Boltwood Capital Management buys $1,593,940 stake in American Express Company (AXP)

American Express Company (AXP) : Boltwood Capital Management scooped up 180 additional shares in American Express Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 24,766 shares of American Express Company which is valued at $1,593,940.American Express Company makes up approximately 1.28% of Boltwood Capital Management’s portfolio.

Other Hedge Funds, Including , Norman Fields Gottscho Capital Management boosted its stake in AXP in the latest quarter, The investment management firm added 2,340 additional shares and now holds a total of 73,377 shares of American Express Company which is valued at $4,722,544. American Express Company makes up approx 3.15% of Norman Fields Gottscho Capital Management’s portfolio.Washington Trust Bank reduced its stake in AXP by selling 6 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 10,428 shares of AXP which is valued at $671,146. American Express Company makes up approx 0.16% of Washington Trust Bank’s portfolio.Eqis Capital Management boosted its stake in AXP in the latest quarter, The investment management firm added 199 additional shares and now holds a total of 9,016 shares of American Express Company which is valued at $580,270. American Express Company makes up approx 0.04% of Eqis Capital Management’s portfolio.Cacti Asset Management boosted its stake in AXP in the latest quarter, The investment management firm added 24,065 additional shares and now holds a total of 548,382 shares of American Express Company which is valued at $35,293,866. American Express Company makes up approx 3.59% of Cacti Asset Management’s portfolio.

American Express Company opened for trading at $63.84 and hit $64.38 on the upside on Tuesday, eventually ending the session at $63.91, with a gain of 0.16% or 0.1 points. The heightened volatility saw the trading volume jump to 37,09,357 shares. Company has a market cap of $59,039 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. American Express Company was Initiated by Atlantic Equities to “Underweight” on Sep 9, 2016.

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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