As Irsa Inversiones Y Rep S A (IRS) Share Value Rose, Ashmore Group Plc Cut Stake by $2.00 Million; American Express Co (AXP) Stake Maintained by Beutel Goodman & Co Ltd

January 14, 2018 - By Dolores Ford

Beutel Goodman & Co Ltd increased its stake in American Express Co (AXP) by 2.82% based on its latest 2017Q3 regulatory filing with the SEC. Beutel Goodman & Co Ltd bought 64,933 shares as the company’s stock declined 3.65% while stock markets rallied. The institutional investor held 2.37 million shares of the consumer services company at the end of 2017Q3, valued at $171.27 million, up from 2.30M at the end of the previous reported quarter. Beutel Goodman & Co Ltd who had been investing in American Express Co for a number of months, seems to be bullish on the $87.64B market cap company. The stock increased 0.24% or $0.24 during the last trading session, reaching $100.97. About 3.23 million shares traded or 0.69% up from the average. American Express Company (NYSE:AXP) has risen 22.41% since January 14, 2017 and is uptrending. It has outperformed by 5.71% the S&P500.

Ashmore Group Plc decreased its stake in Irsa Inversiones Y Rep S A (IRS) by 29.18% based on its latest 2017Q3 regulatory filing with the SEC. Ashmore Group Plc sold 83,280 shares as the company’s stock rose 11.75% with the market. The institutional investor held 202,156 shares of the homebuilding company at the end of 2017Q3, valued at $4.96 million, down from 285,436 at the end of the previous reported quarter. Ashmore Group Plc who had been investing in Irsa Inversiones Y Rep S A for a number of months, seems to be less bullish one the $1.76 billion market cap company. The stock decreased 4.09% or $1.24 during the last trading session, reaching $29.08. About 207,835 shares traded or 189.90% up from the average. IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) has risen 79.62% since January 14, 2017 and is uptrending. It has outperformed by 62.92% the S&P500.

Since July 31, 2017, it had 0 buys, and 11 selling transactions for $38.86 million activity. Zukauckas Linda sold 3,196 shares worth $304,962. Williams Anre D sold 30,761 shares worth $2.87M. CHENAULT KENNETH I also sold $9.38M worth of American Express Company (NYSE:AXP) shares. The insider Gupta Ashwini sold 56,680 shares worth $5.63M. Buckminster Douglas E. had sold 88,930 shares worth $8.79 million. 6,000 American Express Company (NYSE:AXP) shares with value of $506,340 were sold by Sobbott Susan.

Beutel Goodman & Co Ltd, which manages about $36.47 billion and $13.17 billion US Long portfolio, decreased its stake in Cdn Pacific Railway (NYSE:CP) by 16,370 shares to 1.58M shares, valued at $264.94 million in 2017Q3, according to the filing. It also reduced its holding in Rogers Communication (NYSE:RCI) by 138,300 shares in the quarter, leaving it with 16.40 million shares, and cut its stake in Eli Lilly & Co (NYSE:LLY).

Investors sentiment increased to 0.83 in 2017 Q3. 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. Ntv Asset Mgmt Limited Liability Corporation accumulated 9,000 shares or 0.24% of the stock. Nomura Incorporated invested in 38,013 shares. Cambridge Investment Advsr Inc invested in 39,756 shares. Community Bank & Trust Na holds 0.09% in American Express Company (NYSE:AXP) or 8,881 shares. 130,525 are held by Amer National Insurance Tx. Eqis Management has invested 0.07% in American Express Company (NYSE:AXP). Schwab Charles Mngmt reported 2.65M shares. Matrix Asset Ny accumulated 1.58% or 105,971 shares. Dearborn Ltd Liability Corp invested in 2,861 shares. First Tru Advsrs Lp accumulated 108,645 shares. Stratos Wealth reported 33,305 shares. Osborne Prtn Cap Mngmt owns 20,354 shares for 0.25% of their portfolio. Obermeyer Wood Invest Counsel Lllp has 2,400 shares for 0.02% of their portfolio. Marietta Limited Liability Co holds 0.08% or 2,950 shares in its portfolio. Doheny Asset Ca owns 0.16% invested in American Express Company (NYSE:AXP) for 3,904 shares.

Among 35 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 4 Sell and 21 Hold. Therefore 29% are positive. American Express Company had 97 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was downgraded by J.P. Morgan on Friday, January 12 to “Hold”. The stock of American Express Company (NYSE:AXP) earned “Sell” rating by RBC Capital Markets on Thursday, July 20. The stock has “Buy” rating by Keefe Bruyette & Woods on Friday, August 18. The stock of American Express Company (NYSE:AXP) earned “Equal-Weight” rating by Barclays Capital on Tuesday, October 13. The firm has “Neutral” rating given on Friday, April 28 by Nomura. On Friday, September 8 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The company was maintained on Wednesday, June 14 by RBC Capital Markets. The rating was maintained by UBS with “Sell” on Friday, January 22. On Tuesday, October 10 the stock rating was initiated by Wells Fargo with “Buy”. The rating was downgraded by Argus Research to “Hold” on Monday, January 25.

Among 2 analysts covering IRSA Inversiones (NYSE:IRS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. IRSA Inversiones had 4 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) has “Equal-Weight” rating given on Thursday, July 21 by Morgan Stanley. The company was downgraded on Tuesday, August 11 by Morgan Stanley. The rating was upgraded by Morgan Stanley to “Overweight” on Wednesday, November 23. The company was upgraded on Monday, September 7 by Zacks.

Ashmore Group Plc, which manages about $216.65M US Long portfolio, upped its stake in Gran Tierra Energy Inc (NYSEMKT:GTE) by 1.17M shares to 3.67M shares, valued at $8.36 million in 2017Q3, according to the filing. It also increased its holding in Fomento Economico Mexicano S (NYSE:FMX) by 9,858 shares in the quarter, for a total of 129,668 shares, and has risen its stake in Embraer S A (NYSE:ERJ).

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