American Express Co (AXP) Shareholder Fisher Asset Management LLC Trimmed Its Position by $197.37 Million

August 19, 2018 - By Ash Maslow

American Express Company (NYSE:AXP) LogoInvestors sentiment decreased to 0.81 in Q1 2018. Its down 0.08, from 0.89 in 2017Q4. It turned negative, 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. Winslow Evans & Crocker holds 3,768 shares. Lincoln Natl Corp accumulated 3,134 shares or 0.01% of the stock. Estabrook Cap Management has 0% invested in American Express Company (NYSE:AXP). Tctc Holding Ltd Liability Corporation reported 9,788 shares. Fincl Bank Hapoalim Bm has 0.14% invested in American Express Company (NYSE:AXP). Hyman Charles D holds 0.13% or 11,911 shares in its portfolio. Wisconsin-based Johnson Fin has invested 0.02% in American Express Company (NYSE:AXP). Boltwood Cap invested 1.47% of its portfolio in American Express Company (NYSE:AXP). Cypress Asset Management Incorporated Tx has invested 0.08% of its portfolio in American Express Company (NYSE:AXP). Edgar Lomax Communication Va holds 118,475 shares. 405 were accumulated by Perkins Coie Company. Renaissance Gru Ltd holds 340,770 shares. 250,211 are held by Barr E S &. Atlantic Group Inc holds 872,030 shares. King Luther Corporation stated it has 96,514 shares.

Since February 21, 2018, it had 0 insider buys, and 7 insider sales for $10.36 million activity. On Tuesday, May 1 Squeri Stephen J sold $1.23 million worth of American Express Company (NYSE:AXP) or 12,500 shares. $5.07M worth of American Express Company (NYSE:AXP) was sold by Cox L Kevin. $882,406 worth of American Express Company (NYSE:AXP) shares were sold by CAMPBELL JEFFREY C. Petrino Richard sold $1.02 million worth of stock.

Fisher Asset Management Llc decreased its stake in American Express Co (AXP) by 17.88% based on its latest 2018Q1 regulatory filing with the SEC. Fisher Asset Management Llc sold 2.12M shares as the company’s stock declined 0.53% with the market. The hedge fund held 9.75M shares of the consumer services company at the end of 2018Q1, valued at $909.51 million, down from 11.87 million at the end of the previous reported quarter. Fisher Asset Management Llc who had been investing in American Express Co for a number of months, seems to be less bullish one the $88.71 billion market cap company. The stock increased 0.37% or $0.38 during the last trading session, reaching $103.03. About 1.95M shares traded. American Express Company (NYSE:AXP) has risen 30.55% since August 19, 2017 and is uptrending. It has outperformed by 17.98% the S&P500.

Fisher Asset Management Llc, which manages about $75.40 billion US Long portfolio, upped its stake in Lilly Eli& Co (NYSE:LLY) by 219,612 shares to 3.53 million shares, valued at $273.06 million in 2018Q1, according to the filing. It also increased its holding in Comcast Corp New Cl A (NASDAQ:CMCSA) by 304,342 shares in the quarter, for a total of 8.21 million shares, and has risen its stake in Ishares Tr Iboxx Inv Cp Etf (LQD).

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 $1.52B for 14.55 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 news for American Express Company (NYSE:AXP) were recently published by: Benzinga.com, which released: “Alternative Payment Methods Are Changing E-Commerce” on July 24, 2018. Fool.com‘s article titled: “The 3 Worst Payments Stocks of 2018 (So Far)” and published on August 19, 2018 is yet another important article.

American Express Company (NYSE:AXP) Ratings Coverage

Among 16 analysts covering American Express (NYSE:AXP), 8 have Buy rating, 1 Sell and 7 Hold. Therefore 50% are positive. American Express had 20 analyst reports since February 20, 2018 according to SRatingsIntel. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, April 18 report. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, July 19. The company was maintained on Thursday, March 15 by Sandler O’Neill. Jefferies maintained it with “Hold” rating and $9500 target in Wednesday, April 11 report. On Thursday, April 19 the stock rating was maintained by RBC Capital Markets with “Sell”. The firm has “Buy” rating by Bernstein given on Thursday, April 19. Guggenheim maintained it with “Hold” rating and $10400 target in Thursday, April 19 report. The rating was upgraded by DZ Bank on Friday, July 20 to “Buy”. The firm has “Buy” rating given on Friday, June 29 by Buckingham Research. Susquehanna maintained the stock with “Buy” rating in Thursday, April 19 report.

American Express Company (NYSE:AXP) Institutional Positions Chart

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