Gm Advisory Group Has Trimmed Its American Express Co (AXP) Stake by $1.26 Million; Jnba Financial Advisors Lifted Its Graco (GGG) Stake by $1.69 Million; Market Value Declined

May 27, 2018 - By Adrian Erickson

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Gm Advisory Group Inc decreased its stake in American Express Co (AXP) by 16.03% based on its latest 2017Q4 regulatory filing with the SEC. Gm Advisory Group Inc sold 12,702 shares as the company’s stock declined 7.41% with the market. The hedge fund held 66,527 shares of the consumer services company at the end of 2017Q4, valued at $6.61M, down from 79,229 at the end of the previous reported quarter. Gm Advisory Group Inc who had been investing in American Express Co for a number of months, seems to be less bullish one the $86.98 billion market cap company. The stock decreased 0.89% or $0.91 during the last trading session, reaching $101.1. About 1.85 million shares traded. American Express Company (NYSE:AXP) has risen 17.81% since May 27, 2017 and is uptrending. It has outperformed by 6.26% the S&P500.

Jnba Financial Advisors increased its stake in Graco Inc (GGG) by 200% based on its latest 2017Q4 regulatory filing with the SEC. Jnba Financial Advisors bought 37,522 shares as the company’s stock declined 0.59% with the market. The institutional investor held 56,283 shares of the fluid controls company at the end of 2017Q4, valued at $2.55 million, up from 18,761 at the end of the previous reported quarter. Jnba Financial Advisors who had been investing in Graco Inc for a number of months, seems to be bullish on the $7.70 billion market cap company. The stock decreased 1.08% or $0.5 during the last trading session, reaching $45.91. About 331,654 shares traded. Graco Inc. (NYSE:GGG) has risen 44.03% since May 27, 2017 and is uptrending. It has outperformed by 32.48% the S&P500.

Investors sentiment increased to 9.88 in Q4 2017. Its up 8.92, from 0.96 in 2017Q3. It is positive, as 25 investors sold GGG shares while 7 reduced holdings. 59 funds opened positions while 257 raised stakes. 278.85 million shares or 493.55% more from 46.98 million shares in 2017Q3 were reported. Comml Bank Of Ny Mellon Corporation has 2.58 million shares. Tocqueville Asset Mgmt Ltd Partnership owns 0.01% invested in Graco Inc. (NYSE:GGG) for 18,372 shares. Cardinal Capital Mgmt stated it has 0.31% of its portfolio in Graco Inc. (NYSE:GGG). Moreover, Mairs And has 3.71% invested in Graco Inc. (NYSE:GGG). Koch Indust reported 26,665 shares stake. Hanseatic Mngmt Svcs invested in 23,274 shares or 1.06% of the stock. Alliancebernstein Lp stated it has 0% of its portfolio in Graco Inc. (NYSE:GGG). Commercial Bank Of Montreal Can reported 136,641 shares stake. 34,223 are held by Cadence Ltd Company. Profund Advisors Ltd Llc accumulated 20,868 shares or 0.04% of the stock. Brown Brothers Harriman holds 0% or 2,619 shares in its portfolio. Glenmede Trust Na stated it has 0.01% of its portfolio in Graco Inc. (NYSE:GGG). First Quadrant Lp Ca reported 0.48% in Graco Inc. (NYSE:GGG). Apg Asset Management Nv has invested 0.03% of its portfolio in Graco Inc. (NYSE:GGG). Amer Century Inc reported 832,128 shares.

Since December 13, 2017, it had 0 insider purchases, and 9 sales for $23.05 million activity. Another trade for 15,000 shares valued at $1.98M was made by GALLIVAN KAREN PARK on Wednesday, December 13. $1.24 million worth of Graco Inc. (NYSE:GGG) was sold by CARROLL WILLIAM J. VAN SANT R WILLIAM also sold $684,693 worth of Graco Inc. (NYSE:GGG) on Thursday, May 10. Johnson Jeffrey P. sold $4.24 million worth of Graco Inc. (NYSE:GGG) on Friday, May 18. Rothe Christian E sold $1.68 million worth of Graco Inc. (NYSE:GGG) on Wednesday, December 13. $657,476 worth of stock was sold by Etchart Eric on Tuesday, May 1.

Jnba Financial Advisors, which manages about $564.64 million and $475.36M US Long portfolio, decreased its stake in Ishares Tr (SHY) by 52,227 shares to 36,736 shares, valued at $3.08M in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (IJR) by 10,153 shares in the quarter, leaving it with 193,827 shares, and cut its stake in Vanguard Tax Managed Intl Fd (VEA).

