As American Express Co. (AXP) Market Valuation Declined, Clifford Swan Investment Counsel Has Cut Its Holding; Lowes Cos (LOW) Holder Peapack Gladstone Financial Cut Stake

January 19, 2018 - By Dolores Ford

Clifford Swan Investment Counsel Llc decreased its stake in American Express Co. (AXP) by 6.32% based on its latest 2017Q3 regulatory filing with the SEC. Clifford Swan Investment Counsel Llc sold 4,685 shares as the company’s stock declined 3.65% while stock markets rallied. The institutional investor held 69,415 shares of the consumer services company at the end of 2017Q3, valued at $6.28M, down from 74,100 at the end of the previous reported quarter. Clifford Swan Investment Counsel Llc who had been investing in American Express Co. for a number of months, seems to be less bullish one the $84.39B market cap company. The stock decreased 2.64% or $2.64 during the last trading session, reaching $97.22. About 6.32M shares traded or 95.76% up from the average. American Express Company (NYSE:AXP) has risen 22.41% since January 19, 2017 and is uptrending. It has outperformed by 5.71% the S&P500.

Peapack Gladstone Financial Corp decreased its stake in Lowes Cos Inc (LOW) by 1.17% based on its latest 2017Q3 regulatory filing with the SEC. Peapack Gladstone Financial Corp sold 1,741 shares as the company’s stock rose 10.23% with the market. The institutional investor held 146,767 shares of the consumer services company at the end of 2017Q3, valued at $11.73 billion, down from 148,508 at the end of the previous reported quarter. Peapack Gladstone Financial Corp who had been investing in Lowes Cos Inc for a number of months, seems to be less bullish one the $86.59 billion market cap company. The stock increased 2.96% or $3 during the last trading session, reaching $104.36. About 4.26 million shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.92% since January 19, 2017 and is uptrending. It has underperformed by 10.78% the S&P500.

Among 36 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 4 Sell and 22 Hold. Therefore 28% are positive. American Express Company had 101 analyst reports since July 23, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, January 10 by Oppenheimer. The firm earned “Hold” rating on Monday, September 18 by Jefferies. Stephens maintained American Express Company (NYSE:AXP) on Tuesday, January 2 with “Hold” rating. Piper Jaffray maintained American Express Company (NYSE:AXP) rating on Friday, October 13. Piper Jaffray has “Hold” rating and $97.0 target. The stock of American Express Company (NYSE:AXP) earned “Underperform” rating by Macquarie Research on Thursday, April 21. As per Thursday, October 19, the company rating was maintained by Morgan Stanley. The firm has “Neutral” rating given on Thursday, April 21 by Goldman Sachs. The stock has “Hold” rating by S&P Research on Thursday, July 23. Keefe Bruyette & Woods maintained the shares of AXP in report on Friday, September 22 with “Buy” rating. Keefe Bruyette & Woods maintained American Express Company (NYSE:AXP) on Friday, July 14 with “Buy” rating.

Since July 31, 2017, it had 0 buys, and 11 selling transactions for $38.86 million activity. The insider O’Neill Michael John sold $4.32M. $5.63 million worth of American Express Company (NYSE:AXP) was sold by Gupta Ashwini. Shares for $1.27 million were sold by Bush James Peter on Tuesday, January 2. 96,440 shares were sold by CHENAULT KENNETH I, worth $9.38 million on Thursday, December 14. 6,000 American Express Company (NYSE:AXP) shares with value of $506,340 were sold by Sobbott Susan. 88,930 shares were sold by Buckminster Douglas E., worth $8.79M.

Investors sentiment increased to 0.83 in Q3 2017. Its up 0.01, from 0.82 in 2017Q2. It is positive, as 47 investors sold AXP shares while 434 reduced holdings. 100 funds opened positions while 297 raised stakes. 709.03 million shares or 0.92% less from 715.61 million shares in 2017Q2 were reported. Rnc Cap Mngmt Ltd Liability invested in 0.47% or 68,537 shares. Findlay Park Prns Llp stated it has 3.94% of its portfolio in American Express Company (NYSE:AXP). Ahl Prtnrs Ltd Liability Partnership has invested 0.14% in American Express Company (NYSE:AXP). Cohen Klingenstein Limited Liability Corporation stated it has 1.41% in American Express Company (NYSE:AXP). Hudock Capital Grp Incorporated Ltd Liability Corporation invested 0.01% of its portfolio in American Express Company (NYSE:AXP). Clarkston Capital Limited Liability Company stated it has 370,009 shares. Loomis Sayles & Company Limited Partnership reported 5.38 million shares stake. Hm Payson & Company owns 125,303 shares. 12,943 are held by Coastline Trust. Moreover, Compton Capital Incorporated Ri has 0.29% invested in American Express Company (NYSE:AXP) for 7,078 shares. Osterweis Mgmt invested in 6,375 shares. 86,446 were reported by Transamerica Fincl. Crawford Investment Counsel Incorporated stated it has 2.06% in American Express Company (NYSE:AXP). Fort Washington Investment Advsr Oh reported 3,200 shares or 0% of all its holdings. Rmb Cap Mngmt Limited Liability has invested 0.03% of its portfolio in American Express Company (NYSE:AXP).

