American Express Co (Put) (AXP) Share Value Declined While Mendon Capital Advisors Has Decreased Its Stake by $7.30 Million; Blue Bell Private Wealth Management Increases Holding in General American Investors (GAM)

June 17, 2018 - By Hazel Jackson

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Blue Bell Private Wealth Management Llc increased its stake in General American Investors (GAM) by 6.63% based on its latest 2018Q1 regulatory filing with the SEC. Blue Bell Private Wealth Management Llc bought 43,090 shares as the company’s stock declined 0.89% with the market. The institutional investor held 692,681 shares of the company at the end of 2018Q1, valued at $23.18M, up from 649,591 at the end of the previous reported quarter. Blue Bell Private Wealth Management Llc who had been investing in General American Investors for a number of months, seems to be bullish on the $915.03 million market cap company. The stock decreased 0.51% or $0.18 during the last trading session, reaching $35.07. About 13,971 shares traded. General American Investors Company, Inc. (NYSE:GAM) has risen 10.57% since June 17, 2017 and is uptrending. It has underperformed by 2.00% the S&P500.

Anton Schutz decreased its stake in American Express Co (Put) (AXP) by 64.34% based on its latest 2018Q1 regulatory filing with the SEC. Mendon Capital Advisors Corp sold 78,500 shares as the company’s stock declined 0.53% with the market. The hedge fund run by Anton Schutz held 43,500 shares of the consumer services company at the end of 2018Q1, valued at $4.06 million, down from 122,000 at the end of the previous reported quarter. Mendon Capital Advisors Corp who had been investing in American Express Co (Put) for a number of months, seems to be less bullish one the $84.76 billion market cap company. The stock decreased 1.24% or $1.24 during the last trading session, reaching $98.52. About 6.74 million shares traded or 96.72% up from the average. American Express Company (NYSE:AXP) has risen 30.55% since June 17, 2017 and is uptrending. It has outperformed by 17.98% the S&P500. Some Historical AXP News: 18/04/2018 – American Express 1Q Book Value Per Common Share $20.96; 08/05/2018 – American Express Reports Annual Meeting Results; 26/03/2018 – Fitch Affirms American Express Credit Account Master Trust; 18/04/2018 – American Express Loan Portfolio Rose 16 %; 18/04/2018 – AMEX CFO JEFF CAMPBELL COMMENTS ON QUARTERLY CONFERENCE CALL; 19/04/2018 – AMERICAN EXPRESS CO AXP.N : RBC RAISES TARGET PRICE TO $86 FROM $81; 09/03/2018 – Leveraging FinTech Innovation Proving to be Critically Valuable for Growing Number of Industries; 21/05/2018 – Fitch Rates American Express Credit Account Master Trust, Series 2018-4 & 2018-5; 15/05/2018 – AMERICAN EXPRESS – USCS CARD MEMBER LOANS NET WRITE-OFF RATE-PRINCIPAL ONLY 2.3 PCT AT APRIL END VS 2.2 PCT AT MARCH END; 15/05/2018 – American Express USCS Card Member Average Loans for April Were $52.9 Billion

Since January 25, 2018, it had 5 buys, and 9 insider sales for $218,564 activity. Shares for $132,620 were bought by Priest Jeffrey W on Thursday, February 8. 4,100 shares valued at $140,435 were sold by DAVIDSON SPENCER on Wednesday, April 18. TRUST F B O ALTSCHUL EMILY H U A D 1 9 67 sold $33,586 worth of stock or 989 shares. 394 shares valued at $13,380 were sold by TRUST FBO ALTSCHUL EMILY H UW ALTSCHUL F on Monday, April 23. BERENS RODNEY B sold $144,716 worth of stock or 4,000 shares. 2,066 shares were sold by TRUST FBO ALTSCHUL STEPHEN F UW ALTSCHUL HG, worth $70,765 on Wednesday, April 18.

Investors sentiment decreased to 0.85 in Q1 2018. Its down 1.20, from 2.05 in 2017Q4. It worsened, as 8 investors sold GAM shares while 19 reduced holdings. 4 funds opened positions while 19 raised stakes. 6.56 million shares or 1.12% more from 6.48 million shares in 2017Q4 were reported. Illinois-based Zuckerman Invest Gru Limited Liability Corporation has invested 0.24% in General American Investors Company, Inc. (NYSE:GAM). Citigroup invested 0% of its portfolio in General American Investors Company, Inc. (NYSE:GAM). Kistler has 4,280 shares for 0.06% of their portfolio. Millennium Management Limited Liability Company owns 6,741 shares for 0% of their portfolio. Illinois-based Rivernorth Cap Mgmt Lc has invested 0.27% in General American Investors Company, Inc. (NYSE:GAM). Tci Wealth Advisors Incorporated holds 0.03% or 2,000 shares. Mraz Amerine And Associates Incorporated holds 116,248 shares. M&R Capital Management owns 329 shares. Stratos Wealth Ptnrs Limited holds 0.02% of its portfolio in General American Investors Company, Inc. (NYSE:GAM) for 13,015 shares. Us Financial Bank De stated it has 105 shares. Baker Ellis Asset Mgmt Limited Liability reported 6,036 shares stake. Massachusetts-based Geode Capital Mngmt has invested 0% in General American Investors Company, Inc. (NYSE:GAM). Fifth Third National Bank has invested 0% in General American Investors Company, Inc. (NYSE:GAM). Monetary Mgmt Grp Inc Inc invested 0.05% in General American Investors Company, Inc. (NYSE:GAM). Pnc Finance Service holds 0% or 2,158 shares.

