Gm Advisory Group Has Decreased Stake in American Express Co (AXP) by $1.26 Million; Lockheed Martin (LMT) Stock Value Rose While Greystone Managed Investments Has Decreased Its Stake

April 23, 2018 - By Marie Mckinney

Lockheed Martin Corporation (NYSE:LMT) Logo

Gm Advisory Group Inc decreased its stake in American Express Co (AXP) by 16.03% based on its latest 2017Q4 regulatory filing with the SEC. Gm Advisory Group Inc sold 12,702 shares as the company’s stock declined 7.41% with the market. The hedge fund held 66,527 shares of the consumer services company at the end of 2017Q4, valued at $6.61M, down from 79,229 at the end of the previous reported quarter. Gm Advisory Group Inc who had been investing in American Express Co for a number of months, seems to be less bullish one the $86.69 billion market cap company. The stock decreased 1.54% or $1.58 during the last trading session, reaching $100.79. About 5.61M shares traded or 35.79% up from the average. American Express Company (NYSE:AXP) has risen 17.81% since April 23, 2017 and is uptrending. It has outperformed by 6.26% the S&P500.

Greystone Managed Investments Inc decreased its stake in Lockheed Martin Corp (LMT) by 9.53% based on its latest 2017Q4 regulatory filing with the SEC. Greystone Managed Investments Inc sold 3,986 shares as the company’s stock rose 6.55% while stock markets declined. The institutional investor held 37,860 shares of the military and government and technical company at the end of 2017Q4, valued at $12.16 million, down from 41,846 at the end of the previous reported quarter. Greystone Managed Investments Inc who had been investing in Lockheed Martin Corp for a number of months, seems to be less bullish one the $100.61 billion market cap company. The stock decreased 0.39% or $1.39 during the last trading session, reaching $351.99. About 1.19 million shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 26.83% since April 23, 2017 and is uptrending. It has outperformed by 15.28% the S&P500.

Gm Advisory Group Inc, which manages about $547.47M and $367.53M US Long portfolio, upped its stake in Jpmorgan Chase & Co (NYSE:JPM) by 5,051 shares to 14,962 shares, valued at $1.60 million in 2017Q4, according to the filing. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 17,450 shares in the quarter, for a total of 46,814 shares, and has risen its stake in Wisdomtree Tr (HEDJ).

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.06, from 0.83 in 2017Q3. It is positive, 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. Tompkins Finance owns 3,802 shares. Roosevelt Investment Gru Incorporated has invested 0.17% of its portfolio in American Express Company (NYSE:AXP). Carret Asset Mgmt Llc accumulated 1.04% or 67,338 shares. Pioneer Trust Bancshares N A Or holds 3,270 shares or 0.16% of its portfolio. 11,640 were reported by Stone Ridge Asset Ltd Liability Corp. Marshwinds Advisory owns 15,170 shares. Windsor Capital Mngmt Limited invested in 8,184 shares or 0.38% of the stock. Canandaigua Bank Trust owns 14,925 shares or 0.27% of their US portfolio. Systematic Finance Mngmt Lp reported 27,790 shares. Smithfield Trust owns 18,248 shares for 0.22% of their portfolio. Schwerin Boyle Capital Management holds 5.09% or 469,660 shares in its portfolio. Pennsylvania Trust holds 0.4% in American Express Company (NYSE:AXP) or 90,450 shares. Mitsubishi Ufj Trust Banking Corporation reported 1.90 million shares. Cacti Asset Mngmt Lc, Georgia-based fund reported 571,742 shares. Moreover, Essex Investment Mngmt Com Limited Liability Company has 0.08% invested in American Express Company (NYSE:AXP) for 5,848 shares.

Since October 25, 2017, it had 0 insider buys, and 8 insider sales for $31.35 million activity. The insider Gupta Ashwini sold $5.63 million. Buckminster Douglas E. sold 88,930 shares worth $8.79 million. Zukauckas Linda sold $304,962 worth of American Express Company (NYSE:AXP) on Friday, October 27. On Thursday, December 14 the insider CHENAULT KENNETH I sold $9.38M. Another trade for 12,789 shares valued at $1.27 million was made by Bush James Peter on Tuesday, January 2. O’Neill Michael John sold 43,741 shares worth $4.32 million.

Among 38 analysts covering American Express Company (NYSE:AXP), 13 have Buy rating, 3 Sell and 22 Hold. Therefore 34% are positive. American Express Company had 123 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of American Express Company (NYSE:AXP) earned “Equal-Weight” rating by Morgan Stanley on Monday, January 25. The stock has “Buy” rating by Janney Capital on Thursday, September 17. The firm earned “Outperform” rating on Monday, January 30 by Keefe Bruyette & Woods. UBS initiated American Express Company (NYSE:AXP) on Tuesday, March 27 with “Buy” rating. As per Monday, November 9, the company rating was initiated by Topeka Capital Markets. On Thursday, October 19 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was maintained by Credit Suisse on Tuesday, January 19 with “Underperform”. The firm has “Buy” rating given on Friday, April 15 by Compass Point. Credit Suisse maintained the stock with “Underperform” rating in Thursday, October 22 report. The firm earned “Hold” rating on Thursday, April 19 by Guggenheim.

Among 23 analysts covering Lockheed Martin Corporation (NYSE:LMT), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Lockheed Martin Corporation had 85 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Hold” rating given on Friday, August 25 by RBC Capital Markets. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Hold” rating given on Wednesday, July 19 by Jefferies. As per Thursday, May 19, the company rating was downgraded by RBC Capital Markets. The stock of Lockheed Martin Corporation (NYSE:LMT) earned “Hold” rating by Wells Fargo on Tuesday, January 30. Berenberg downgraded Lockheed Martin Corporation (NYSE:LMT) on Tuesday, May 31 to “Hold” rating. The firm has “Hold” rating by Credit Suisse given on Wednesday, July 19. Drexel maintained it with “Buy” rating and $229 target in Wednesday, October 21 report. RBC Capital Markets maintained the stock with “Hold” rating in Friday, April 6 report. RBC Capital Markets maintained Lockheed Martin Corporation (NYSE:LMT) rating on Monday, January 29. RBC Capital Markets has “Hold” rating and $386.0 target. Credit Suisse reinitiated the shares of LMT in report on Wednesday, November 18 with “Neutral” rating.

Since January 29, 2018, it had 0 buys, and 2 insider sales for $9.28 million activity. Another trade for 7,517 shares valued at $2.69 million was made by Ambrose Richard F on Thursday, February 1.

Greystone Managed Investments Inc, which manages about $2.41B US Long portfolio, upped its stake in Enbridge Inc (NYSE:ENB) by 297,617 shares to 2.77M shares, valued at $108.58M in 2017Q4, according to the filing. It also increased its holding in Bank Montreal Que (NYSE:BMO) by 178,848 shares in the quarter, for a total of 800,159 shares, and has risen its stake in Mastec Inc (NYSE:MTZ).

American Express Company (NYSE:AXP) Institutional Positions Chart

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