American Express Co (AXP) Holding Has Lifted by Parthenon Llc; As Bb&T (BBT) Share Price Declined, Shelter Mutual Insurance Co Has Boosted Position

December 15, 2017 - By Henry Gaston

Parthenon Llc increased its stake in American Express Co (AXP) by 10.37% based on its latest 2017Q2 regulatory filing with the SEC. Parthenon Llc bought 4,670 shares as the company’s stock declined 3.65% while stock markets rallied. The hedge fund held 49,705 shares of the consumer services company at the end of 2017Q2, valued at $4.19 million, up from 45,035 at the end of the previous reported quarter. Parthenon Llc who had been investing in American Express Co for a number of months, seems to be bullish on the $84.33B market cap company. The stock decreased 0.64% or $0.63 during the last trading session, reaching $97.15. About 3.46M shares traded or 4.78% up from the average. American Express Company (NYSE:AXP) has risen 22.41% since December 15, 2016 and is uptrending. It has outperformed by 5.71% the S&P500.

Shelter Mutual Insurance Co increased its stake in Bb&T Corp (BBT) by 145.48% based on its latest 2017Q2 regulatory filing with the SEC. Shelter Mutual Insurance Co bought 49,900 shares as the company’s stock declined 11.91% while stock markets rallied. The institutional investor held 84,200 shares of the major banks company at the end of 2017Q2, valued at $3.82M, up from 34,300 at the end of the previous reported quarter. Shelter Mutual Insurance Co who had been investing in Bb&T Corp for a number of months, seems to be bullish on the $38.63B market cap company. The stock decreased 0.91% or $0.45 during the last trading session, reaching $48.97. About 3.43M shares traded. BB&T Corporation (NYSE:BBT) has risen 20.68% since December 15, 2016 and is uptrending. It has outperformed by 3.98% the S&P500.

Since August 16, 2017, it had 0 insider purchases, and 7 insider sales for $7.30 million activity. KING KELLY S also sold $3.15 million worth of BB&T Corporation (NYSE:BBT) on Friday, October 20. The insider Johnson Robert Jerome JR sold 12,357 shares worth $589,373. The insider Weaver David Hudson sold $410,539. BANNER JENNIFER S also sold $559,259 worth of BB&T Corporation (NYSE:BBT) on Thursday, October 26. 42,233 shares were sold by Henson Christopher L, worth $2.01 million. Another trade for 4,250 shares valued at $201,929 was sold by Wilson Donta L.

Investors sentiment increased to 1.16 in Q2 2017. Its up 0.05, from 1.11 in 2017Q1. It improved, as 62 investors sold BBT shares while 256 reduced holdings. 73 funds opened positions while 295 raised stakes. 511.81 million shares or 0.29% less from 513.31 million shares in 2017Q1 were reported. Hsbc Holdg Pcl holds 0.08% or 957,613 shares in its portfolio. The Michigan-based World Asset Management Inc has invested 0.11% in BB&T Corporation (NYSE:BBT). Toronto Dominion Bankshares holds 279,575 shares or 0.04% of its portfolio. Cantab Prtnrs Llp invested in 0% or 1,074 shares. Security Natl Company reported 25,764 shares. Moreover, Central Fincl Bank And Tru Com has 0.14% invested in BB&T Corporation (NYSE:BBT). Waratah Cap Advisors holds 85,361 shares or 0.54% of its portfolio. Penobscot Investment Management has 70,914 shares for 1.04% of their portfolio. Caisse De Depot Et Placement Du Quebec reported 0.02% in BB&T Corporation (NYSE:BBT). Gamble Jones Invest Counsel holds 0.05% or 10,872 shares. Shelton Cap Mgmt, a California-based fund reported 6,347 shares. Pathstone Family Office Ltd Limited Liability Company reported 0.04% in BB&T Corporation (NYSE:BBT). Wellington Shields Capital Mngmt Ltd Company invested 0.05% in BB&T Corporation (NYSE:BBT). Farmers Merchants stated it has 6,729 shares. Hudock Group Ltd Liability Corporation owns 541 shares.

