As American Express Co (AXP) Share Price Rose, Atalanta Sosnoff Capital LLC Trimmed Its Holding by $4.36 Million

American Express Company (NYSE:AXP) LogoInvestors sentiment decreased to 0.85 in 2019 Q2. Its down 0.11, from 0.96 in 2019Q1. It dived, as 49 investors sold AXP shares while 447 reduced holdings. 106 funds opened positions while 314 raised stakes. 679.88 million shares or 0.12% less from 680.70 million shares in 2019Q1 were reported. Stone Ridge Asset Mngmt Limited Liability Corp holds 0.11% or 14,689 shares. Telemus Lc invested in 6,991 shares. The Georgia-based Voya Invest Mgmt Ltd Llc has invested 0.09% in American Express Company (NYSE:AXP). 2,811 were reported by Vident Advisory Ltd. Bennicas & Assocs Inc, a California-based fund reported 17,800 shares. Webster Natl Bank N A stated it has 2,325 shares or 0.04% of all its holdings. Nuwave Investment Mgmt Limited Co accumulated 10,876 shares or 1.41% of the stock. Cacti Asset Management Limited Liability holds 5.52% in American Express Company (NYSE:AXP) or 577,489 shares. Motco has invested 0.03% of its portfolio in American Express Company (NYSE:AXP). Heritage Mngmt Corp accumulated 228,581 shares. Riverpark Management Ltd Liability has invested 1.9% in American Express Company (NYSE:AXP). The Texas-based Barrow Hanley Mewhinney Strauss Limited Com has invested 2.3% in American Express Company (NYSE:AXP). 192,876 were accumulated by Zwj Inv Counsel. 1832 Asset Mngmt Ltd Partnership holds 0.03% or 74,407 shares. Brown Advisory holds 0.11% of its portfolio in American Express Company (NYSE:AXP) for 307,789 shares.

Atalanta Sosnoff Capital Llc decreased its stake in American Express Co (AXP) by 5.64% based on its latest 2019Q2 regulatory filing with the SEC. Atalanta Sosnoff Capital Llc sold 35,468 shares as the company’s stock rose 6.28% . The institutional investor held 593,741 shares of the consumer services company at the end of 2019Q2, valued at $73.29M, down from 629,209 at the end of the previous reported quarter. Atalanta Sosnoff Capital Llc who had been investing in American Express Co for a number of months, seems to be less bullish one the $97.90B market cap company. The stock increased 0.59% or $0.69 during the last trading session, reaching $118. About 3.31 million shares traded. American Express Company (NYSE:AXP) has risen 23.32% since September 12, 2018 and is uptrending. It has outperformed by 23.32% the S&P500.

Atalanta Sosnoff Capital Llc, which manages about $2.46B and $3.18 billion US Long portfolio, upped its stake in Ulta Beauty Inc (NASDAQ:ULTA) by 13,576 shares to 42,748 shares, valued at $14.83M in 2019Q2, according to the filing. It also increased its holding in Royal Caribbean Cruises Ltd (NYSE:RCL) by 126,788 shares in the quarter, for a total of 401,208 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

Analysts await American Express Company (NYSE:AXP) to report earnings on October, 17. They expect $2.08 EPS, up 10.64 % or $0.20 from last year’s $1.88 per share. AXP’s profit will be $1.73 billion for 14.18 P/E if the $2.08 EPS becomes a reality. After $2.07 actual EPS reported by American Express Company for the previous quarter, Wall Street now forecasts 0.48 % EPS growth.

More notable recent American Express Company (NYSE:AXP) news were published by: Finance.Yahoo.com which released: “Warren Buffett’s Top 7 Holdings as of His 89th Birthday – Yahoo Finance” on August 30, 2019, also Finance.Yahoo.com with their article: “Is It Time To Consider Buying American Express Company (NYSE:AXP)? – Yahoo Finance” published on July 09, 2019, Benzinga.com published: “The Best Credit Card Deals For Fall – Benzinga” on September 09, 2019. More interesting news about American Express Company (NYSE:AXP) were released by: Businesswire.com and their article: “AM Best Affirms Credit Ratings of AMEX Assurance Company – Business Wire” published on August 29, 2019 as well as Forbes.com‘s news article titled: “Why Are American Express’ Revenues 4x Discover’s Despite Both Having Similar Loan Balances? – Forbes” with publication date: September 11, 2019.

American Express Company (NYSE:AXP) Ratings Coverage

Among 6 analysts covering American Express (NYSE:AXP), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. American Express has $145 highest and $123 lowest target. $137.33’s average target is 16.38% above currents $118 stock price. American Express had 15 analyst reports since March 14, 2019 according to SRatingsIntel. The rating was maintained by Wells Fargo on Wednesday, July 10 with “Outperform”. The stock has “Overweight” rating by Morgan Stanley on Friday, May 3. The firm has “Buy” rating given on Wednesday, June 19 by Bank of America. The stock of American Express Company (NYSE:AXP) earned “Buy” rating by Deutsche Bank on Monday, July 8. The stock has “Neutral” rating by JP Morgan on Monday, July 22. As per Monday, April 22, the company rating was maintained by Morgan Stanley. The stock of American Express Company (NYSE:AXP) has “Sector Perform” rating given on Monday, July 22 by RBC Capital Markets.

American Express Company (NYSE:AXP) Institutional Positions Chart

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