Ngam Advisors buys $24,861,338 stake in American Express Company (AXP)

American Express Company (AXP) : Ngam Advisors scooped up 41,434 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 389,493 shares of American Express Company which is valued at $24,861,338.American Express Company makes up approximately 0.33% of Ngam Advisors’s portfolio.

Other Hedge Funds, Including , Everence Capital Management Inc boosted its stake in AXP in the latest quarter, The investment management firm added 1,600 additional shares and now holds a total of 18,820 shares of American Express Company which is valued at $1,201,281. American Express Company makes up approx 0.36% of Everence Capital Management Inc’s portfolio.Financial Architects Inc boosted its stake in AXP in the latest quarter, The investment management firm added 1,142 additional shares and now holds a total of 3,793 shares of American Express Company which is valued at $244,990. American Express Company makes up approx 0.07% of Financial Architects Inc’s portfolio.Rk Asset Management reduced its stake in AXP by selling 2,180 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 97,343 shares of AXP which is valued at $6,208,537. American Express Company makes up approx 5.44% of Rk Asset Management’s portfolio.Naples Global Advisors reduced its stake in AXP by selling 400 shares or 4.89% in the most recent quarter. The Hedge Fund company now holds 7,772 shares of AXP which is valued at $490,413. American Express Company makes up approx 0.20% of Naples Global Advisors’s portfolio.Howland Capital Management reduced its stake in AXP by selling 471 shares or 2.5% in the most recent quarter. The Hedge Fund company now holds 18,405 shares of AXP which is valued at $1,131,723. American Express Company makes up approx 0.11% of Howland Capital Management’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 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.

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