American Express Company (NYSE:AXP) Stake Increased by Tiaa Fsb

Elias Hubbard
December 16, 2017

The institutional investor held 277,027 shares of the consumer services company at the end of 2017Q2, valued at $23.34M, down from 284,291 at the end of the previous reported quarter. Stryker Corp now has $57.73 billion valuation. SRS Capital Advisors Inc. now owns 1,476 shares of the payment services company's stock worth $116,000 after buying an additional 138 shares during the last quarter. About 1.34 million shares traded or 25.50% up from the average. PGT Innovations, Inc. (NASDAQ:PGTI) has risen 15.38% since December 16, 2016 and is uptrending. It has outperformed by 17.04% the S&P500.

First Trust Advisors LP lessened its stake in shares of American Express Company (NYSE:AXP) by 31.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Front Barnett Associates Llc sold 5,160 shares as the company's stock declined 3.65% while stock markets rallied. The hedge fund run by Dan Loeb held 5.25 million shares of the public utilities company at the end of 2017Q2, valued at $318.26 million, up from 5.00 million at the end of the previous reported quarter. The company has market cap of $85.52 billion. The stock increased 1.52% or $1.475 during the last trading session, reaching $98.625.

In taking a look at technical levels, American Express Company (NYSE:AXP) shares are trading 3.98% away from the 50 day simple moving average and 15.46% away from the 200 day simple moving average. American Express Company (NYSE:AXP) has risen 22.41% since December 16, 2016 and is uptrending. It has outperformed by 1.60% the S&P500. Its up 0.01, from 0.82 in 2017Q1. Wells Fargo And Company Mn invested in 0% or 49,022 shares. The ratio increased, as 110 funds opened new or increased equity positions, while 56 decreased and sold positions in Aci Worldwide Inc. 715.61 million shares or 0.88% less from 722.00 million shares in 2017Q1 were reported. Legg Mason Asset (Japan) Company Ltd accumulated 11,100 shares or 0.71% of the stock. Macnealy Hoover Investment has 6,000 shares. Mason Street Ltd owns 104,199 shares. Perhaps, that suggests something about why 91.01% of the outstanding share supply is held by institutional investors. Moreover, Eaton Vance Management has 0.14% invested in McCormick & Company, Incorporated (NYSE:MKC) for 550,789 shares.

Cibc World Mkts Inc has invested 0.05% of its portfolio in American Express Company (NYSE:AXP). Livforsakringsbolaget Skandia Omsesidigt accumulated 14,840 shares. Royal Bankshares Of Canada holds 0.04% or 864,380 shares. Srb invested 0.03% of its portfolio in American Express Company (NYSE:AXP). The stock of American Express Company (NYSE:AXP) earned "Sell" rating by UBS on Friday, January 22. Strs Ohio stated it has 0.36% in American Express Company (NYSE:AXP). Brookstone Cap owns 3,098 shares. First Personal Ser stated it has 3,153 shares. Corporate insiders own 0.67% of the company's stock. Pictet Cie (Europe) Sa holds 9,608 shares or 0.11% of its portfolio.

Since July 31, 2017, it had 0 insider purchases, and 8 sales for $22.58 million activity.

In related news, insider Susan Sobbott sold 5,500 shares of the business's stock in a transaction on Thursday, November 9th. Morgan Stanley maintained the shares of AXP in report on Thursday, April 21 with "Equal-Weight" rating. $8.79 million worth of American Express Company (NYSE:AXP) was sold by Buckminster Douglas E. The current market cap of American Express Company exhibits the basic determinant of asset allocation and risk-return parameters for its stocks.

Texan Capital Management, which manages about $389.58 million and $148.91M US Long portfolio, decreased its stake in Sap Ag (NYSE:SAP) by 3,678 shares to 16,997 shares, valued at $1.78 million in 2017Q2, according to the filing.

Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company's stock. Therefore 38% are positive. Stephens set a $89.00 price objective on shares of American Express and gave the company a "hold" rating in a report on Thursday, October 19th. The firm earned "Equal-Weight" rating on Monday, January 25 by Morgan Stanley. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Friday, July 14 report. As per Thursday, September 24, the company rating was maintained by Jefferies. On Friday, September 15 the stock rating was maintained by RBC Capital Markets with "Sell". The rating was downgraded by Goldman Sachs on Wednesday, January 13 to "Neutral". The firm has "Buy" rating given on Tuesday, September 1 by BB&T Capital. Finally, Barclays set a $93.00 price objective on shares of American Express and gave the company a "hold" rating in a research report on Thursday, October 19th. As per Wednesday, August 23, the company rating was maintained by BMO Capital Markets.

American Express (NYSE:AXP) last issued its quarterly earnings results on Wednesday, October 18th. They expect $0.24 earnings per share, down 4.00% or $0.01 from last year's $0.25 per share. After $0.25 actual earnings per share reported by Armada Hoffler Properties, Inc. for the previous quarter, Wall Street now forecasts -4.00% negative EPS growth.

Investors sentiment increased to 1.03 in Q2 2017. Its up 0.02, from 0.85 in 2017Q1. It is positive, as 79 investors sold LOW shares while 402 reduced holdings. 81 funds opened positions while 252 raised stakes. Independent Port Consultants invested 0.12% of its portfolio in Cummins Inc. Wilbanks Smith & Thomas Asset Management Llc, a Virginia-based fund reported 262,267 shares. Canandaigua Natl Bank Trust owns 15,303 shares for 0.26% of their portfolio. Dana Investment owns 216,445 shares. Mcmillion Mngmt Inc reported 12,545 shares stake. 606.01 million shares or 2.56% less from 621.93 million shares in 2017Q1 were reported. American Express comprises about 6.5% of Troy Asset Management Ltd's portfolio, making the stock its 5th largest holding. Fire Group reported 0.3% stake. Joel Isaacson And Ltd Liability accumulated 6,798 shares or 0.11% of the stock. Shelter Mutual Insurance reported 63,240 shares. 1,467 were reported by Rdl Fincl. 10,230 shares valued at $926,361 were sold by Bush James Peter on Monday, October 2. Endurance Wealth Mngmt has 0.02% invested in American Express Company (NYSE:AXP). SYK's profit will be $729.76 million for 19.78 P/E if the $1.95 EPS becomes a reality.

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