American Express Co (AXP) Holder Troy Asset Management LTD Lowered Holding by $4.32 Million as Stock Rose

American Express Company (NYSE:AXP) LogoInvestors sentiment increased to 0.84 in 2018 Q2. Its up 0.03, from 0.81 in 2018Q1. It increased, as 54 investors sold AXP shares while 436 reduced holdings. 94 funds opened positions while 320 raised stakes. 696.30 million shares or 0.07% more from 695.82 million shares in 2018Q1 were reported. Pictet Asset Management stated it has 0.28% in American Express Company (NYSE:AXP). Sumitomo Mitsui Trust reported 2.46 million shares. 1.19M are owned by California State Teachers Retirement System. Natixis Advsr Limited Partnership reported 322,843 shares. Rmb Mngmt Llc has 10,048 shares for 0.02% of their portfolio. Loring Wolcott Coolidge Fiduciary Advsrs Limited Liability Partnership Ma has 0.02% invested in American Express Company (NYSE:AXP). Moreover, Rocky Mountain Advisers Ltd has 0.07% invested in American Express Company (NYSE:AXP). Cibc Mkts invested in 218,771 shares or 0.19% of the stock. Parnassus Invests Ca reported 2.89% of its portfolio in American Express Company (NYSE:AXP). Commerce Financial Bank has invested 0.17% of its portfolio in American Express Company (NYSE:AXP). Captrust invested in 0.15% or 28,181 shares. 10,409 were accumulated by Berkshire Asset Management Limited Liability Company Pa. Palisades Hudson Asset Ltd Partnership invested in 3,834 shares. Markel reported 0.69% of its portfolio in American Express Company (NYSE:AXP). Osterweis Mgmt reported 0.04% stake.

Since August 1, 2018, it had 0 insider purchases, and 4 insider sales for $5.95 million activity. 12,500 shares were sold by Squeri Stephen J, worth $1.30M. $960,959 worth of stock was sold by CAMPBELL JEFFREY C on Tuesday, September 4.

Troy Asset Management Ltd decreased its stake in American Express Co (AXP) by 2.83% based on its latest 2018Q2 regulatory filing with the SEC. Troy Asset Management Ltd sold 44,556 shares as the company’s stock rose 7.86% with the market. The institutional investor held 1.53 million shares of the consumer services company at the end of 2018Q2, valued at $149.89 million, down from 1.57M at the end of the previous reported quarter. Troy Asset Management Ltd who had been investing in American Express Co for a number of months, seems to be less bullish one the $90.79B market cap company. The stock decreased 1.26% or $1.36 during the last trading session, reaching $106.28. About 1.58 million shares traded. American Express Company (NYSE:AXP) has risen 24.64% since December 6, 2017 and is uptrending. It has outperformed by 9.02% the S&P500.

Analysts await American Express Company (NYSE:AXP) to report earnings on January, 17. They expect $1.79 earnings per share, up 13.29 % or $0.21 from last year’s $1.58 per share. AXP’s profit will be $1.53 billion for 14.84 P/E if the $1.79 EPS becomes a reality. After $1.88 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts -4.79 % negative EPS growth.

More notable recent American Express Company (NYSE:AXP) news were published by: Businesswire.com which released: “The American Express Business Platinum Card Evolves with New Productivity and Travel Solutions – Business Wire” on December 03, 2018, also Fool.com with their article: “3 Warren Buffett Stocks to Buy in December – Motley Fool” published on December 06, 2018, Bizjournals.com published: “Lease approved for American Express bring Centurion Lounge to Charlotte Douglas International Airport – Charlotte Business Journal” on November 29, 2018. More interesting news about American Express Company (NYSE:AXP) were released by: Fool.com and their article: “2 Cheap Dividend Stocks You Can Buy Right Now – The Motley Fool” published on November 14, 2018 as well as Seekingalpha.com‘s news article titled: “American Express launches virtual payments product – Seeking Alpha” with publication date: November 15, 2018.

American Express Company (NYSE:AXP) Ratings Coverage

Among 8 analysts covering American Express (NYSE:AXP), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. American Express had 12 analyst reports since June 25, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Friday, July 20 by DZ Bank. Barclays Capital maintained American Express Company (NYSE:AXP) rating on Friday, October 19. Barclays Capital has “Equal-Weight” rating and $115 target. The firm has “Overweight” rating given on Monday, September 17 by Stephens. Wells Fargo maintained the stock with “Outperform” rating in Monday, October 1 report. The rating was maintained by Nomura on Friday, October 19 with “Buy”. The rating was upgraded by Buckingham Research on Friday, June 29 to “Buy”. BMO Capital Markets maintained it with “Market Perform” rating and $106 target in Thursday, July 19 report. The stock of American Express Company (NYSE:AXP) has “Buy” rating given on Monday, November 26 by Nomura. The firm has “Equal-Weight” rating given on Friday, October 19 by Morgan Stanley. The firm has “Market Perform” rating by BMO Capital Markets given on Monday, October 22.

American Express Company (NYSE:AXP) Institutional Positions Chart

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