As American Express Co (AXP) Shares Declined, Great Lakes Advisors LLC Increased Its Stake by $20.14 Million

June 27, 2018 - By Bridget Boland

American Express Company (NYSE:AXP) Corporate LogoBig Money Sentiment decreased to 0.81 in 2018 Q1. It has change of 0.08, from 2017Q4’s 0.89. The ratio is negative due to AXP positioning: 52 sold and 462 reduced. 99 funds acquired positions and 318 increased positions. Investors holded 701.90 million in 2017Q4 but now own 695.82 million shares or 0.87% less. Focused Wealth Inc stated it has 1,700 shs or 0.05% of all its holdings. Fmr Limited Company holds 895,955 shs. Drexel Morgan accumulated 1.85% or 19,039 shs. Mariner Ltd Liability Corp reported 0.06% of its capital in American Express Company (NYSE:AXP). Nomura invested in 128,617 shs or 0.01% of the stock. The California-based Destination Wealth Mgmt has invested 0% in American Express Company (NYSE:AXP). Hsbc Public Ltd Company, a United Kingdom-based fund reported 893,503 shs. Mirae Asset Global Invs Com Limited reported 34,459 shs. Greenwood Gearhart reported 0.51% in American Express Company (NYSE:AXP). King Luther Cap Mngmt has invested 0.08% of its capital in American Express Company (NYSE:AXP). 9,115 are held by Estabrook Mgmt. Missouri-based Signalpoint Asset Management Lc has invested 0.13% in American Express Company (NYSE:AXP). Gabelli Funds Ltd Llc reported 1.48M shs. Live Your Vision Limited Liability Com has invested 0.02% of its capital in American Express Company (NYSE:AXP). Ubs Asset Mngmt Americas stated it has 4.83M shs or 0% of all its holdings.

AXP registered $12.05 million net activity with 0 insider purchases and 8 selling transactions since January 2, 2018. Buckminster Douglas E. had sold 3,804 shs worth $376,710. Cox L Kevin had sold 50,412 shs worth $5.07M. On Tuesday, May 22 Petrino Richard had sold 9,880 shs worth $1.02 million. On Friday, June 1 $889,103 worth of stock was sold by CAMPBELL JEFFREY C. On Tuesday, May 1 a trade for 12,500 shs valued at $1.23 million was made by Squeri Stephen J.

In American Express Co (AXP) was rose the stake held by Great Lakes Advisors Llc. The reduction is 36.03% according to 2018Q1 SEC filling. 242,648 shares were bought by Great Lakes Advisors Llc as the company’s stock declined 0.53% with the market. The consumer services company announced $76.66M value for the 2018Q1. Now the institutional investor is holding 916,080 shares, compared to the 673,432 from the previous quarter. $84.50B is the market cap of American Express Co. Ticker’s shares touched $98.21 during the last trading session after 0.33% change.American Express Company has 4.79M shares volume, 32.17% up from normal. AXP is uptrending and has moved 30.55% since June 27, 2017. The stock outperformed the S&P500 by 17.98%.

About $5.40 billion and $4.20 billion US Long portfolio Great Lakes Advisors Llc operates. Its stake in Amgen Inc (NASDAQ:AMGN) was decreased by 311,031 shares to 14,700 shares valued at $2.51 million in 2018Q1, according to the filing. Great Lakes Advisors Llc has cut its stake in Avery Dennison Corp (NYSE:AVY) and also reduced its holding in Air Prods And Chems Inc (NYSE:APD) by 34,528 shares in the quarter, for a total of 63,019 shares.

A couple more American Express Company (NYSE:AXP) news were announced by: Fool.com which released on June 25, 2018 “3 Stocks to Buy and Hold for Decades”, also Fool.com on June 25, 2018 announced “Why American Express Is Pulling the Plug on This Rewards Program”, the next Bizjournals.com is “How the revamped Wells Fargo, American Express rewards card stacks up against the competition” on June 26, 2018. Finance.Yahoo.com has article titled “3 Big Stock Charts for Tuesday: Bank of America, American Express and Marsh & McLennan”.

American Express Company (NYSE:AXP) Ratings Coverage

In total 22 analysts cover American Express (NYSE:AXP). “Buy” rating has 10, “Sell” are 2, while 10 are “Hold”. 45% are bullish. With $130.0 highest and $78.0 lowest PT American Express has $106.30 average PT or 8.24% above the current ($98.21) price. 36 are the (NYSE:AXP)’s analyst reports since December 28, 2017 according to StockzIntelligence Inc. On Friday, January 12 the company was downgraded by JP Morgan. On Tuesday, February 20 Oppenheimer maintained the shares of AXP in report with “Buy” rating. On Wednesday, January 10 the firm has “Hold” rating given by Jefferies. The company rating was maintained by Wells Fargo on Friday, January 19. The stock rating was maintained by Wells Fargo with “Buy” on Tuesday, January 9. On Wednesday, January 17 the stock of American Express Company (NYSE:AXP) earned “Buy” rating by Guggenheim. On Thursday, January 18 Piper Jaffray maintained American Express Company (NYSE:AXP) rating. Piper Jaffray has “Hold” rating and $122.0 target. On Friday, January 19 the rating was maintained by RBC Capital Markets with “Sell”. In Thursday, April 12 report Oppenheimer maintained the stock with “Buy” rating. On Wednesday, April 18 Oppenheimer maintained American Express Company (NYSE:AXP) with “Buy” rating.

American Express Company (NYSE:AXP) Institutional Investors Chart

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