American Express Company (AXP) : Klingenstein Fields Co scooped up 8,360 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 1, 2016. The investment management firm now holds a total of 339,914 shares of American Express Company which is valued at $21,696,711.American Express Company makes up approximately 0.99% of Klingenstein Fields Co’s portfolio.
Other Hedge Funds, Including , Agf Investments added AXP to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $12,766.S&co Inc reduced its stake in AXP by selling 1,050 shares or 16.28% in the most recent quarter. The Hedge Fund company now holds 5,400 shares of AXP which is valued at $347,112. American Express Company makes up approx 0.05% of S&co Inc’s portfolio. Beech Hill Advisors sold out all of its stake in AXP during the most recent quarter. The investment firm sold 40,058 shares of AXP which is valued $2,582,940.Central Bank Trust Co reduced its stake in AXP by selling 1,922 shares or 25.43% in the most recent quarter. The Hedge Fund company now holds 5,635 shares of AXP which is valued at $355,569. American Express Company makes up approx 0.10% of Central Bank Trust Co’s portfolio.Integrated Investment Consultants reduced its stake in AXP by selling 390 shares or 12.58% in the most recent quarter. The Hedge Fund company now holds 2,711 shares of AXP which is valued at $160,356. American Express Company makes up approx 0.08% of Integrated Investment Consultants’s portfolio.
American Express Company opened for trading at $63.88 and hit $64.02 on the upside on Thursday, eventually ending the session at $63.94, with a gain of 0.17% or 0.11 points. The heightened volatility saw the trading volume jump to 36,80,004 shares. Company has a market cap of $59,067 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.