As American Express Co. (AXP) Market Value Declined, Cornerstone Investment Partners LLC Trimmed by $12.95 Million Its Holding

April 17, 2018 - By Kurt Siggers

American Express Company (NYSE:AXP) LogoInvestors sentiment increased to 0.89 in Q4 2017. Its up 0.06, from 0.83 in 2017Q3. It improved, as 42 investors sold AXP shares while 442 reduced holdings. 122 funds opened positions while 311 raised stakes. 701.90 million shares or 1.01% less from 709.03 million shares in 2017Q3 were reported. 9,273 are held by Outfitter. Bank Of The West has 4,509 shares. Seabridge Investment Advisors Limited Liability Company reported 0.02% of its portfolio in American Express Company (NYSE:AXP). Pension Serv reported 635,947 shares. Norinchukin Bank The has 134,748 shares for 0.23% of their portfolio. Ajo Lp holds 0.03% or 59,351 shares in its portfolio. Willingdon Wealth Mgmt holds 74 shares. Citadel Advsrs Limited Com owns 36,168 shares. State Bank Of America De invested in 7.89M shares. Brown Brothers Harriman invested in 39,049 shares. Davenport Limited Co owns 46,989 shares. Lourd Cap Ltd Liability Com stated it has 0.24% in American Express Company (NYSE:AXP). Northstar Grp invested in 14,250 shares or 0.75% of the stock. River Mercantile Asset Mgmt Llp stated it has 0.61% of its portfolio in American Express Company (NYSE:AXP). Fort Washington Advisors Incorporated Oh stated it has 0.19% of its portfolio in American Express Company (NYSE:AXP).

Since October 25, 2017, it had 0 insider buys, and 9 sales for $34.22 million activity. 30,761 shares valued at $2.87M were sold by Williams Anre D on Wednesday, October 25. $9.38 million worth of American Express Company (NYSE:AXP) shares were sold by CHENAULT KENNETH I. 56,680 shares were sold by Gupta Ashwini, worth $5.63 million on Tuesday, December 12. On Friday, October 27 Zukauckas Linda sold $304,962 worth of American Express Company (NYSE:AXP) or 3,196 shares. $4.32 million worth of American Express Company (NYSE:AXP) was sold by O’Neill Michael John. Buckminster Douglas E. also sold $8.79 million worth of American Express Company (NYSE:AXP) shares.

Cornerstone Investment Partners Llc decreased its stake in American Express Co. (AXP) by 7.21% based on its latest 2017Q4 regulatory filing with the SEC. Cornerstone Investment Partners Llc sold 130,792 shares as the company’s stock declined 7.41% with the market. The institutional investor held 1.68 million shares of the consumer services company at the end of 2017Q4, valued at $167.07M, down from 1.81M at the end of the previous reported quarter. Cornerstone Investment Partners Llc who had been investing in American Express Co. for a number of months, seems to be less bullish one the $80.81 billion market cap company. The stock increased 0.37% or $0.35 during the last trading session, reaching $93.95. About 1.15 million shares traded. American Express Company (NYSE:AXP) has risen 17.81% since April 17, 2017 and is uptrending. It has outperformed by 6.26% the S&P500.

Analysts await American Express Company (NYSE:AXP) to report earnings on April, 18. They expect $1.71 EPS, up 27.61 % or $0.37 from last year’s $1.34 per share. AXP’s profit will be $1.47B for 13.74 P/E if the $1.71 EPS becomes a reality. After $1.58 actual EPS reported by American Express Company for the previous quarter, Wall Street now forecasts 8.23 % EPS growth.

American Express Company (NYSE:AXP) Ratings Coverage

Among 21 analysts covering American Express (NYSE:AXP), 11 have Buy rating, 2 Sell and 8 Hold. Therefore 52% are positive. American Express had 36 analyst reports since October 19, 2017 according to SRatingsIntel. The firm has “Hold” rating by Piper Jaffray given on Thursday, January 18. On Friday, January 19 the stock rating was maintained by Wells Fargo with “Buy”. Keefe Bruyette & Woods maintained American Express Company (NYSE:AXP) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $116.0 target. Jefferies maintained American Express Company (NYSE:AXP) on Wednesday, April 11 with “Hold” rating. The firm earned “Equal-Weight” rating on Friday, February 2 by Morgan Stanley. The stock has “Buy” rating by Susquehanna on Thursday, December 28. The rating was maintained by RBC Capital Markets with “Sell” on Friday, January 19. The company was maintained on Thursday, March 15 by Sandler O’Neill. As per Thursday, October 19, the company rating was maintained by Credit Suisse. The stock of American Express Company (NYSE:AXP) has “Equal-Weight” rating given on Thursday, October 19 by Morgan Stanley.

American Express Company (NYSE:AXP) Institutional Positions Chart

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