Naya Management Llp Lowers stake in American Express Company (AXP)

American Express Company (AXP) : Naya Management Llp reduced its stake in American Express Company by 73.44% during the most recent quarter end. The investment management company now holds a total of 175,800 shares of American Express Company which is valued at $11,493,804 after selling 486,150 shares in American Express Company , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.American Express Company makes up approximately 1.85% of Naya Management Llp’s portfolio.

Other Hedge Funds, Including , Lone Pine Capital boosted its stake in AXP in the latest quarter, The investment management firm added 23,719 additional shares and now holds a total of 25,000 shares of American Express Company which is valued at $1,634,500. American Express Company makes up approx 0.01% of Lone Pine Capital’s portfolio.Bnp Paribas Investment Partners S.a. reduced its stake in AXP by selling 4,273 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 198,080 shares of AXP which is valued at $12,970,278. American Express Company makes up approx 0.11% of Bnp Paribas Investment Partners S.a.’s portfolio. Bach Investment Advisors Ltd sold out all of its stake in AXP during the most recent quarter. The investment firm sold 4,324 shares of AXP which is valued $283,308.Umb Bank N Amo reduced its stake in AXP by selling 3,794 shares or 11.79% in the most recent quarter. The Hedge Fund company now holds 28,377 shares of AXP which is valued at $1,832,870. American Express Company makes up approx 0.08% of Umb Bank N Amo’s portfolio.

American Express Company closed down -0.72 points or -1.10% at $64.86 with 36,57,718 shares getting traded on Thursday. Post opening the session at $65.55, the shares hit an intraday low of $64.42 and an intraday high of $65.64 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 *