American Express Co (axp) Most Bought Finance-credit Card Stock By Number Of Institutions

March 6, 2011 - PRLog -- MFFAIS.com featured their Quarterly Finance-Credit Card Industry Rundown. Mffais.com compiles the statistics from recent SEC filings by mutual funds and institutions to determine the positions taken and confidence in stocks by professional mutual fund managers and institutional investors.

Highlights included:

* American Express Co (AXP) leads industry in number of funds buying shares 60.59% of industry buys

* Jaccs Co Ltd (8584.T) had the highest overall confidence score (relation of funds buying versus fund selling)

* Discover Financial Services (DFS) had second highest number of funds buying shares 31.74% of industry buys

* Samsung Card Co (029780.KS) had the second highest overall confidence score (relation of funds buying versus fund selling)

* The top 30 moves by funds in the industry by value of trade shows:

a) 56.66% buys versus 43.33% sells
b) American Express Co (AXP) buys were 40.00% of all activity, 70.58% of number of buys and 82.36% of value of buy trades
c) Discover Financial Services (DFS) buys were 16.66% of all activity, 29.41% of number of buys and 17.63% of value of buy trades

*  When institutions own multiple industry stocks, the most bought industry stock was Discover Financial Services (DFS)

*  When institutions own multiple industry stocks, the most sold industry stock was American Express Co (AXP)


For details and the full report, including purchasing history and buying patterns, please visit http://www.mffais.com

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