American Express Company (AXP) Forms $99.99 Double Top; Marsico Capital Management Has Decreased Its Adobe Sys (ADBE) Position

American Express Company (AXP) formed double top with $102.99 target or 3.00% above today’s $99.99 share price. American Express Company (AXP) has $86.02B valuation. The stock increased 0.41% or $0.41 during the last trading session, reaching $99.99. About 330,667 shares traded. American Express Company (NYSE:AXP) has risen 22.41% since February 28, 2017 and is uptrending. It has outperformed by 5.71% the S&P500.

Marsico Capital Management Llc decreased Adobe Sys Inc (ADBE) stake by 2.59% reported in 2017Q3 SEC filing. Marsico Capital Management Llc sold 3,019 shares as Adobe Sys Inc (ADBE)’s stock rose 14.01%. The Marsico Capital Management Llc holds 113,759 shares with $16.97 million value, down from 116,778 last quarter. Adobe Sys Inc now has $103.97B valuation. The stock increased 1.28% or $2.68 during the last trading session, reaching $211.5. About 263,269 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 28, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

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 $1.47 billion for 14.62 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.

Since September 7, 2017, it had 0 buys, and 11 insider sales for $35.65 million activity. Bush James Peter sold $322,145 worth of American Express Company (NYSE:AXP) on Thursday, October 26. Another trade for 88,930 shares valued at $8.79M was made by Buckminster Douglas E. on Monday, December 11. $4.32 million worth of American Express Company (NYSE:AXP) was sold by O’Neill Michael John. Sobbott Susan sold $506,340 worth of American Express Company (NYSE:AXP) on Thursday, September 7. $304,962 worth of American Express Company (NYSE:AXP) was sold by Zukauckas Linda. The insider Gupta Ashwini sold $5.63 million. Another trade for 30,761 shares valued at $2.87M was made by Williams Anre D on Wednesday, October 25.

Investors sentiment increased to 0.83 in 2017 Q3. Its up 0.01, from 0.82 in 2017Q2. It improved, as 47 investors sold American Express Company 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. Arete Wealth Advsrs Limited Liability invested in 0.26% or 7,215 shares. 7,667 were accumulated by Savant Ltd Liability. Ariel Invs Ltd invested in 0.94% or 893,621 shares. Commonwealth Natl Bank Of Aus holds 0.12% or 137,807 shares. Sigma Inv Counselors accumulated 3,490 shares. Marshall Wace Llp holds 0.84% of its portfolio in American Express Company (NYSE:AXP) for 199,720 shares. Missouri-based Benjamin F Edwards Co Incorporated has invested 0.21% in American Express Company (NYSE:AXP). Visionary Asset Management invested 0.07% in American Express Company (NYSE:AXP). Rampart Investment Mngmt Ltd invested in 9,267 shares. Ubs Oconnor Ltd Com holds 75,000 shares. Aviance Prtn Limited Liability Company holds 12,160 shares or 0.37% of its portfolio. Great Lakes Limited Liability Company invested 1.45% of its portfolio in American Express Company (NYSE:AXP). Gabelli And Invest Advisers Inc reported 0.03% stake. Advisory owns 24,828 shares for 0.04% of their portfolio. Fulton Financial Bank Na accumulated 5,117 shares or 0.03% of the stock.

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 has $130.0 highest and $54 lowest target. $95.50’s average target is -4.49% below currents $99.99 stock price. American Express Company had 108 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of American Express Company (NYSE:AXP) has “Equal-Weight” rating given on Thursday, October 19 by Morgan Stanley. Nomura downgraded American Express Company (NYSE:AXP) on Thursday, October 6 to “Reduce” rating. The firm earned “Sell” rating on Friday, January 22 by UBS. S&P Research maintained American Express Company (NYSE:AXP) rating on Monday, September 14. S&P Research has “Hold” rating and $80 target. The stock has “Neutral” rating by Bank of America on Thursday, July 20. Stephens maintained it with “Hold” rating and $97.0 target in Tuesday, January 2 report. Vetr upgraded the stock to “Hold” rating in Friday, August 21 report. Nomura upgraded American Express Company (NYSE:AXP) on Monday, February 12 to “Buy” rating. RBC Capital Markets maintained it with “Sell” rating and $81.0 target in Friday, January 19 report. Sandler O’Neill maintained it with “Buy” rating and $113.0 target in Tuesday, January 16 report.

Since September 13, 2017, it had 1 insider purchase, and 14 insider sales for $79.49 million activity. LAMKIN BRYAN sold $5.97M worth of stock. Banse Amy also bought $199,520 worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, December 18. Lewnes Ann sold $304,434 worth of stock or 1,953 shares. DILLON MICHAEL A sold 6,376 shares worth $1.26 million. On Tuesday, February 6 GARRETT MARK sold $10.21 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 54,488 shares. GESCHKE CHARLES M had sold 21,276 shares worth $3.97 million. 18,410 shares valued at $3.63M were sold by Rencher Bradley on Wednesday, January 24.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. They expect $1.22 earnings per share, up 56.41% or $0.44 from last year’s $0.78 per share. ADBE’s profit will be $599.73 million for 43.34 P/E if the $1.22 EPS becomes a reality. After $1.05 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 16.19% EPS growth.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 140 analyst reports since August 11, 2015 according to SRatingsIntel. Goldman Sachs maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, March 18. Goldman Sachs has “Neutral” rating and $100 target. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, December 11. The company was downgraded on Monday, June 12 by Pivotal Research. The stock has “Buy” rating by Guggenheim on Wednesday, January 10. The firm has “Buy” rating given on Wednesday, June 21 by KeyBanc Capital Markets. The firm has “Buy” rating by Argus Research given on Monday, December 14. The company was maintained on Wednesday, September 21 by UBS. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Friday, December 15 by Piper Jaffray. As per Thursday, April 21, the company rating was reinitiated by Credit Suisse. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Outperform” rating by Credit Suisse on Friday, March 24.

Marsico Capital Management Llc increased Paypal Hldgs Inc stake by 202,421 shares to 2.12M valued at $135.48 million in 2017Q3. It also upped Teleflex Inc (NYSE:TFX) stake by 1,795 shares and now owns 22,925 shares. Alphabet Inc was raised too.

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It increased, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. 231,670 were accumulated by Rathbone Brothers Plc. Norinchukin Bancorporation The reported 36,723 shares. Ami Asset Corporation reported 165,919 shares. Moreover, United Services Automobile Association has 0.25% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Alpha Cubed Investments Ltd Limited Liability Company owns 25,420 shares. Ferguson Wellman has 0.67% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 123,746 shares. 7,877 were reported by Tdam Usa Inc. The New York-based Ny State Common Retirement Fund has invested 0.28% in Adobe Systems Incorporated (NASDAQ:ADBE). Intrust National Bank Na reported 0.37% in Adobe Systems Incorporated (NASDAQ:ADBE). Voya Invest Management Lc reported 1.48M shares. The Texas-based Tpg Grp (Sbs) Advsr has invested 0.07% in Adobe Systems Incorporated (NASDAQ:ADBE). Family Tru has invested 37.26% in Adobe Systems Incorporated (NASDAQ:ADBE). Bristol John W And Com Inc has 1.84% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 427,495 shares. Thompson Davis And Company holds 0.04% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 157 shares. Apg Asset Mgmt Nv owns 651,382 shares for 0.16% of their portfolio.