Clifford Swan Investment Counsel Llc, which manages about $2.29 billion and $1.65B US Long portfolio, upped its stake in Costco Wholesale Corp. (NASDAQ:COST) by 2,198 shares to 201,786 shares, valued at $33.15 million in 2017Q3, according to the filing. It also increased its holding in Stericycle Inc. (NASDAQ:SRCL) by 28,508 shares in the quarter, for a total of 179,855 shares, and has risen its stake in Mckesson Corp. (NYSE:MCK).

Since September 19, 2017, it had 0 insider purchases, and 2 sales for $778,532 activity. Hollifield Matthew V also sold $614,857 worth of Lowe's Companies, Inc. (NYSE:LOW) shares.

Investors sentiment increased to 1.04 in 2017 Q3. Its up 0.01, from 1.03 in 2017Q2. It is positive, as 76 investors sold LOW shares while 406 reduced holdings. 115 funds opened positions while 384 raised stakes. 589.78 million shares or 2.68% less from 606.01 million shares in 2017Q2 were reported. Moreover, Peddock Cap Ltd Company has 0.46% invested in Lowe's Companies, Inc. (NYSE:LOW) for 11,344 shares. 17,094 were accumulated by Quantum Capital Mgmt. The Alabama-based Oakworth Cap Inc has invested 0.09% in Lowe's Companies, Inc. (NYSE:LOW). 13,775 are held by Macnealy Hoover Investment Mgmt. 3,997 are owned by Bkd Wealth Advisors Lc. Pennsylvania Tru Company reported 13,469 shares. Klingenstein Fields And Ltd Liability owns 18,770 shares for 0.06% of their portfolio. 285,707 were accumulated by Guyasuta Inv Advsr Inc. The South Carolina-based Verity & Verity Llc has invested 1.37% in Lowe's Companies, Inc. (NYSE:LOW). The Missouri-based Smith Moore & has invested 0.07% in Lowe's Companies, Inc. (NYSE:LOW). Raymond James Fincl Services Advisors stated it has 0.11% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Stock Yards Bancshares Trust reported 10,474 shares stake. Fincl Bank Hapoalim Bm invested 0.05% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Laffer Invests reported 30,895 shares stake. Tiemann Invest Advsr Ltd Liability Company accumulated 10,000 shares or 0.68% of the stock.

Peapack Gladstone Financial Corp, which manages about $1742.91B US Long portfolio, upped its stake in V.F. Corp (NYSE:VFC) by 5,533 shares to 232,979 shares, valued at $14.81B in 2017Q3, according to the filing. It also increased its holding in Corning Inc (NYSE:GLW) by 800 shares in the quarter, for a total of 17,354 shares, and has risen its stake in Philip Morris International (NYSE:PM).

Among 33 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 19 have Buy rating, 1 Sell and 13 Hold. Therefore 58% are positive. Lowe’s Companies Inc. had 77 analyst reports since August 19, 2015 according to SRatingsIntel. Piper Jaffray maintained it with “Hold” rating and $80.0 target in Wednesday, August 23 report. The firm has “Buy” rating given on Thursday, July 20 by Stifel Nicolaus. The firm has “Buy” rating given on Wednesday, August 23 by RBC Capital Markets. The firm has “Hold” rating by Jefferies given on Wednesday, August 23. The stock has “Market Perform” rating by Telsey Advisory Group on Thursday, November 17. The rating was downgraded by Zacks to “Hold” on Thursday, August 20. Morgan Stanley maintained it with “Overweight” rating and $81 target in Thursday, August 24 report. The rating was maintained by Piper Jaffray with “Hold” on Wednesday, November 22. The rating was upgraded by Atlantic Securities on Tuesday, November 24 to “Overweight”. The rating was maintained by Credit Suisse with “Buy” on Tuesday, January 16.

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