Economy

Seminole Management Lowered Stake in American Express Co (AXP) by $20.06 Million

The total number of shares traded in the last 12 months is 2.25 million. It has outperformed by 10.07% the S&P500.

MCF Advisors LLC boosted its stake in American Express Company (NYSE:AXP) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The stock of American Express Company (NYSE:AXP) has "Buy" rating given on Thursday, September 17 by Janney Capital. SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company's stock valued at $116,000 after buying an additional 138 shares during the period. The company has market cap of $76.51 billion. The stock increased 0.10% or $0.09 during the last trading session, reaching $86.64. About shares traded. American Express Company (NYSE:AXP) has risen 22.41% since September 14, 2016 and is uptrending. It has outperformed by 5.71% the S&P500.

Investors sentiment decreased to 0.67 in Q4 2016. Its down 0.02, from 0.86 in 2016Q3. Fruth Invest accumulated 12,860 shares. 55 funds opened positions while 114 raised stakes. Private Commercial Bank And Tru reported 9,407 shares stake. Capital Planning Limited Liability has 23,834 shares for 0.94% of their portfolio. Korea Inv invested in 337,527 shares. Solaris Asset Management Ltd Liability Company accumulated 425 shares. Tokio Marine Asset Mngmt Ltd, Japan-based fund reported 44,891 shares. Tweedy Browne Company Llc who had been investing in Total S A 1 Adr Representing 1 for a number of months, seems to be less bullish one the $132.99 billion market cap company. Glenmede Comm Na owns 511,239 shares for 0.21% of their portfolio. Institutional investors own 82.80% of the company's stock. Stephens Ar holds 101,885 shares or 0.22% of its portfolio. The firm owned 74,529 shares of the payment services company's stock after buying an additional 32,640 shares during the quarter. 55,000 were reported by Jcsd Capital Lc. The rating was upgraded by Bank of America on Thursday, October 20 to "Neutral". Therefore 73% are positive. Below is a list of American Express Company (NYSE:AXP) latest ratings and price target changes. BidaskClub upgraded shares of American Express from a "sell" rating to a "hold" rating in a report on Tuesday, August 8th. Buckminster Douglas E. sold $237,720 worth of American Express Company (NYSE:AXP) on Friday, April 28. The firm has "Hold" rating by Sandler O'Neill given on Wednesday, August 26. As per Monday, November 9, the company rating was initiated by Topeka Capital Markets. The rating was initiated by Compass Point on Friday, April 15 with "Buy". The stock has "Outperform" rating by Keefe Bruyette & Woods on Friday, June 24.

Since May 2, 2017, it had 0 insider buys, and 2 sales for $982,584 activity. Of those transactions, there were 388,645 shares of AXP bought and 1.86 million shares sold.

Seminole Management, which manages about $3.29 billion and $516.10M US Long portfolio, upped its stake in Prudential Finl Inc (NYSE:PRU) by 72,800 shares to 124,700 shares, valued at $12.98M in 2016Q4, according to the filing. It is the same, as 16 investors sold MEG Energy Corp shares while 50 reduced holdings. only 24 funds opened positions while 37 raised stakes.

In other news, insider Paul D. Fabara sold 5,981 shares of the business's stock in a transaction dated Friday, July 21st. Transamerica Fincl Advsr holds 0.75% in American Express Company (NYSE:AXP) or 85,380 shares. In the last ninety days, insiders have sold 949,387 shares of company stock valued at $80,451,099. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the stock. Therefore 28% are positive. Barclays PLC restated a "buy" rating and set a $83.00 price objective on shares of American Express in a report on Thursday, July 20th. The rating was downgraded by Morgan Stanley to "Equal-Weight" on Monday, January 25. On Thursday, August 24 the stock rating was maintained by Stifel Nicolaus with "Buy". The stock of American Express Company (NYSE:AXP) has "Buy" rating given on Friday, August 18 by Keefe Bruyette & Woods. Imperial Capital maintained the shares of LUV in report on Thursday, September 3 with "Outperform" rating. On Monday, September 14 the stock rating was maintained by S&P Research with "Hold". Goldman Sachs has "Neutral" rating and $67 target.

Investors sentiment increased to 0.82 in Q4 2016. Its down 0.06, from 0.96 in 2016Q3. MCF Advisors has an ownership of 1,286 stocks of the payment services firms shares valued $108,000 following purchasing an extra 4 shares through out the quarter.

Beta is also an important valuation ratio for analyzing the stock of the company, AXP hasits industry and Sector's beta remains at 0.85 and 0.78 respectively. Us Savings Bank De invested in 0% or 6,220 shares. Fin Counselors reported 7,592 shares. Telemus Cap Limited Liability Corp reported 6,710 shares or 0.07% of all its holdings. Blackrock Institutional Co Na holds 2.68 million shares or 0.01% of its portfolio.

American Express Company, together with its subsidiaries, is a global services company. 454,102 are held by Aqr Limited Com. More interesting news about American Express Company (NYSE:AXP) were released by: Seekingalpha.com and their article: "American Express: Income Is The Main Attractive Factor" published on September 08, 2017 as well as Seekingalpha.com's news article titled: "American Express: The Tailwinds Will Eventually Prevail Over The Headwinds" with publication date: August 22, 2017. Artisan Prtnrs LP stated it has 4.99 million shares or 0.77% of all its holdings. Amica Mutual Comm accumulated 128,558 shares. Bancorporation reported 0.56% in American Express Company (NYSE:AXP). The California-based Focused Invsts Ltd Com has invested 5.62% in American Express Company (NYSE:AXP).

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