Mendon Capital Advisors Corp, which manages about $171.54 million and $1.10 billion US Long portfolio, upped its stake in Independent Bk Group Inc (NASDAQ:IBTX) by 386,657 shares to 538,083 shares, valued at $38.04M in 2018Q1, according to the filing. It also increased its holding in Mastercard Incorporated (Put) (NYSE:MA) by 13,000 shares in the quarter, for a total of 43,500 shares, and has risen its stake in Midsouth Bancorp Inc (NYSE:MSL).

Since January 2, 2018, it had 0 insider buys, and 8 selling transactions for $12.05 million activity. On Friday, June 1 CAMPBELL JEFFREY C sold $889,103 worth of American Express Company (NYSE:AXP) or 9,000 shares. 3,804 shares were sold by Buckminster Douglas E., worth $376,710. Petrino Richard also sold $1.02 million worth of American Express Company (NYSE:AXP) on Tuesday, May 22. 12,500 shares were sold by Squeri Stephen J, worth $1.23 million. $5.07 million worth of stock was sold by Cox L Kevin on Thursday, April 19.

Analysts await American Express Company (NYSE:AXP) to report earnings on July, 18. They expect $1.81 earnings per share, up 23.13% or $0.34 from last year’s $1.47 per share. AXP’s profit will be $1.56 billion for 13.61 P/E if the $1.81 EPS becomes a reality. After $1.86 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts -2.69% negative EPS growth.

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 rating was maintained by Wells Fargo on Tuesday, January 9 with “Buy”. The rating was upgraded by Nomura to “Neutral” on Friday, April 28. Morgan Stanley maintained American Express Company (NYSE:AXP) rating on Thursday, April 21. Morgan Stanley has “Equal-Weight” rating and $68 target. The firm has “Underperform” rating by Oppenheimer given on Friday, January 22. The rating was maintained by Credit Suisse with “Sell” on Wednesday, January 17. On Tuesday, January 2 the stock rating was maintained by Stephens with “Hold”. J.P. Morgan downgraded American Express Company (NYSE:AXP) on Friday, January 12 to “Hold” rating. The firm has “Reduce” rating given on Thursday, October 6 by Nomura. On Wednesday, April 18 the stock rating was maintained by Piper Jaffray with “Hold”. As per Thursday, July 20, the company rating was maintained by Oppenheimer.

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.08, from 0.89 in 2017Q4. It worsened, as 52 investors sold AXP shares while 462 reduced holdings. 99 funds opened positions while 318 raised stakes. 695.82 million shares or 0.87% less from 701.90 million shares in 2017Q4 were reported. Tarbox Family Office owns 550 shares. Hugh Johnson Advsr Limited Liability Com invested in 0.13% or 4,750 shares. 16,342 were accumulated by Beacon Fin. Boys Arnold & holds 44,452 shares or 0.65% of its portfolio. Mufg Americas Holdings has invested 0.53% of its portfolio in American Express Company (NYSE:AXP). The Massachusetts-based Winslow Evans & Crocker Inc has invested 0% in American Express Company (NYSE:AXP). Lmr Llp holds 0.2% of its portfolio in American Express Company (NYSE:AXP) for 19,301 shares. Bennicas Assoc stated it has 1.56% of its portfolio in American Express Company (NYSE:AXP). Amp Capital Investors stated it has 0.24% of its portfolio in American Express Company (NYSE:AXP). Andra Ap holds 72,800 shares. Sei Investments reported 28,258 shares. Wealthtrust Axiom Ltd Liability Co has invested 0.23% of its portfolio in American Express Company (NYSE:AXP). Guardian Cap LP reported 23,655 shares. Bingham Osborn And Scarborough Limited Liability Corp reported 2,411 shares stake. Legacy Private has invested 0.03% of its portfolio in American Express Company (NYSE:AXP).

More notable recent American Express Company (NYSE:AXP) news were published by: Seekingalpha.com which released: “China’s Huge Online Retail Market Opens Up To American Express” on May 31, 2018, also Fool.com with their article: “Better Buy: Berkshire Hathaway vs. American Express” published on June 13, 2018, 247Wallst.com published: “American Express Busts Out New Cash Back Card” on June 14, 2018. More interesting news about American Express Company (NYSE:AXP) were released by: Globenewswire.com and their article: “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …” published on June 12, 2018 as well as Benzinga.com‘s news article titled: “Similar To Uber, eBay Network Effects Offer Big Upside” with publication date: June 08, 2018.

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