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American Express Co (AXP) Stock Value Declined While Marathon Asset Management Llp Boosted Stake; Northrock Partners Has Decreased Its Ameriprise Finl (AMP) Position as Market Value Declined

Ameriprise Financial, Inc. (NYSE:AMP) Logo

Bruce J. Richards increased its stake in American Express Co (AXP) by 1.64% based on its latest 2017Q4 regulatory filing with the SEC. Marathon Asset Management Llp bought 15,163 shares as the company’s stock declined 7.41% with the market. The hedge fund run by Bruce J. Richards held 940,294 shares of the consumer services company at the end of 2017Q4, valued at $93.38M, up from 925,131 at the end of the previous reported quarter. Marathon Asset Management Llp who had been investing in American Express Co for a number of months, seems to be bullish on the $88.05B market cap company. The stock increased 7.59% or $7.22 during the last trading session, reaching $102.37. About 11.72 million shares traded or 184.01% up from the average. American Express Company (NYSE:AXP) has risen 17.81% since April 20, 2017 and is uptrending. It has outperformed by 6.26% the S&P500.

Northrock Partners Llc decreased its stake in Ameriprise Finl Inc (AMP) by 32.17% based on its latest 2017Q4 regulatory filing with the SEC. Northrock Partners Llc sold 25,674 shares as the company’s stock declined 14.11% with the market. The institutional investor held 54,145 shares of the finance company at the end of 2017Q4, valued at $9.18M, down from 79,819 at the end of the previous reported quarter. Northrock Partners Llc who had been investing in Ameriprise Finl Inc for a number of months, seems to be less bullish one the $21.27 billion market cap company. The stock increased 0.66% or $0.96 during the last trading session, reaching $145.58. About 1.24 million shares traded or 14.71% up from the average. Ameriprise Financial, Inc. (NYSE:AMP) has risen 17.58% since April 20, 2017 and is uptrending. It has outperformed by 6.03% the S&P500.

Investors 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. Benin Mngmt Corporation has 0.18% invested in American Express Company (NYSE:AXP). Ameriprise Financial Incorporated holds 0.06% or 1.22 million shares in its portfolio. Cornerstone Llc holds 154,494 shares or 0.11% of its portfolio. Grimes And Company invested in 9,254 shares. Private Tru Na holds 6,722 shares. Hillsdale stated it has 4,000 shares. Macnealy Hoover Investment Mgmt has 6,000 shares. The Delaware-based Reliance Of Delaware has invested 0.39% in American Express Company (NYSE:AXP). Marco Investment Mngmt Limited Liability Corporation holds 1.01% or 66,700 shares in its portfolio. Nichols & Pratt Advisers Llp Ma invested in 0.02% or 2,600 shares. Heritage Wealth Advsrs accumulated 2,900 shares or 0.12% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.28% invested in American Express Company (NYSE:AXP). Berkshire Asset Mngmt Lc Pa owns 10,824 shares. Obermeyer Wood Invest Counsel Lllp accumulated 2,992 shares or 0.03% of the stock. Counselors Of Maryland Limited Liability Com stated it has 200 shares.

Since October 25, 2017, it had 0 insider purchases, and 9 selling transactions for $34.22 million activity. $8.79M worth of American Express Company (NYSE:AXP) was sold by Buckminster Douglas E. on Monday, December 11. 56,680 shares were sold by Gupta Ashwini, worth $5.63M. On Monday, December 11 O’Neill Michael John sold $4.32 million worth of American Express Company (NYSE:AXP) or 43,741 shares. Shares for $304,962 were sold by Zukauckas Linda on Friday, October 27. Another trade for 96,440 shares valued at $9.38M was sold by CHENAULT KENNETH I. Williams Anre D also sold $2.87M worth of American Express Company (NYSE:AXP) on Wednesday, October 25.

Among 37 analysts covering American Express Company (NYSE:AXP), 13 have Buy rating, 3 Sell and 21 Hold. Therefore 35% are positive. American Express Company had 114 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Wednesday, June 14 by RBC Capital Markets. Morgan Stanley maintained it with “Equal-Weight” rating and $68 target in Thursday, April 21 report. The stock of American Express Company (NYSE:AXP) has “Hold” rating given on Monday, January 25 by Argus Research. Sandler O’Neill maintained American Express Company (NYSE:AXP) rating on Thursday, March 15. Sandler O’Neill has “Buy” rating and $109.0 target. The stock of American Express Company (NYSE:AXP) earned “Buy” rating by Keefe Bruyette & Woods on Friday, August 18. The firm has “Buy” rating given on Tuesday, February 9 by Deutsche Bank. The rating was maintained by RBC Capital Markets on Thursday, July 20 with “Sell”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, February 2 report. The stock of American Express Company (NYSE:AXP) earned “Hold” rating by BMO Capital Markets on Friday, October 6. On Thursday, October 22 the stock rating was maintained by Credit Suisse with “Underperform”.

