Hutner Daniel Ellsworth Lowers stake in American Express Company (AXP)

American Express Company (AXP) : Hutner Daniel Ellsworth reduced its stake in American Express Company by 3.96% during the most recent quarter end. The investment management company now holds a total of 36,377 shares of American Express Company which is valued at $2,378,328 after selling 1,500 shares in American Express Company , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.American Express Company makes up approximately 2.01% of Hutner Daniel Ellsworth’s portfolio.

Other Hedge Funds, Including , Mcf Advisors boosted its stake in AXP in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 1,266 shares of American Express Company which is valued at $82,771. American Express Company makes up approx 0.02% of Mcf Advisors’s portfolio.Ameritas Investment Partners boosted its stake in AXP in the latest quarter, The investment management firm added 332 additional shares and now holds a total of 16,526 shares of American Express Company which is valued at $1,080,470. American Express Company makes up approx 0.07% of Ameritas Investment Partners’s portfolio. Chicago Partners Investment Group added AXP to its portfolio by purchasing 610 company shares during the most recent quarter which is valued at $39,943. American Express Company makes up approx 0.02% of Chicago Partners Investment Group’s portfolio.Independent Portfolio Consultants boosted its stake in AXP in the latest quarter, The investment management firm added 640 additional shares and now holds a total of 10,663 shares of American Express Company which is valued at $682,325. American Express Company makes up approx 0.21% of Independent Portfolio Consultants’s portfolio.

American Express Company opened for trading at $65.73 and hit $66.28 on the upside on Tuesday, eventually ending the session at $65.68, with a gain of 0.49% or 0.32 points. The heightened volatility saw the trading volume jump to 35,51,696 shares. Company has a market cap of $60,674 M.

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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