Confluence Investment Management Decreased American Express Company (AXP) Stake; Pimco New York Municipal Income Fund II (PNI)’s Sentiment Is 1.33

June 27, 2018 - By Danny Collins

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Pimco New York Municipal Income Fund II (PNI) investors sentiment decreased to 1.33 in 2018 Q1. It’s down -0.67, from 2 in 2017Q4. The ratio has worsened, as 4 active investment managers opened new or increased equity positions, while 3 decreased and sold positions in Pimco New York Municipal Income Fund II. The active investment managers in our database now own: 291,245 shares, down from 308,814 shares in 2017Q4. Also, the number of active investment managers holding Pimco New York Municipal Income Fund II in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 3 Increased: 1 New Position: 3.

Confluence Investment Management Llc decreased American Express Company (AXP) stake by 3.05% reported in 2018Q1 SEC filing. Confluence Investment Management Llc sold 15,116 shares as American Express Company (AXP)’s stock declined 0.53%. The Confluence Investment Management Llc holds 480,283 shares with $44.80M value, down from 495,399 last quarter. American Express Company now has $84.93 billion valuation. The stock increased 0.51% or $0.5 during the last trading session, reaching $98.71. About 496,175 shares traded. American Express Company (NYSE:AXP) has risen 30.55% since June 27, 2017 and is uptrending. It has outperformed by 17.98% the S&P500. Some Historical AXP News: 07/05/2018 – Groupon Launches Local Restaurant Deals for American Express Card Members; 14/05/2018 – Fitch to Rate American Express Credit Account Master Trust, Series 2018-5; Presale Issued; 16/04/2018 – AMERICAN EXPRESS – PRELIMINARY USCS CARD MEMBER LOANS NET WRITE-OFF RATE-PRINCIPAL ONLY 2.2 PCT AT MARCH END VS 2.2 PCT AT FEB END; 18/04/2018 – American Express Expects Revenue to Be Up at Least 8 % This Year; 18/04/2018 – American Express 1Q International Consumer and Network Services Net $291M; 07/03/2018 American Express Joins Chorus Declaring Gender Pay Parity; 30/05/2018 – DAL: SEES $3B/YEAR REVENUE FROM AMERICAN EXPRESS PARTNERSHIP; 20/04/2018 – Shiny New Button May Help Visa, Mastercard and AmEx Fight PayPal; 16/04/2018 – American Express’ Plenti program will end on July 10 and all Plenti points will expire on that date; 20/03/2018 – AMERICAN EXPRESS – EXPEDIA ALERTED CO THAT USERS OF ORBITZ PLATFORM FROM JAN 1, 2016 THROUGH DEC 22, 2017 MAY HAVE BEEN VICTIMS OF CYBER ATTACK

Another recent and important Pimco New York Municipal Income (NYSE:PNI) news was published by Nasdaq.com which published an article titled: “PIMCO Municipal Closed-End Funds Announce Change to Non-Fundamental Investment Policy” on June 15, 2018.

Guggenheim Capital Llc holds 0.01% of its portfolio in Pimco New York Municipal Income for 202,760 shares. Arrow Financial Corp owns 1,500 shares or 0% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 8,039 shares. The Georgia-based Invesco Ltd. has invested 0% in the stock. Morgan Stanley, a New York-based fund reported 27,418 shares.

The stock increased 0.15% or $0.02 during the last trading session, reaching $10.59. About 2,092 shares traded. Pimco New York Municipal Income (PNI) has declined 9.23% since June 27, 2017 and is downtrending. It has underperformed by 21.80% the S&P500.

More notable recent American Express Company (NYSE:AXP) news were published by: Fool.com which released: “Why American Express Is Pulling the Plug on This Rewards Program” on June 25, 2018, also Bizjournals.com with their article: “How the revamped Wells Fargo, American Express rewards card stacks up against the competition” published on June 26, 2018, Fool.com published: “3 Stocks to Buy and Hold for Decades” on June 25, 2018. More interesting news about American Express Company (NYSE:AXP) were released by: Finance.Yahoo.com and their article: “3 Big Stock Charts for Tuesday: Bank of America, American Express and Marsh & McLennan” published on June 26, 2018 as well as Seekingalpha.com‘s news article titled: “Wall Street Breakfast: The New Face Of General Electric” with publication date: June 26, 2018.

