Confluence Investment Management LLC Sells 35043 Shares of American Express Company (AXP)

Cornelia Mascio
Gennaio 20, 2018

Insiders have sold 442,869 shares of company stock worth $42,823,869 in the last ninety days. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company's stock worth $109,000 after buying an additional 300 shares during the last quarter. Howland Capital Management Llc invested 0.14% in American Express Company (NYSE:AXP). Zions Bancorporation now owns 1,337 shares of the payment services company's stock worth $121,000 after acquiring an additional 1,205 shares during the last quarter. Trading activity expanded to 5.23 million shares from the 90-day average tally of 3.23 million shares per day.

American Express Company (AXP) is an interesting player in the Financial space, with a focus on Credit Services. MV Capital Management Inc. increased its stake in American Express by 3.5% in the 2nd quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company's stock worth $122,000 after buying an additional 49 shares during the last quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tweedy Browne Company Llc who had been investing in Mrc Global Inc. for a number of months, seems to be bullish on the $1.75 billion market cap company. The stock increased 0.47% or $0.25 during the last trading session, reaching $53.45. About 596,372 shares traded. Carnival Corporation (NYSE:CCL) has risen 24.12% since January 19, 2017 and is uptrending. It has outperformed by 30.91% the S&P500.

Investors sentiment decreased to 0.75 in Q3 2017. The payment services company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.54 by $0.04. Sometimes the investor will just have to trust their research and instinct when purchasing shares. 17 funds opened positions while 60 raised stakes. Troy Asset Management Limited reported 1.60 million shares. Vantage Invest Advsr Ltd Llc accumulated 7 shares or 0% of the stock. (NYSE:GS) for 57,976 shares. It also upped Dollar General Corp (NYSE:DG) stake by 10.17 million shares and now owns 16.22 million shares. (NASDAQ:PICO). D E Shaw reported 21,747 shares. Harris Assocs Lp holds 1.57M shares or 0.63% of its portfolio. Barometer Capital Mgmt owns 119,900 shares. Carroll Fin Assoc Incorporated owns 0% invested in MRC Global Inc. (NYSE:GS) for 145 shares.

Ionic Capital Management Llc decreased Wal (NYSE:WMT) stake by 43,000 shares to 7,000 valued at $547,000 in 2017Q3. Ameriprise Finance owns 44,322 shares. Putnam Invs Limited Com reported 148,400 shares. Therefore 68% are positive. MRC Global had 32 analyst reports since August 6, 2015 according to SRatingsIntel. Jefferies Group now has a "Hold" rating and a $93.35 target price on the stock. Morgan Stanley maintained the stock with "Overweight" rating in Wednesday, October 18 report. The stock has "Outperform" rating by Cowen & Co on Tuesday, November 8. Jefferies maintained it with "Hold" rating and $85.0 target in Monday, September 18 report. The stock of RPC, Inc. The firm has "Buy" rating given on Friday, April 15 by Compass Point. The firm earned "Buy" rating on Wednesday, December 9 by Argus Research. The investor checklist may include studying the scope of a company's competitive industry advantage, examining company management, and trying to get a general feel if the stock is valued properly.

Locust Wood Capital Advisers Llc, which manages about $781.63 million and $1.06B US Long portfolio, decreased its stake in Silver Run Acquisition by 1.10M shares to 12,805 shares, valued at $137,000 in 2017Q3, according to the filing. It also increased its holding in Vanguard Star Fd (VXUS) by 10,053 shares in the quarter, for a total of 29,726 shares, and has risen its stake in Exxon Mobil Corp (NYSE:XOM).

American Express Company (NYSE:AXP) gross margin percentage stands at 71.8% while its operating margin for the past trailing twelve month is 20.3 percent and its overall profit margin (ttm) is 13.9 Percent. Goldman Sachs Group Inc. had 94 analyst reports since July 21, 2015 according to SRatingsIntel.

Several equities analysts have recently issued reports on AXP shares. The rating was maintained by BMO Capital Markets on Thursday, June 1 with "Hold". Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company. The stock has "Neutral" rating by Instinet on Thursday, April 27. Goldman Sachs has "Neutral" rating and $67 target.

Market capitalization is the total market value of all of a company's outstanding shares.

Since August 3, 2017, it had 0 insider purchases, and 5 sales for $11.99 million activity. 56,680 shares valued at $5.63 million were sold by Gupta Ashwini on Tuesday, December 12.

In recent action, American Express Company (AXP) has made a move of +0.18% over the past month, which has come on weak relative transaction volume.

In other American Express news, insider Douglas E. Buckminster sold 88,930 shares of the firm's stock in a transaction dated Monday, December 11th. Shah Praful had sold 10,000 shares worth $410,800. William Blair analyst R. Napoli now anticipates that the payment services company will post earnings per share of $7.25 for the year, up from their prior forecast of $6.55. William Blair also issued estimates for American Express' Q4 2017 earnings at $1.57 EPS, Q1 2018 earnings at $1.82 EPS, Q2 2018 earnings at $1.85 EPS, Q3 2018 earnings at $1.83 EPS and Q4 2018 earnings at $1.75 EPS. Its up 0.01, from 0.82 in 2017Q2. It is positive, as 47 investors sold AXP shares while 434 reduced holdings. 76 funds opened positions while 330 raised stakes.

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