Grantham Mayo Van Otterloo buys $429,814,593 stake in American Express Company (AXP)

American Express Company (AXP) : Grantham Mayo Van Otterloo scooped up 1,373,732 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 12, 2016. The investment management firm now holds a total of 6,574,099 shares of American Express Company which is valued at $429,814,593.American Express Company makes up approximately 1.71% of Grantham Mayo Van Otterloo’s portfolio.

Other Hedge Funds, Including , Meiji Yasuda Asset Management Co Ltd. boosted its stake in AXP in the latest quarter, The investment management firm added 3,321 additional shares and now holds a total of 49,789 shares of American Express Company which is valued at $3,255,205. American Express Company makes up approx 0.45% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.Ironwood Investment Counsel reduced its stake in AXP by selling 24,886 shares or 49.06% in the most recent quarter. The Hedge Fund company now holds 25,838 shares of AXP which is valued at $1,689,288. American Express Company makes up approx 0.96% of Ironwood Investment Counsel’s portfolio.Shelton Capital Management boosted its stake in AXP in the latest quarter, The investment management firm added 209 additional shares and now holds a total of 9,601 shares of American Express Company which is valued at $612,832. American Express Company makes up approx 0.05% of Shelton Capital Management’s portfolio.Investment Counsel boosted its stake in AXP in the latest quarter, The investment management firm added 1,359 additional shares and now holds a total of 10,383 shares of American Express Company which is valued at $669,496. American Express Company makes up approx 0.53% of Investment Counsel’s portfolio.

American Express Company opened for trading at $65 and hit $65.77 on the upside on Monday, eventually ending the session at $65.52, with a gain of 1.13% or 0.73 points. The heightened volatility saw the trading volume jump to 41,73,845 shares. Company has a market cap of $60,526 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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