Synchrony Finl (SYF) Holder Berkshire Hathaway Increased Holding; American Express (AXP) Holder Peregrine Asset Advisers Decreased Its Stake

February 22, 2018 - By Adrian Erickson

Peregrine Asset Advisers Inc decreased its stake in American Express (AXP) by 11.49% based on its latest 2017Q3 regulatory filing with the SEC. Peregrine Asset Advisers Inc sold 5,833 shares as the company’s stock declined 3.65% while stock markets rallied. The institutional investor held 44,928 shares of the consumer services company at the end of 2017Q3, valued at $4.06 million, down from 50,761 at the end of the previous reported quarter. Peregrine Asset Advisers Inc who had been investing in American Express for a number of months, seems to be less bullish one the $85.04 billion market cap company. The stock increased 0.48% or $0.47 during the last trading session, reaching $97.97. About 1.16 million shares traded. American Express Company (NYSE:AXP) has risen 22.41% since February 22, 2017 and is uptrending. It has outperformed by 5.71% the S&P500.

Warren Buffett increased its stake in Synchrony Finl (SYF) by 19.13% based on its latest 2017Q3 regulatory filing with the SEC. Berkshire Hathaway Inc bought 3.34 million shares as the company’s stock declined 26.83% while stock markets rallied. The hedge fund run by Warren Buffett held 20.80 million shares of the consumer services company at the end of 2017Q3, valued at $645.93M, up from 17.46 million at the end of the previous reported quarter. Berkshire Hathaway Inc who had been investing in Synchrony Finl for a number of months, seems to be bullish on the $28.37B market cap company. The stock increased 0.67% or $0.24 during the last trading session, reaching $36.81. About 1.24M shares traded. Synchrony Financial (NYSE:SYF) has declined 10.35% since February 22, 2017 and is downtrending. It has underperformed by 27.05% the S&P500.

Among 29 analysts covering Synchrony Financial (NYSE:SYF), 22 have Buy rating, 0 Sell and 7 Hold. Therefore 76% are positive. Synchrony Financial had 69 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Friday, July 21 with “Buy”. The firm has “Buy” rating by BTIG Research given on Monday, January 22. BMO Capital Markets maintained Synchrony Financial (NYSE:SYF) on Wednesday, April 12 with “Buy” rating. BTIG Research maintained it with “Buy” rating and $44.0 target in Thursday, December 14 report. BTIG Research maintained the shares of SYF in report on Thursday, May 25 with “Buy” rating. The rating was maintained by BMO Capital Markets on Friday, October 20 with “Buy”. Jefferies maintained the shares of SYF in report on Friday, October 20 with “Buy” rating. The stock of Synchrony Financial (NYSE:SYF) earned “Market Perform” rating by IBC on Wednesday, April 12. On Wednesday, June 15 the stock rating was maintained by Citigroup with “Buy”. Jefferies maintained the stock with “Buy” rating in Monday, September 18 report.

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 108 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Tuesday, January 19 by Credit Suisse. The stock has “Hold” rating by S&P Research on Thursday, July 23. The company was maintained on Friday, September 8 by Morgan Stanley. Keefe Bruyette & Woods maintained it with “Buy” rating and $119.0 target in Thursday, January 18 report. Bank of America maintained American Express Company (NYSE:AXP) on Thursday, October 19 with “Buy” rating. As per Wednesday, August 23, the company rating was maintained by BMO Capital Markets. The firm has “Hold” rating by Evercore given on Thursday, August 20. Oppenheimer upgraded the stock to “Outperform” rating in Tuesday, January 10 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, July 20. On Tuesday, December 5 the stock rating was downgraded by Credit Suisse to “Sell”.

Analysts await American Express Company (NYSE:AXP) to report earnings on April, 18. They expect $1.71 EPS, up 27.61% or $0.37 from last year’s $1.34 per share. AXP’s profit will be $1.48 billion for 14.32 P/E if the $1.71 EPS becomes a reality. After $1.58 actual EPS reported by American Express Company for the previous quarter, Wall Street now forecasts 8.23% EPS growth.

Peregrine Asset Advisers Inc, which manages about $266.46M and $190.11M US Long portfolio, upped its stake in Microsoft (NASDAQ:MSFT) by 53,768 shares to 73,160 shares, valued at $5.45 million in 2017Q3, according to the filing. It also increased its holding in Clorox (NYSE:CLX) by 3,000 shares in the quarter, for a total of 8,167 shares, and has risen its stake in Chevron (NYSE:CVX).

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