Arbor Wealth Management buys $2,438,347 stake in American Express Company (AXP)

American Express Company (AXP) : Arbor Wealth Management scooped up 791 additional shares in American Express Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 37,295 shares of American Express Company which is valued at $2,438,347.American Express Company makes up approximately 2.29% of Arbor Wealth Management’s portfolio.

Other Hedge Funds, Including , Columbia Partners L L C Investment Management added AXP to its portfolio by purchasing 105,670 company shares during the most recent quarter which is valued at $6,908,705. American Express Company makes up approx 0.49% of Columbia Partners L L C Investment Management’s portfolio.High Pointe Capital Management boosted its stake in AXP in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 22,090 shares of American Express Company which is valued at $1,446,453. American Express Company makes up approx 2.03% of High Pointe Capital Management’s portfolio.Hosking Partners Llp boosted its stake in AXP in the latest quarter, The investment management firm added 71,096 additional shares and now holds a total of 545,828 shares of American Express Company which is valued at $34,840,201. American Express Company makes up approx 1.36% of Hosking Partners Llp’s portfolio. New Jersey Better Educational Savings Trust added AXP to its portfolio by purchasing 9,000 company shares during the most recent quarter which is valued at $574,470. American Express Company makes up approx 0.37% of New Jersey Better Educational Savings Trust’s portfolio.Harvey Investment Co reduced its stake in AXP by selling 100 shares or 2.51% in the most recent quarter. The Hedge Fund company now holds 3,887 shares of AXP which is valued at $250,556. American Express Company makes up approx 0.05% of Harvey Investment Co’s portfolio.

American Express Company closed down -0.1 points or -0.15% at $65.53 with 27,83,160 shares getting traded on Friday. Post opening the session at $65.47, the shares hit an intraday low of $65.07 and an intraday high of $65.675 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, American Express Company reported $2.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.36 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.74. The company had revenue of $8235.00 million for the quarter, compared to analysts expectations of $8341.60 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.42 EPS.

American Express Company is a global services company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Card Services International Card Services Global Commercial Services and Global Network & Merchant Services. The Company’s United States banking subsidiaries Centurion Bank and AEBFSB issue a range of Card products and services. It also issues its charge and credit Cards around the world either on its own or as cobrands with partnering institutions. The Company provides expense management and travel services to companies and organizations through its Global Corporate Payments and Global Business Travel businesses. The Global Network & Merchant Services (GNMS) segment operates a global payments network that processes and settles card transactions.

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