Among 15 analysts covering Graco Inc (NYSE:GGG), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. Graco Inc had 36 analyst reports since September 15, 2015 according to SRatingsIntel. The rating was downgraded by Sidoti to “Neutral” on Monday, April 4. The company was maintained on Thursday, July 27 by RBC Capital Markets. On Tuesday, January 23 the stock rating was upgraded by Deutsche Bank to “Buy”. The firm earned “Hold” rating on Wednesday, January 3 by RBC Capital Markets. As per Thursday, October 26, the company rating was maintained by Robert W. Baird. The rating was initiated by Deutsche Bank with “Hold” on Wednesday, September 7. The company was downgraded on Wednesday, February 1 by Wunderlich. The stock has “Peer Perform” rating by Wolfe Research on Monday, July 31. RBC Capital Markets maintained Graco Inc. (NYSE:GGG) rating on Monday, July 10. RBC Capital Markets has “Hold” rating and $10400 target. The firm has “Market Perform” rating given on Thursday, July 21 by William Blair.

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.06, from 0.83 in 2017Q3. It increased, as 42 investors sold AXP shares while 442 reduced holdings. 122 funds opened positions while 311 raised stakes. 701.90 million shares or 1.01% less from 709.03 million shares in 2017Q3 were reported. Amp Invsts Limited holds 421,552 shares. Moreover, Nj State Employees Deferred Compensation Plan has 0.86% invested in American Express Company (NYSE:AXP). Bowen Hanes & Com reported 314,385 shares. 8,731 were accumulated by Community Bancshares Na. Amica Mutual Insur accumulated 1.07% or 108,817 shares. Auxier Asset Mngmt reported 7,843 shares. 20,417 are held by Warren Averett Asset Mgmt Ltd Llc. Raab Moskowitz Asset Mgmt Limited Company has 15,221 shares. Benjamin F Edwards And reported 18,573 shares. Dorsey & Whitney Trust Com, a South Dakota-based fund reported 61,246 shares. Everett Harris And Ca holds 0.01% or 5,252 shares. Torray Limited Liability Corporation invested in 207,510 shares or 2.03% of the stock. Pnc Ser Grp Inc Inc holds 0.14% in American Express Company (NYSE:AXP) or 1.49M shares. Assetmark holds 4,168 shares. Wealthtrust holds 0.06% or 1,153 shares in its portfolio.

Analysts await American Express Company (NYSE:AXP) to report earnings on July, 18. They expect $1.82 EPS, up 23.81% or $0.35 from last year’s $1.47 per share. AXP’s profit will be $1.57 billion for 13.89 P/E if the $1.82 EPS becomes a reality. After $1.86 actual EPS reported by American Express Company for the previous quarter, Wall Street now forecasts -2.15% negative EPS growth.

Since December 11, 2017, it had 0 insider buys, and 9 insider sales for $37.90 million activity. Another trade for 88,930 shares valued at $8.79 million was sold by Buckminster Douglas E.. Another trade for 12,500 shares valued at $1.23M was made by Squeri Stephen J on Tuesday, May 1. $5.07M worth of stock was sold by Cox L Kevin on Thursday, April 19. 13,356 shares valued at $1.32M were sold by Bush James Peter on Thursday, February 1. The insider CAMPBELL JEFFREY C sold 9,000 shares worth $882,406. On Monday, December 11 the insider O’Neill Michael John sold $4.32M.

Among 38 analysts covering American Express Company (NYSE:AXP), 13 have Buy rating, 3 Sell and 22 Hold. Therefore 34% are positive. American Express Company had 123 analyst reports since July 23, 2015 according to SRatingsIntel. JP Morgan upgraded American Express Company (NYSE:AXP) on Tuesday, January 17 to “Overweight” rating. The firm earned “Underperform” rating on Friday, January 22 by Oppenheimer. The rating was initiated by Evercore with “Hold” on Thursday, August 20. The stock of American Express Company (NYSE:AXP) has “Neutral” rating given on Friday, April 28 by Nomura. The company was maintained on Thursday, October 22 by Credit Suisse. The stock of American Express Company (NYSE:AXP) has “Neutral” rating given on Thursday, April 21 by Goldman Sachs. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, January 18. The stock of American Express Company (NYSE:AXP) has “Equal-Weight” rating given on Tuesday, October 13 by Barclays Capital. The stock has “Buy” rating by Wells Fargo on Tuesday, October 10. Credit Suisse downgraded it to “Sell” rating and $84.0 target in Tuesday, December 5 report.

More recent American Express Company (NYSE:AXP) news were published by: Livetradingnews.com which released: “American Express Company (NYSE:AXP) Heffx Technical Review” on April 30, 2018. Also Seekingalpha.com published the news titled: “How Far Could American Express Fall?” on May 02, 2018. 247Wallst.com‘s news article titled: “Chevron, Exxon Tank the Dow Friday” with publication date: May 25, 2018 was also an interesting one.

Gm Advisory Group Inc, which manages about $547.47M and $367.53 million US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VGK) by 6,519 shares to 371,810 shares, valued at $21.99 million in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (ACWX) by 29,574 shares in the quarter, for a total of 96,511 shares, and has risen its stake in Unitedhealth Group Inc (NYSE:UNH).

Graco Inc. (NYSE:GGG) Institutional Positions Chart

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