Kiltearn Partners Llp Lowered Stake in American Express Co (AXP) by $3.55 Million

January 20, 2018 - By Peter Erickson

Investors sentiment increased to 0.83 in Q3 2017. Its up 0.01, from 0.82 in 2017Q2. It increased, as 47 investors sold AXP shares while 434 reduced holdings. 100 funds opened positions while 297 raised stakes. 709.03 million shares or 0.92% less from 715.61 million shares in 2017Q2 were reported. Millennium Mngmt Ltd Liability Corporation accumulated 156,168 shares. Parnassus Invests Ca accumulated 2.30M shares. The Nebraska-based Westchester Cap Mgmt Inc has invested 0.02% in American Express Company (NYSE:AXP). Castleark Mngmt Limited Com holds 0.01% or 2,675 shares in its portfolio. Rand Wealth Limited Liability Com holds 32,646 shares or 0.34% of its portfolio. Greylin Inv Mangement holds 2,275 shares or 0.05% of its portfolio. Pacific Global has 0.61% invested in American Express Company (NYSE:AXP). Northstar Group Inc Inc stated it has 0.81% of its portfolio in American Express Company (NYSE:AXP). Mount Vernon Associate Incorporated Md reported 18,375 shares. Pinnacle Financial Prtn Inc invested 0.46% in American Express Company (NYSE:AXP). Ronna Sue Cohen reported 2,500 shares or 0.17% of all its holdings. Tiemann Inv Advsrs Limited Liability Company reported 0.25% stake. Private Advisor Gru Limited Liability Company reported 39,550 shares. The Texas-based Usca Ria Limited Liability has invested 0.32% in American Express Company (NYSE:AXP). Argent Trust Communications holds 0.2% in American Express Company (NYSE:AXP) or 5,540 shares.

Since July 31, 2017, it had 0 insider buys, and 11 sales for $38.86 million activity. Another trade for 3,196 shares valued at $304,962 was sold by Zukauckas Linda. Shares for $2.87 million were sold by Williams Anre D. Gupta Ashwini sold $5.63M worth of American Express Company (NYSE:AXP) on Tuesday, December 12. Sobbott Susan sold 6,000 shares worth $506,340. Another trade for 88,930 shares valued at $8.79 million was sold by Buckminster Douglas E.. $322,145 worth of stock was sold by Bush James Peter on Thursday, October 26.

Kiltearn Partners Llp decreased its stake in American Express Co (AXP) by 1.57% based on its latest 2017Q3 regulatory filing with the SEC. Kiltearn Partners Llp sold 39,465 shares as the company’s stock declined 3.65% while stock markets rallied. The institutional investor held 2.48M shares of the consumer services company at the end of 2017Q3, valued at $224.36M, down from 2.52M at the end of the previous reported quarter. Kiltearn Partners Llp who had been investing in American Express Co for a number of months, seems to be less bullish one the $85.09 billion market cap company. The stock decreased 1.83% or $1.83 during the last trading session, reaching $98.03. About 12.31M shares traded or 269.67% up from the average. American Express Company (NYSE:AXP) has risen 22.41% since January 20, 2017 and is uptrending. It has outperformed by 5.71% the S&P500.

Kiltearn Partners Llp, which manages about $3.16 billion and $3.42B US Long portfolio, upped its stake in Mckesson Corp (NYSE:MCK) by 157,400 shares to 1.40 million shares, valued at $214.98 million in 2017Q3, according to the filing. It also increased its holding in Viacom Inc New (NASDAQ:VIAB) by 1.39 million shares in the quarter, for a total of 2.61M shares, and has risen its stake in United Nat Foods Inc (NASDAQ:UNFI).

More notable recent American Express Company (NYSE:AXP) news were published by: Marketwatch.com which released: “Facebook adds former American Express CEO to board” on January 18, 2018, also Finance.Yahoo.com with their article: “American Express Company (AXP) Shares Dip Despite Bottom-Line Beat” published on January 19, 2018, Finance.Yahoo.com published: “Amex has first loss in years, IBM to take hit, GM dodges $1B bullet, SoftBank …” on January 19, 2018. More interesting news about American Express Company (NYSE:AXP) were released by: Benzinga.com and their article: “American Express Q4 Earnings Preview” published on January 18, 2018 as well as Seekingalpha.com‘s news article titled: “American Express (AXP) Q4 2017 Results – Earnings Call Transcript” with publication date: January 19, 2018.

American Express Company (NYSE:AXP) Ratings Coverage

Among 36 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 4 Sell and 22 Hold. Therefore 28% are positive. American Express Company has $130.0 highest and $54 lowest target. $95.21’s average target is -2.88% below currents $98.03 stock price. American Express Company had 104 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies maintained the shares of AXP in report on Wednesday, January 10 with “Hold” rating. JP Morgan downgraded American Express Company (NYSE:AXP) on Friday, January 12 to “Neutral” rating. The stock of American Express Company (NYSE:AXP) has “Buy” rating given on Friday, August 18 by Keefe Bruyette & Woods. The stock has “Buy” rating by Deutsche Bank on Tuesday, February 9. The company was maintained on Friday, September 22 by Keefe Bruyette & Woods. The stock of American Express Company (NYSE:AXP) earned “Hold” rating by Barclays Capital on Thursday, January 11. The firm has “Overweight” rating given on Tuesday, January 17 by JP Morgan. The rating was reinitiated by Piper Jaffray with “Neutral” on Wednesday, November 25. The company was upgraded on Tuesday, June 20 by Stephens. As per Wednesday, April 26, the company rating was upgraded by Guggenheim.

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