Since January 2, 2018, it had 0 buys, and 8 sales for $12.05 million activity. $889,103 worth of American Express Company (NYSE:AXP) was sold by CAMPBELL JEFFREY C on Friday, June 1. $1.23M worth of stock was sold by Squeri Stephen J on Tuesday, May 1. 12,789 shares valued at $1.27M were sold by Bush James Peter on Tuesday, January 2. Petrino Richard also sold $1.02 million worth of American Express Company (NYSE:AXP) on Tuesday, May 22. Cox L Kevin sold $5.07 million worth of stock. $376,710 worth of stock was sold by Buckminster Douglas E. on Wednesday, February 21.

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 has $130.0 highest and $54 lowest target. $98.11’s average target is -0.61% below currents $98.71 stock price. American Express Company had 124 analyst reports since July 23, 2015 according to SRatingsIntel. Guggenheim maintained American Express Company (NYSE:AXP) rating on Thursday, April 19. Guggenheim has “Hold” rating and $10400 target. The stock has “Sell” rating by Credit Suisse on Wednesday, January 17. Oppenheimer maintained the stock with “Underperform” rating in Friday, January 22 report. The firm earned “Neutral” rating on Thursday, April 27 by Instinet. The stock of American Express Company (NYSE:AXP) earned “Buy” rating by Wells Fargo on Friday, January 19. The firm has “Hold” rating by Argus Research given on Monday, January 25. The rating was maintained by UBS on Friday, January 22 with “Sell”. The stock has “Buy” rating by Argus Research on Thursday, October 22. As per Monday, January 9, the company rating was upgraded by Bank of America. On Tuesday, January 10 the stock rating was upgraded by Oppenheimer to “Outperform”.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.08, from 0.89 in 2017Q4. It worsened, as 52 investors sold AXP shares while 462 reduced holdings. 99 funds opened positions while 318 raised stakes. 695.82 million shares or 0.87% less from 701.90 million shares in 2017Q4 were reported. Montag & Caldwell Ltd Liability Corporation has 0.01% invested in American Express Company (NYSE:AXP) for 2,400 shares. Moreover, Credit Suisse Ag has 0.12% invested in American Express Company (NYSE:AXP) for 1.43 million shares. Putnam Fl reported 2,465 shares stake. Hermes Inv Management Limited holds 0.01% of its portfolio in American Express Company (NYSE:AXP) for 4,950 shares. First Natl Tru has invested 0.09% in American Express Company (NYSE:AXP). Miracle Mile Ltd Llc accumulated 38,000 shares or 0.37% of the stock. 1.11M were reported by Royal Bancorporation Of Canada. S&Co has invested 0.07% in American Express Company (NYSE:AXP). Matrix Asset Advsr has invested 1.2% of its portfolio in American Express Company (NYSE:AXP). Prudential Finance accumulated 0.15% or 1.05M shares. Transamerica Fincl Advsrs reported 105 shares. Independent invested in 0.58% or 15,514 shares. Veritable Limited Partnership owns 0.09% invested in American Express Company (NYSE:AXP) for 43,037 shares. Van Den Berg Management I invested 0.04% in American Express Company (NYSE:AXP). Montgomery Management has 0.11% invested in American Express Company (NYSE:AXP).

Confluence Investment Management Llc increased S&P 500 Growth Index (IVW) stake by 119,714 shares to 123,667 valued at $19.18 million in 2018Q1. It also upped Black Knight Inc stake by 174,223 shares and now owns 2.23M shares. Johnson & Johnson (NYSE:JNJ) was raised too.

Analysts await American Express Company (NYSE:AXP) to report earnings on July, 18. They expect $1.81 earnings per share, up 23.13% or $0.34 from last year’s $1.47 per share. AXP’s profit will be $1.56B for 13.63 P/E if the $1.81 EPS becomes a reality. After $1.86 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts -2.69% negative EPS growth.

American Express Company (NYSE:AXP) Institutional Positions Chart