Kiltearn Partners Llp buys $103,437,698 stake in American Express Company (AXP)

American Express Company (AXP) : Kiltearn Partners Llp scooped up 560,300 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 10, 2016. The investment management firm now holds a total of 1,582,100 shares of American Express Company which is valued at $103,437,698.American Express Company makes up approximately 4.30% of Kiltearn Partners Llp’s portfolio.

Other Hedge Funds, Including , Harris Associates L P sold out all of its stake in AXP during the most recent quarter. The investment firm sold 79,205 shares of AXP which is valued $5,178,423.Cable Hill Partners reduced its stake in AXP by selling 230 shares or 42.36% in the most recent quarter. The Hedge Fund company now holds 313 shares of AXP which is valued at $20,508. American Express Company makes up approx 0.01% of Cable Hill Partners’s portfolio.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.Hikari Power Ltd boosted its stake in AXP in the latest quarter, The investment management firm added 15,600 additional shares and now holds a total of 17,600 shares of American Express Company which is valued at $1,123,408. American Express Company makes up approx 0.13% of Hikari Power Ltd’s portfolio.Ngam Advisors boosted its stake in AXP in the latest quarter, The investment management firm added 41,434 additional shares and now holds a total of 389,493 shares of American Express Company which is valued at $24,861,338. American Express Company makes up approx 0.33% of Ngam Advisors’s portfolio.

American Express Company closed down -0.1 points or -0.15% at $65.53 with 27,83,160 shares getting traded on Friday. Post opening the session at $65.47, the shares hit an intraday low of $65.07 and an intraday high of $65.675 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *