy Hoover Mngmt invested in 6,000 shares. CHENAULT KENNETH I sold $9.38M worth of American Express Company (NYSE:AXP) on Thursday, December 14.

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