Marathon Asset Management Llp, which manages about $50.94 billion and $6.49 billion US Long portfolio, decreased its stake in Paypal Holdings Inc by 626,064 shares to 547,602 shares, valued at $40.31 million in 2017Q4, according to the filing. It also reduced its holding in Rogers Communications Inc (NYSE:RCI) by 281,332 shares in the quarter, leaving it with 1.17 million shares, and cut its stake in Mcdonalds Corp (NYSE:MCD).

Among 15 analysts covering Ameriprise Financial (NYSE:AMP), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Ameriprise Financial had 50 analyst reports since September 7, 2015 according to SRatingsIntel. The rating was upgraded by Credit Suisse to “Outperform” on Monday, January 11. The firm earned “Outperform” rating on Thursday, April 28 by RBC Capital Markets. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, July 27 report. The stock has “Buy” rating by Citigroup on Thursday, January 26. The firm earned “Equal-Weight” rating on Friday, January 29 by Barclays Capital. On Thursday, April 5 the stock rating was maintained by Morgan Stanley with “Overweight”. SunTrust maintained Ameriprise Financial, Inc. (NYSE:AMP) rating on Thursday, January 18. SunTrust has “Hold” rating and $180.0 target. The firm has “Outperform” rating given on Thursday, October 22 by RBC Capital Markets. The firm has “Hold” rating by RBC Capital Markets given on Thursday, January 25. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Buy”.

Analysts await Ameriprise Financial, Inc. (NYSE:AMP) to report earnings on April, 23 after the close. They expect $3.50 EPS, up 29.63% or $0.80 from last year’s $2.7 per share. AMP’s profit will be $511.32 million for 10.40 P/E if the $3.50 EPS becomes a reality. After $3.26 actual EPS reported by Ameriprise Financial, Inc. for the previous quarter, Wall Street now forecasts 7.36% EPS growth.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.16, from 0.97 in 2017Q3. It increased, as 29 investors sold AMP shares while 218 reduced holdings. 81 funds opened positions while 199 raised stakes. 115.74 million shares or 0.30% less from 116.09 million shares in 2017Q3 were reported. Moreover, Vanguard Grp Inc Inc has 0.09% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 12.78 million shares. Oregon Pub Employees Retirement Fund owns 43,943 shares for 0.11% of their portfolio. Pnc Financial Serv Grp holds 0.09% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP) for 518,516 shares. Schwab Charles Invest Mngmt Inc reported 0.08% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Benjamin F Edwards &, a Missouri-based fund reported 196 shares. First Advisors Lp holds 0.05% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP) for 120,145 shares. Lombard Odier Asset Mgmt (Europe) holds 0.02% or 1,826 shares in its portfolio. Raymond James Tru Na has invested 0.16% in Ameriprise Financial, Inc. (NYSE:AMP). Point72 Asset Management LP stated it has 0.07% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). Princeton Port Strategies Ltd Liability Company invested 0.06% in Ameriprise Financial, Inc. (NYSE:AMP). Gideon Advisors has invested 0.75% in Ameriprise Financial, Inc. (NYSE:AMP). Principal Fincl Group Inc Inc reported 0.09% in Ameriprise Financial, Inc. (NYSE:AMP). Fil Ltd stated it has 0.11% in Ameriprise Financial, Inc. (NYSE:AMP). Ameriprise has 0% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 38,033 shares. Moreover, Fund Evaluation Group Ltd Liability Com has 0.21% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 11,240 shares.

Northrock Partners Llc, which manages about $837.47 million and $313.47 million US Long portfolio, upped its stake in Spdr Series Trust (THRK) by 14,118 shares to 18,034 shares, valued at $600,000 in 2017Q4, according to the filing. It also increased its holding in Clearbridge Energy Mlp Fd In (CEM) by 107,469 shares in the quarter, for a total of 1.44 million shares, and has risen its stake in Spdr S&P 500 Etf Tr (SPY).

American Express Company (NYSE:AXP) Institutional Positions Chart

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