American Express Company (AXP) : Matrix Asset Advisors Incny reduced its stake in American Express Company by 0.52% during the most recent quarter end. The investment management company now holds a total of 122,917 shares of American Express Company which is valued at $7,845,792 after selling 647 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 1.46% of Matrix Asset Advisors Incny’s portfolio.
Other Hedge Funds, Including , Rathbone Brothers Plc reduced its stake in AXP by selling 2,350 shares or 24.85% in the most recent quarter. The Hedge Fund company now holds 7,107 shares of AXP which is valued at $453,640. American Express Company makes up approx 0.02% of Rathbone Brothers Plc’s portfolio.Signaturefd boosted its stake in AXP in the latest quarter, The investment management firm added 1,301 additional shares and now holds a total of 5,019 shares of American Express Company which is valued at $323,525. American Express Company makes up approx 0.05% of Signaturefd’s portfolio.Canandaigua National Bank Trust Co reduced its stake in AXP by selling 1,990 shares or 11.65% in the most recent quarter. The Hedge Fund company now holds 15,092 shares of AXP which is valued at $974,792. American Express Company makes up approx 0.28% of Canandaigua National Bank Trust Co’s portfolio.Hermes Investment Management Ltd reduced its stake in AXP by selling 2,110 shares or 36.32% in the most recent quarter. The Hedge Fund company now holds 3,700 shares of AXP which is valued at $237,836. Donald L. Hagan sold out all of its stake in AXP during the most recent quarter. The investment firm sold 165 shares of AXP which is valued $10,606.
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.