Clark Capital Management Group Decreased American Express Co (AXP) Holding; First Interstate Bank Has Lifted Jp Morgan Chase (JPM) Holding By $1.02 Million

January 19, 2018 - By Migdalia James

Clark Capital Management Group Inc decreased American Express Co (AXP) stake by 19.4% reported in 2017Q3 SEC filing. Clark Capital Management Group Inc sold 53,736 shares as American Express Co (AXP)’s stock declined 3.65%. The Clark Capital Management Group Inc holds 223,272 shares with $20.20M value, down from 277,008 last quarter. American Express Co now has $85.09 billion valuation. The stock decreased 1.83% or $1.8271 during the last trading session, reaching $98.0329. About 10.86 million shares traded or 235.99% 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.

First Interstate Bank increased Jp Morgan Chase (JPM) stake by 7.04% reported in 2017Q3 SEC filing. First Interstate Bank acquired 10,764 shares as Jp Morgan Chase (JPM)’s stock declined 6.04%. The First Interstate Bank holds 163,635 shares with $15.63M value, up from 152,871 last quarter. Jp Morgan Chase now has $391.95 billion valuation. The stock decreased 0.25% or $0.28 during the last trading session, reaching $112.98. About 12.88 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since January 19, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.28, from 1.19 in 2017Q2. It dropped, as 65 investors sold JPM shares while 767 reduced holdings. 125 funds opened positions while 635 raised stakes. 2.50 billion shares or 7.05% less from 2.69 billion shares in 2017Q2 were reported. Livingston Grp Asset Company (Operating As Southport Capital Management) holds 0.6% or 14,795 shares. Towercrest Capital Management accumulated 3,447 shares or 0.25% of the stock. Royal Bancorporation Of Scotland Grp Public Limited Liability Corporation owns 401,436 shares. Credit Suisse Ag holds 0.65% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 6.96M shares. Lynch Assocs In holds 21,047 shares or 0.8% of its portfolio. Foundry Prtn Ltd owns 374,075 shares. Willingdon Wealth Management invested in 0.79% or 22,685 shares. Origin Asset Mgmt Ltd Liability Partnership, a United Kingdom-based fund reported 504,040 shares. Loomis Sayles & Com LP reported 1.36M shares. Putnam Fl Investment Management has invested 0.77% in JPMorgan Chase & Co. (NYSE:JPM). Connecticut-based Conning Inc has invested 0.35% in JPMorgan Chase & Co. (NYSE:JPM). Tru Communication Of Toledo Na Oh stated it has 63,062 shares or 1.53% of all its holdings. South Street Advsrs Ltd Company holds 2,462 shares or 0.05% of its portfolio. Taurus Asset Management Limited Liability Company holds 3.09% or 208,330 shares. Strategy Asset Managers Ltd Liability Company reported 2.35% stake.

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 16 have Buy rating, 2 Sell and 15 Hold. Therefore 48% are positive. JPMorgan Chase & Co had 107 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Overweight” rating and $105 target in Friday, October 13 report. RBC Capital Markets maintained it with “Buy” rating and $9500 target in Thursday, June 15 report. The firm earned “Hold” rating on Wednesday, November 15 by Robert W. Baird. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, October 13. Citigroup maintained it with “Neutral” rating and $96 target in Friday, October 6 report. The rating was maintained by Barclays Capital on Tuesday, January 2 with “Buy”. KBW upgraded JPMorgan Chase & Co. (NYSE:JPM) rating on Monday, August 17. KBW has “Outperform” rating and $77 target. The firm has “Buy” rating by Jefferies given on Friday, September 15. The firm earned “Hold” rating on Tuesday, January 16 by Sandler O’Neill. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by UBS on Friday, February 5.

First Interstate Bank decreased Vanguard Etf/Usa (VWO) stake by 24,710 shares to 25,707 valued at $1.12 million in 2017Q3. It also reduced Ishares (IVV) stake by 10,475 shares and now owns 6,960 shares. Ishares (LQD) was reduced too.

Since August 21, 2017, it had 0 buys, and 9 insider sales for $21.06 million activity. On Saturday, January 13 Scher Peter sold $1.91M worth of JPMorgan Chase & Co. (NYSE:JPM) or 17,057 shares. Another trade for 3,783 shares valued at $425,399 was sold by Giles Nicole. 65,101 shares were sold by Erdoes Mary E., worth $7.31M. The insider Petno Douglas B sold 48,344 shares worth $5.43 million. Shares for $1.84M were sold by BACON ASHLEY on Saturday, January 13. $902,608 worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Friedman Stacey on Monday, August 21. Lake Marianne had sold 9,194 shares worth $1.03M.

Clark Capital Management Group Inc increased Pnc Finl Svcs Group Inc (NYSE:PNC) stake by 19,793 shares to 300,358 valued at $40.48 million in 2017Q3. It also upped Texas Instrs Inc (NASDAQ:TXN) stake by 31,842 shares and now owns 460,527 shares. Comcast Corp New (NASDAQ:CMCSA) was raised too.

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 stock of American Express Company (NYSE:AXP) earned “Sell” rating by Credit Suisse on Wednesday, January 17. As per Thursday, April 27, the company rating was upgraded by Instinet. The stock has “Hold” rating by Jefferies on Tuesday, May 30. The firm has “Hold” rating given on Wednesday, August 23 by KeyBanc Capital Markets. Argus Research downgraded American Express Company (NYSE:AXP) on Monday, January 25 to “Hold” rating. The stock has “Hold” rating by Jefferies on Monday, May 1. Piper Jaffray reinitiated the stock with “Neutral” rating in Wednesday, November 25 report. The rating was downgraded by Morgan Stanley on Monday, January 25 to “Equal-Weight”. On Tuesday, January 19 the stock rating was maintained by Credit Suisse with “Underperform”. The rating was maintained by Bank of America with “Neutral” on Thursday, July 20.

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