American Express Company (AXP) : Bls Capital Fondsmaeglerselskab As reduced its stake in American Express Company by 57.27% during the most recent quarter end. The investment management company now holds a total of 209,896 shares of American Express Company which is valued at $13,534,094 after selling 281,300 shares in American Express Company , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.American Express Company makes up approximately 5.84% of Bls Capital Fondsmaeglerselskab As’s portfolio.
Other Hedge Funds, Including , Trust Department Mb Financial Bank N A reduced its stake in AXP by selling 514 shares or 73.12% in the most recent quarter. The Hedge Fund company now holds 189 shares of AXP which is valued at $12,094. Investment Partners Ltd Oh Adv sold out all of its stake in AXP during the most recent quarter. The investment firm sold 3,158 shares of AXP which is valued $199,270. Smith Affiliated Capital Corp. sold out all of its stake in AXP during the most recent quarter. The investment firm sold 575 shares of AXP which is valued $36,283.Boltwood Capital Management boosted its stake in AXP in the latest quarter, The investment management firm added 465 additional shares and now holds a total of 24,586 shares of American Express Company which is valued at $1,454,262. American Express Company makes up approx 1.21% of Boltwood Capital Management’s portfolio.
American Express Company opened for trading at $64.29 and hit $64.8 on the upside on Wednesday, eventually ending the session at $64.48, with a gain of 0.50% or 0.32 points. The heightened volatility saw the trading volume jump to 83,15,821 shares. Company has a market cap of $61,323 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.
Many Wall Street Analysts have commented on American Express Company. Company shares were Reiterated by DA Davidson on Apr 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 67 from a previous price target of $66 .
American Express Company is a global services company. The Companys principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. The Companys segments include U.S. Card Services International Card Services Global Commercial Services and Global Network & Merchant Services. The Companys 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.