Freestone Capital Holdings LLC Position in American Express Co (Call) (AXP) Has Cut by $2.22 Billion

August 9, 2018 - By Catherine Diaz

American Express Company (NYSE:AXP) LogoInvestors sentiment decreased to 0.81 in 2018 Q1. Its down 0.08, from 0.89 in 2017Q4. It fall, as 52 investors sold AXP shares while 462 reduced holdings. 99 funds opened positions while 318 raised stakes. 695.82 million shares or 0.87% less from 701.90 million shares in 2017Q4 were reported. Freestone Ltd Com holds 25,074 shares. Jolley Asset Ltd Liability Corp has 0.01% invested in American Express Company (NYSE:AXP). Moreover, Folger Nolan Fleming Douglas Capital Mngmt has 0.3% invested in American Express Company (NYSE:AXP). Employees Retirement Association Of Colorado holds 0.08% of its portfolio in American Express Company (NYSE:AXP) for 131,867 shares. Commonwealth Retail Bank Of owns 116,221 shares. Barr E S Co has 2.45% invested in American Express Company (NYSE:AXP). Evercore Wealth Management Limited Liability reported 7,474 shares stake. Blume Cap owns 1,500 shares for 0.08% of their portfolio. Drexel Morgan & invested 1.85% in American Express Company (NYSE:AXP). Argent Trust Com, Texas-based fund reported 39,692 shares. Louisiana State Employees Retirement Systems reported 44,000 shares. Baker Boyer Bancshares invested in 2,300 shares. Pennsylvania Trust Company has 0.39% invested in American Express Company (NYSE:AXP) for 89,157 shares. Telemus Cap Limited Com holds 0.05% or 6,616 shares in its portfolio. Tower Bridge Advsr owns 0% invested in American Express Company (NYSE:AXP) for 13,100 shares.

Since February 21, 2018, it had 0 buys, and 7 selling transactions for $10.36 million activity. Shares for $1.02M were sold by Petrino Richard on Tuesday, May 22. 3,804 American Express Company (NYSE:AXP) shares with value of $376,710 were sold by Buckminster Douglas E.. $1.23 million worth of American Express Company (NYSE:AXP) was sold by Squeri Stephen J. Cox L Kevin had sold 50,412 shares worth $5.07 million.

Freestone Capital Holdings Llc decreased its stake in American Express Co (Call) (AXP) by 97.94% based on its latest 2018Q1 regulatory filing with the SEC. Freestone Capital Holdings Llc sold 23,805 shares as the company’s stock declined 0.53% with the market. The institutional investor held 500 shares of the consumer services company at the end of 2018Q1, valued at $46.64 million, down from 24,305 at the end of the previous reported quarter. Freestone Capital Holdings Llc who had been investing in American Express Co (Call) for a number of months, seems to be less bullish one the $88.50 billion market cap company. The stock increased 0.79% or $0.81 during the last trading session, reaching $102.78. About 2.23 million shares traded. American Express Company (NYSE:AXP) has risen 30.55% since August 9, 2017 and is uptrending. It has outperformed by 17.98% the S&P500.

Freestone Capital Holdings Llc, which manages about $1.71 billion US Long portfolio, upped its stake in Argan Inc (NYSE:AGX) by 231,889 shares to 314,426 shares, valued at $13.51 million in 2018Q1, according to the filing. It also increased its holding in Bt Group Plc (NYSE:BT) by 376,650 shares in the quarter, for a total of 532,624 shares, and has risen its stake in F5 Networks Inc (NASDAQ:FFIV).

Analysts await American Express Company (NYSE:AXP) to report earnings on October, 17. They expect $1.77 earnings per share, up 18.00 % or $0.27 from last year’s $1.5 per share. AXP’s profit will be $1.52 billion for 14.52 P/E if the $1.77 EPS becomes a reality. After $1.84 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts -3.80 % negative EPS growth.

More notable recent American Express Company (NYSE:AXP) news were published by: Benzinga.com which released: “Alternative Payment Methods Are Changing E-Commerce” on July 24, 2018, also 247Wallst.com with their article: “American Express Seeks Blockchain Patent” published on July 16, 2018, Gurufocus.com published: “Gurus Are Buying These 5 Credit Services Companies” on August 08, 2018. More interesting news about American Express Company (NYSE:AXP) were released by: Streetinsider.com and their article: “American Express (AXP) and GreenSky Team (GSKY) Enter Pact for Digital Payments and Financing Capabilities” published on August 06, 2018 as well as Benzinga.com‘s news article titled: “Fintech Firm Even Financial Raises $18.8 Million Series A Round” with publication date: August 07, 2018.

American Express Company (NYSE:AXP) Ratings Coverage

Among 17 analysts covering American Express (NYSE:AXP), 9 have Buy rating, 1 Sell and 7 Hold. Therefore 53% are positive. American Express has $12000 highest and $8600 lowest target. $105.93’s average target is 3.06% above currents $102.78 stock price. American Express had 21 analyst reports since February 12, 2018 according to SRatingsIntel. The stock of American Express Company (NYSE:AXP) has “Buy” rating given on Wednesday, April 18 by Oppenheimer. On Friday, July 20 the stock rating was upgraded by DZ Bank to “Buy”. The rating was maintained by Oppenheimer with “Buy” on Thursday, April 12. Buckingham Research maintained American Express Company (NYSE:AXP) rating on Thursday, April 19. Buckingham Research has “Neutral” rating and $111 target. The firm has “Hold” rating given on Wednesday, April 11 by Jefferies. UBS initiated the shares of AXP in report on Tuesday, March 27 with “Buy” rating. The company was maintained on Thursday, April 19 by RBC Capital Markets. Susquehanna maintained the stock with “Buy” rating in Thursday, April 19 report. The rating was maintained by Oppenheimer on Tuesday, February 20 with “Buy”. As per Thursday, April 19, the company rating was maintained by Guggenheim.

American Express Company (NYSE:AXP) Institutional Positions Chart

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