Orbitronix Lp Exits Position in American Express Company (AXP)

American Express Company (AXP) : Orbitronix Lp has sold out all of its stake in American Express Company during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 24,000 shares of American Express Company which is valued at $1,569,120.

Other Hedge Funds, Including , Advisor Partners boosted its stake in AXP in the latest quarter, The investment management firm added 1,597 additional shares and now holds a total of 13,716 shares of American Express Company which is valued at $896,752. American Express Company makes up approx 0.30% of Advisor Partners’s portfolio.Teacher Retirement System Of Texas boosted its stake in AXP in the latest quarter, The investment management firm added 11,685 additional shares and now holds a total of 406,925 shares of American Express Company which is valued at $26,787,873. American Express Company makes up approx 0.17% of Teacher Retirement System Of Texas’s portfolio.Leisure Capital Management boosted its stake in AXP in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 21,847 shares of American Express Company which is valued at $1,438,188. American Express Company makes up approx 1.54% of Leisure Capital Management’s portfolio. Deane Retirement Strategies sold out all of its stake in AXP during the most recent quarter. The investment firm sold 18,239 shares of AXP which is valued $1,195,019.

American Express Company opened for trading at $65.73 and hit $66.28 on the upside on Tuesday, eventually ending the session at $65.68, with a gain of 0.49% or 0.32 points. The heightened volatility saw the trading volume jump to 35,51,696 shares. Company has a market cap of $60,674 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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