Among 29 analysts covering BB&T Corp (NYSE:BBT), 9 have Buy rating, 1 Sell and 19 Hold. Therefore 31% are positive. BB&T Corp had 77 analyst reports since July 17, 2015 according to SRatingsIntel. The stock has “Buy” rating by Argus Research on Thursday, January 21. The company was maintained on Thursday, August 10 by Wells Fargo. The stock of BB&T Corporation (NYSE:BBT) earned “Buy” rating by RBC Capital Markets on Thursday, October 19. The firm has “Hold” rating by Robert W. Baird given on Tuesday, October 31. The firm has “Hold” rating by Oppenheimer given on Thursday, July 20. Piper Jaffray downgraded the shares of BBT in report on Monday, March 28 to “Underweight” rating. The firm earned “Hold” rating on Thursday, July 20 by BMO Capital Markets. The firm has “Hold” rating given on Sunday, October 15 by Piper Jaffray. BMO Capital Markets maintained BB&T Corporation (NYSE:BBT) rating on Wednesday, June 28. BMO Capital Markets has “Hold” rating and $4800 target. The firm earned “Neutral” rating on Thursday, August 27 by SunTrust.

Investors sentiment increased to 0.82 in 2017 Q2. Its up 0.04, from 0.78 in 2017Q1. It increased, as 55 investors sold AXP shares while 443 reduced holdings. 104 funds opened positions while 306 raised stakes. 715.61 million shares or 0.88% less from 722.00 million shares in 2017Q1 were reported. Winslow Asset Mngmt reported 1% in American Express Company (NYSE:AXP). Windsor Mngmt Limited Liability has 7,828 shares for 0.33% of their portfolio. Bradley Foster & Sargent Inc Ct holds 0.64% of its portfolio in American Express Company (NYSE:AXP) for 188,796 shares. Jarislowsky Fraser Limited reported 0% of its portfolio in American Express Company (NYSE:AXP). Moneta Group Advsr Limited Liability Company invested 0.08% in American Express Company (NYSE:AXP). Williams Jones And Ltd Liability Corp owns 135,598 shares or 0.29% of their US portfolio. Amica Pension Fund Board Of Trustees accumulated 85,329 shares. Levin Cap Strategies LP owns 760,961 shares or 1.12% of their US portfolio. Excalibur Corp reported 0.58% of its portfolio in American Express Company (NYSE:AXP). Eads And Heald Inv Counsel reported 21,587 shares. 3,560 are held by Security Tru Co. State Street holds 0.29% or 39.57M shares. Blue Fincl Cap Inc stated it has 7,194 shares or 0.39% of all its holdings. Johnson Fin Group holds 921 shares. Moreover, Sheets Smith Wealth Mngmt has 0.14% invested in American Express Company (NYSE:AXP).

Among 34 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 4 Sell and 20 Hold. Therefore 29% are positive. American Express Company had 86 analyst reports since July 23, 2015 according to SRatingsIntel. As per Thursday, October 19, the company rating was maintained by Barclays Capital. Morgan Stanley maintained American Express Company (NYSE:AXP) rating on Friday, September 8. Morgan Stanley has “Equal-Weight” rating and $89 target. Oppenheimer upgraded the stock to “Outperform” rating in Tuesday, January 10 report. On Tuesday, October 13 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was upgraded by Nomura on Friday, April 28 to “Neutral”. The stock has “Neutral” rating by Goldman Sachs on Wednesday, January 13. On Friday, September 22 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm earned “Equal Weight” rating on Tuesday, June 20 by Stephens. The rating was upgraded by Bank of America to “Neutral” on Thursday, October 20. The rating was upgraded by Instinet on Thursday, April 27 to “Neutral”.

Since July 31, 2017, it had 0 insider purchases, and 8 insider sales for $22.58 million activity. Shares for $2.87M were sold by Williams Anre D on Wednesday, October 25. Buckminster Douglas E. sold $8.79M worth of American Express Company (NYSE:AXP) on Monday, December 11. $4.32 million worth of American Express Company (NYSE:AXP) was sold by O’Neill Michael John. 3,196 American Express Company (NYSE:AXP) shares with value of $304,962 were sold by Zukauckas Linda. Bush James Peter had sold 10,230 shares worth $926,361 on Monday, October 2.

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