Beutel Goodman & Co LTD Has Raised Its American Express Co (AXP) Holding; Fac Propertys Has 1.33 Sentiment

February 18, 2018 - By Nellie Frank

First Acceptance Corporation, through its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and other ancillary products in the United States. The company has market cap of $42.44 million. The firm operates through two divisions, Insurance, and Real Estate and Corporate. It currently has negative earnings. It issues automobile insurance policies to individuals who are categorized as non-standard based primarily on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment history or need for monthly payment plans, failure to maintain continuous insurance coverage, or driving record.

Beutel Goodman & Co Ltd increased American Express Co (AXP) stake by 2.82% reported in 2017Q3 SEC filing. Beutel Goodman & Co Ltd acquired 64,933 shares as American Express Co (AXP)’s stock declined 3.65%. The Beutel Goodman & Co Ltd holds 2.37 million shares with $171.27 million value, up from 2.30 million last quarter. American Express Co now has $84.01B valuation. The stock increased 0.24% or $0.23 during the last trading session, reaching $96.79. About 3.28 million shares traded. American Express Company (NYSE:AXP) has risen 22.41% since February 18, 2017 and is uptrending. It has outperformed by 5.71% the S&P500.

The stock decreased 9.65% or $0.11 during the last trading session, reaching $1.03. About 21,989 shares traded. First Acceptance Corporation (FAC) has declined 10.95% since February 18, 2017 and is downtrending. It has underperformed by 27.65% the S&P500.

Second Curve Capital Llc holds 1.76% of its portfolio in First Acceptance Corporation for 4.10 million shares. First Wilshire Securities Management Inc owns 350,000 shares or 0.11% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 93 shares. The New York-based Bank Of New York Mellon Corp has invested 0% in the stock. Blackrock Inc., a New York-based fund reported 144,516 shares.

Since September 7, 2017, it had 0 insider buys, and 11 sales for $35.65 million activity. Bush James Peter also sold $1.27 million worth of American Express Company (NYSE:AXP) shares. CHENAULT KENNETH I sold $9.38 million worth of American Express Company (NYSE:AXP) on Thursday, December 14. Shares for $506,340 were sold by Sobbott Susan. 56,680 American Express Company (NYSE:AXP) shares with value of $5.63 million were sold by Gupta Ashwini. Buckminster Douglas E. also sold $8.79M worth of American Express Company (NYSE:AXP) shares. Shares for $304,962 were sold by Zukauckas Linda. O’Neill Michael John sold $4.32M worth of stock.

Beutel Goodman & Co Ltd decreased Franco Nevada Corp (NYSE:FNV) stake by 23,130 shares to 2.08 million valued at $160.82M in 2017Q3. It also reduced Thomson Reuters Corp (NYSE:TRI) stake by 836,400 shares and now owns 4.04M shares. Cameco Corp (NYSE:CCJ) was reduced too.

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. 4,384 were reported by Argi Invest Services Ltd. 96,688 were reported by Columbia Ptnrs L L C. Umb Bancshares N A Mo has invested 0.07% in American Express Company (NYSE:AXP). Seabridge Invest Limited Liability Corp accumulated 0.02% or 1,010 shares. Torray Limited Liability Co has invested 1.91% in American Express Company (NYSE:AXP). Great West Life Assurance Co Can accumulated 745,729 shares. Griffin Asset Management invested 1.52% of its portfolio in American Express Company (NYSE:AXP). 8,881 were reported by Community State Bank Na. Tci Wealth Advsrs owns 4,283 shares for 0.19% of their portfolio. Invesco Limited stated it has 8.37 million shares or 0.28% of all its holdings. Palisades Hudson Asset Mngmt LP has invested 0.2% in American Express Company (NYSE:AXP). Tarbox Family Office Incorporated has invested 0.02% in American Express Company (NYSE:AXP). 291,729 were reported by American Int Grp Inc Inc. Summit Gru Ltd Company has 0.06% invested in American Express Company (NYSE:AXP). Heartland Advsr invested in 0.63% or 106,889 shares.

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 107 analyst reports since July 23, 2015 according to SRatingsIntel. On Friday, January 22 the stock rating was maintained by UBS with “Sell”. The stock of American Express Company (NYSE:AXP) has “Equal-Weight” rating given on Thursday, July 20 by Morgan Stanley. The company was maintained on Thursday, April 21 by Macquarie Research. The firm has “Neutral” rating by Nomura given on Friday, April 28. The rating was maintained by Credit Suisse with “Underperform” on Tuesday, January 19. BMO Capital Markets maintained it with “Hold” rating and $84.0 target in Wednesday, August 23 report. The rating was maintained by Susquehanna with “Buy” on Thursday, December 28. As per Thursday, January 18, the company rating was maintained by Keefe Bruyette & Woods. The company was maintained on Thursday, April 21 by Goldman Sachs. Keefe Bruyette & Woods maintained it with “Buy” rating and $9100 target in Friday, July 14 report.

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By1 Nellie Frank

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