American Express Company (AXP) : Front Barnett Associates reduced its stake in American Express Company by 1.19% during the most recent quarter end. The investment management company now holds a total of 160,698 shares of American Express Company which is valued at $10,257,353 after selling 1,939 shares in American Express Company , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.American Express Company makes up approximately 2.01% of Front Barnett Associates’s portfolio.
Other Hedge Funds, Including , Brighton Jones reduced its stake in AXP by selling 786 shares or 16.37% in the most recent quarter. The Hedge Fund company now holds 4,015 shares of AXP which is valued at $256,277. American Express Company makes up approx 0.04% of Brighton Jones’s portfolio. Tradelink Capital sold out all of its stake in AXP during the most recent quarter. The investment firm sold 7,926 shares of AXP which is valued $505,917.Benedict Financial Advisors Inc boosted its stake in AXP in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 4,506 shares of American Express Company which is valued at $291,043. American Express Company makes up approx 0.17% of Benedict Financial Advisors Inc’s portfolio.Rs Investment Management Co boosted its stake in AXP in the latest quarter, The investment management firm added 6,791 additional shares and now holds a total of 700,711 shares of American Express Company which is valued at $45,258,923. American Express Company makes up approx 0.44% of Rs Investment Management Co’s portfolio.Roffman Miller Associates Inc Pa boosted its stake in AXP in the latest quarter, The investment management firm added 13,698 additional shares and now holds a total of 170,880 shares of American Express Company which is valued at $11,018,342. American Express Company makes up approx 1.76% of Roffman Miller Associates Inc Pa’s portfolio.
American Express Company opened for trading at $65.83 and hit $66.25 on the upside on Monday, eventually ending the session at $65.83, with a gain of 0.47% or 0.31 points. The heightened volatility saw the trading volume jump to 32,53,729 shares. Company has a market cap of $60,812 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 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.