As Tech Data (TECD) Valuation Declined, Stifel Financial Has Boosted Its Holding by $378,574; American Express Co (AXP) Stock Declined While Beutel Goodman & Co LTD Trimmed Its Position

April 9, 2018 - By Hazel Jackson

American Express Company (NYSE:AXP) Logo

Beutel Goodman & Co Ltd decreased its stake in American Express Co (AXP) by 33.75% based on its latest 2017Q4 regulatory filing with the SEC. Beutel Goodman & Co Ltd sold 799,556 shares as the company’s stock declined 7.41% with the market. The institutional investor held 1.57M shares of the consumer services company at the end of 2017Q4, valued at $124.49M, down from 2.37 million at the end of the previous reported quarter. Beutel Goodman & Co Ltd who had been investing in American Express Co for a number of months, seems to be less bullish one the $80.61B market cap company. The stock increased 1.97% or $1.81 during the last trading session, reaching $93.72. About 1.53 million shares traded. American Express Company (NYSE:AXP) has risen 17.81% since April 9, 2017 and is uptrending. It has outperformed by 6.26% the S&P500.

Stifel Financial Corp increased its stake in Tech Data Corp (TECD) by 15.61% based on its latest 2017Q4 regulatory filing with the SEC. Stifel Financial Corp bought 3,863 shares as the company’s stock declined 16.37% with the market. The institutional investor held 28,613 shares of the computer software & peripheral equipment company at the end of 2017Q4, valued at $2.81 million, up from 24,750 at the end of the previous reported quarter. Stifel Financial Corp who had been investing in Tech Data Corp for a number of months, seems to be bullish on the $3.03B market cap company. The stock increased 2.41% or $1.87 during the last trading session, reaching $79.45. About 162,621 shares traded. Tech Data Corporation (NASDAQ:TECD) has declined 9.32% since April 9, 2017 and is downtrending. It has underperformed by 20.87% the S&P500.

Among 9 analysts covering Tech Data Corp (NASDAQ:TECD), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Tech Data Corp had 23 analyst reports since August 18, 2015 according to SRatingsIntel. Citigroup maintained it with “Neutral” rating and $95 target in Friday, March 9 report. The rating was maintained by Loop Capital Markets on Friday, September 1 with “Buy”. The firm has “Underperform” rating given on Tuesday, August 18 by Bank of America. The stock of Tech Data Corporation (NASDAQ:TECD) has “Neutral” rating given on Friday, June 2 by Citigroup. On Tuesday, November 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating by Bank of America given on Tuesday, September 20. The company was upgraded on Wednesday, November 25 by Raymond James. The firm has “Underperform” rating given on Monday, October 12 by Raymond James. The rating was maintained by Bank of America with “Buy” on Friday, March 9. Citigroup maintained the stock with “Sell” rating in Friday, May 27 report.

Stifel Financial Corp, which manages about $31.54B US Long portfolio, decreased its stake in Abbott Labs (NYSE:ABT) by 76,033 shares to 1.65M shares, valued at $94.14M in 2017Q4, according to the filing. It also reduced its holding in Tootsie Roll Inds Inc (NYSE:TR) by 69,723 shares in the quarter, leaving it with 297,775 shares, and cut its stake in Triangle Cap Corp (NYSE:TCAP).

Investors sentiment increased to 1.39 in 2017 Q4. Its up 0.22, from 1.17 in 2017Q3. It improved, as 25 investors sold TECD shares while 78 reduced holdings. 45 funds opened positions while 98 raised stakes. 35.11 million shares or 3.31% less from 36.31 million shares in 2017Q3 were reported. Mitsubishi Ufj invested 0% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Caprock Group owns 2,153 shares or 0.04% of their US portfolio. Brown Brothers Harriman stated it has 600 shares or 0% of all its holdings. Delta Asset Mngmt Ltd Liability Tn reported 235 shares or 0% of all its holdings. Amp Invsts stated it has 6,200 shares. Neuberger Berman Group Ltd Limited Liability Company invested in 0% or 8,418 shares. Louisiana State Employees Retirement Systems holds 8,800 shares or 0.04% of its portfolio. Gam Holding Ag reported 18,735 shares stake. Ubs Asset Americas invested in 50,438 shares. The California-based Shelton Capital Mgmt has invested 0.02% in Tech Data Corporation (NASDAQ:TECD). Royal Bank Of Canada has 6,197 shares. State Of Wisconsin Board accumulated 66,000 shares. Sei Invests has 0.02% invested in Tech Data Corporation (NASDAQ:TECD). Moreover, Raymond James Financial Serv Advisors has 0% invested in Tech Data Corporation (NASDAQ:TECD) for 4,996 shares. Moreover, Dupont Cap Mgmt Corporation has 0.03% invested in Tech Data Corporation (NASDAQ:TECD) for 12,602 shares.

Since October 25, 2017, it had 0 buys, and 9 insider sales for $34.22 million activity. 43,741 American Express Company (NYSE:AXP) shares with value of $4.32M were sold by O’Neill Michael John. On Tuesday, December 12 the insider Gupta Ashwini sold $5.63 million. Buckminster Douglas E. sold $8.79M worth of stock or 88,930 shares. 96,440 shares were sold by CHENAULT KENNETH I, worth $9.38M. The insider Zukauckas Linda sold $304,962. 30,761 American Express Company (NYSE:AXP) shares with value of $2.87 million were sold by Williams Anre D.

Investors sentiment increased to 0.89 in 2017 Q4. Its up 0.06, from 0.83 in 2017Q3. It increased, 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. Hancock owns 14,646 shares for 0.06% of their portfolio. Bar Harbor Tru accumulated 86,016 shares or 4.5% of the stock. Stone Ridge Asset Mngmt Lc holds 0.08% or 11,640 shares in its portfolio. Van Den Berg Mgmt I reported 3,715 shares or 0.04% of all its holdings. Baillie Gifford holds 0.1% of its portfolio in American Express Company (NYSE:AXP) for 770,323 shares. Roffman Miller Associates Pa, a Pennsylvania-based fund reported 195,097 shares. 44 are held by Horrell Cap Mngmt. Argent Trust has invested 1.07% in American Express Company (NYSE:AXP). Regent Inv Management Limited Com invested 0.21% of its portfolio in American Express Company (NYSE:AXP). Monetary Mgmt Gru Incorporated invested in 7,100 shares. Guardian Life Insur Of America has 2,376 shares. M&T Natl Bank invested 0.13% in American Express Company (NYSE:AXP). 14,925 are owned by Canandaigua Financial Bank And Tru. Waverton Invest Management holds 22,990 shares or 0.13% of its portfolio. Hexavest Inc has invested 0.99% in American Express Company (NYSE:AXP).

Analysts await American Express Company (NYSE:AXP) to report earnings on April, 18. They expect $1.71 earnings per share, up 27.61% or $0.37 from last year’s $1.34 per share. AXP’s profit will be $1.47B for 13.70 P/E if the $1.71 EPS becomes a reality. After $1.58 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts 8.23% EPS growth.

Beutel Goodman & Co Ltd, which manages about $36.47B and $13.70 billion US Long portfolio, upped its stake in Oracle Corp (NYSE:ORCL) by 143,341 shares to 3.88 million shares, valued at $146.70 million in 2017Q4, according to the filing. It also increased its holding in Lyondellbasell Indus (NYSE:LYB) by 32,449 shares in the quarter, for a total of 1.66M shares, and has risen its stake in Ingersoll (NYSE:IR).

Tech Data Corporation (NASDAQ:TECD) Institutional Positions Chart

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