Cibc Asset Management Has Cut By $858,780 Its American Express Co (AXP) Stake; Fiserv Has 0.81 Sentiment

March 14, 2018 - By Louis Casey

Cibc Asset Management Inc decreased American Express Co (AXP) stake by 9.09% reported in 2017Q3 SEC filing. Cibc Asset Management Inc sold 9,542 shares as American Express Co (AXP)’s stock declined 3.65%. The Cibc Asset Management Inc holds 95,427 shares with $8.63 million value, down from 104,969 last quarter. American Express Co now has $81.49B valuation. The stock decreased 0.68% or $0.65 during the last trading session, reaching $94.72. About 895,158 shares traded. American Express Company (NYSE:AXP) has risen 22.41% since March 14, 2017 and is uptrending. It has outperformed by 5.71% the S&P500.

Fiserv, Inc., together with its subsidiaries, provides financial services technology worldwide. The company has market cap of $30.46 billion. The companyÂ’s Payments and Industry Products segment provides debit and credit card processing and services; electronic bill payment and presentment services; Internet and mobile banking software and services; person-to-person payment services; and other electronic payments software and services. It has a 25.53 P/E ratio. This segment also offers card and print personalization services; investment account processing services for separately managed accounts; and fraud and risk management services and products.

Analysts await Fiserv, Inc. (NASDAQ:FISV) to report earnings on April, 25. They expect $1.47 EPS, up 17.60% or $0.22 from last year’s $1.25 per share. FISV’s profit will be $303.71 million for 25.07 P/E if the $1.47 EPS becomes a reality. After $1.41 actual EPS reported by Fiserv, Inc. for the previous quarter, Wall Street now forecasts 4.26% EPS growth.

Ratings analysis reveals 67% of Fiserv’s analysts are positive. Out of 3 Wall Street analysts rating Fiserv, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $99.75 while the high is $115.0. The stock’s average target of $108.92 is -26.12% below today’s ($147.42) share price. FISV was included in 4 notes of analysts from September 9, 2016. The stock has “Outperform” rating by Wedbush on Friday, September 9. Robert W. Baird upgraded the stock to “Outperform” rating in Friday, October 28 report. The stock has “Sector Weight” rating by Pacific Crest on Friday, November 18.

Since January 1, 0001, it had 1 buying transaction, and 7 sales for $10.86 million activity.

Pittenger & Anderson Inc holds 26.28% of its portfolio in Fiserv, Inc. for 2.25 million shares. Dudley & Shanley Llc owns 181,780 shares or 5.17% of their US portfolio. Moreover, Smith & Howard Wealth Management Llc has 4.97% invested in the company for 81,216 shares. The Idaho-based Mountain Pacific Investment Advisers Inc Id has invested 4.89% in the stock. Marshall & Sullivan Inc Wa, a Washington-based fund reported 38,257 shares.

The stock decreased 0.05% or $0.08 during the last trading session, reaching $147.42. About 823,094 shares traded. Fiserv, Inc. (FISV) has risen 18.57% since March 14, 2017 and is uptrending. It has outperformed by 1.87% the S&P500.

Cibc Asset Management Inc increased Alibaba Group Hldg Ltd (NYSE:BABA) stake by 8,340 shares to 62,104 valued at $10.73 million in 2017Q3. It also upped Pretium Res Inc (NYSE:PVG) stake by 49,794 shares and now owns 108,454 shares. Spdr Gold Trust (GLD) was raised too.

Since October 2, 2017, it had 0 buys, and 10 sales for $35.14 million activity. The insider Zukauckas Linda sold $304,962. 96,440 shares valued at $9.38 million were sold by CHENAULT KENNETH I on Thursday, December 14. 10,230 shares were sold by Bush James Peter, worth $926,361. On Wednesday, October 25 the insider Williams Anre D sold $2.87M. Buckminster Douglas E. also sold $8.79M worth of American Express Company (NYSE:AXP) on Monday, December 11. 56,680 shares valued at $5.63 million were sold by Gupta Ashwini on Tuesday, December 12. On Monday, December 11 the insider O’Neill Michael John sold $4.32M.

Investors sentiment increased to 0.89 in Q3 2017. Its up 0.06, from 0.83 in 2017Q2. It improved, 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. Longview Prtn (Guernsey) Ltd holds 0.5% or 1.03 million shares in its portfolio. 353,193 were reported by Klingenstein Fields Limited Liability Co. Camarda Fincl Advsrs Llc reported 0.03% stake. Doheny Asset Ca, a California-based fund reported 3,904 shares. Ameritas Investment Partners holds 0.07% or 17,315 shares in its portfolio. 11,370 were accumulated by Fairfield Bush Com. Natl Registered Investment Advisor Incorporated invested in 10,683 shares. Jacobs & Ca owns 46,085 shares. Reilly Fin Advsr Limited Co owns 693 shares. Holowesko Ptnrs Ltd has 956,000 shares for 6.89% of their portfolio. Livforsakringsbolaget Skandia Omsesidigt invested in 14,840 shares. Texas-based Automobile Association has invested 0.38% in American Express Company (NYSE:AXP). Spirit Of America Management Corporation stated it has 0.1% of its portfolio in American Express Company (NYSE:AXP). Mercer Advisers accumulated 33,109 shares. Finance Ltd Liability Com owns 7,753 shares.

Among 36 analysts covering American Express Company (NYSE:AXP), 11 have Buy rating, 4 Sell and 21 Hold. Therefore 31% are positive. American Express Company had 109 analyst reports since July 23, 2015 according to SRatingsIntel. On Thursday, April 21 the stock rating was maintained by Macquarie Research with “Underperform”. The stock of American Express Company (NYSE:AXP) earned “Underperform” rating by Credit Suisse on Tuesday, January 19. The firm has “” rating given on Wednesday, April 26 by Guggenheim. Jefferies maintained the shares of AXP in report on Monday, September 18 with “Hold” rating. Atlantic Securities initiated the stock with “Hold” rating in Tuesday, October 24 report. Wells Fargo maintained it with “Buy” rating and $115.0 target in Tuesday, January 9 report. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, January 25. Oppenheimer maintained American Express Company (NYSE:AXP) on Thursday, July 20 with “Buy” rating. Janney Capital maintained American Express Company (NYSE:AXP) on Thursday, September 17 with “Buy” rating. Keefe Bruyette & Woods maintained it with “Buy” rating and $9100 target in Friday, July 14 report.

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