Troy Asset Management LTD Lowered Its American Express Co (AXP) Stake by $4.32 Million; Share Price Rose

American Express Company (NYSE:AXP) LogoInvestors sentiment increased to 0.84 in Q2 2018. Its up 0.03, from 0.81 in 2018Q1. It improved, 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. 22,011 are owned by Wellington Shields Cap Mngmt Limited Com. Vantage Limited Company reported 0.15% of its portfolio in American Express Company (NYSE:AXP). Greatmark Partners owns 2.85% invested in American Express Company (NYSE:AXP) for 84,204 shares. Birch Hill Advsrs Llc accumulated 0.02% or 2,472 shares. Tci Wealth Advsrs has 4,280 shares for 0.19% of their portfolio. Trustco National Bank & Trust Corp N Y accumulated 12,025 shares or 1.23% of the stock. Twin Tree Mgmt Limited Partnership owns 30,321 shares or 0.02% of their US portfolio. Cubist Systematic Strategies Limited Com owns 31,082 shares or 0.15% of their US portfolio. Etrade Capital Limited Co reported 12,354 shares stake. Barclays Public Ltd Liability Com reported 1.02 million shares or 0.09% of all its holdings. Oxbow Limited Liability Company owns 0.03% invested in American Express Company (NYSE:AXP) for 2,740 shares. Signalpoint Asset Mngmt Ltd Com invested in 2,919 shares. 2,144 were reported by Boothbay Fund Lc. Caxton Assoc LP holds 0.37% of its portfolio in American Express Company (NYSE:AXP) for 75,538 shares. Ci Invests invested in 403,385 shares.

Since August 1, 2018, it had 0 insider purchases, and 4 sales for $5.95 million activity. Squeri Stephen J had sold 12,500 shares worth $1.30 million on Thursday, November 1. GORDON MARC D had sold 25,948 shares worth $2.80M on Wednesday, September 12.

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 1.53M 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 1.58M 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 $1.53B 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: Seekingalpha.com which released: “American Express gets approval for license in mainland China – Seeking Alpha” on November 09, 2018, also Seekingalpha.com with their article: “American Express -1.0% after Buckingham downgrade – Seeking Alpha” published on November 29, 2018, Seekingalpha.com published: “Dan Loeb’s Third Point takes new stake in American Express – Seeking Alpha” on November 09, 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. Nomura maintained American Express Company (NYSE:AXP) on Friday, October 19 with “Buy” rating. The stock has “Outperform” rating by Wells Fargo on Monday, October 1. Barclays Capital maintained the shares of AXP in report on Friday, October 19 with “Equal-Weight” rating. Buckingham Research downgraded it to “Neutral” rating and $112 target in Thursday, November 29 report. The firm earned “Market Perform” rating on Monday, October 22 by BMO Capital Markets. BMO Capital Markets maintained it with “Market Perform” rating and $106 target in Thursday, July 19 report. The stock has “Buy” rating by DZ Bank on Friday, July 20. On Monday, September 17 the stock rating was upgraded by Stephens to “Overweight”. The firm earned “Equal-Weight” rating on Friday, October 19 by Morgan Stanley. On Monday, November 26 the stock rating was maintained by Nomura with “Buy”.

American Express Company (NYSE:AXP) Institutional Positions Chart

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