American Express Company (AXP) : Hills Bank Trust Co scooped up 340 additional shares in American Express Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 30,057 shares of American Express Company which is valued at $1,938,075.American Express Company makes up approximately 0.69% of Hills Bank Trust Co’s portfolio.
Other Hedge Funds, Including , Trust Co Of Vermont reduced its stake in AXP by selling 6,993 shares or 32.73% in the most recent quarter. The Hedge Fund company now holds 14,374 shares of AXP which is valued at $926,836. American Express Company makes up approx 0.12% of Trust Co Of Vermont’s portfolio.Nisa Investment Advisors boosted its stake in AXP in the latest quarter, The investment management firm added 9,958 additional shares and now holds a total of 368,881 shares of American Express Company which is valued at $23,604,695. American Express Company makes up approx 0.31% of Nisa Investment Advisors’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in AXP by selling 40,090 shares or 88.64% in the most recent quarter. The Hedge Fund company now holds 5,139 shares of AXP which is valued at $324,271.Alpha Windward reduced its stake in AXP by selling 69 shares or 2.84% in the most recent quarter. The Hedge Fund company now holds 2,361 shares of AXP which is valued at $145,178. American Express Company makes up approx 0.10% of Alpha Windward’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in AXP by selling 34,701 shares or 4.71% in the most recent quarter. The Hedge Fund company now holds 702,748 shares of AXP which is valued at $43,211,975. American Express Company makes up approx 0.19% of Bnp Paribas Arbitrage Sa’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.