Marquette Asset Management Exits Position in American Express Company (AXP)

American Express Company (AXP) : Marquette Asset Management 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 Apr 13, 2016 with the SEC. The investment management company has sold out 2,931 shares of American Express Company which is valued at $182,132.

American Express Company opened for trading at $61.81 and hit $62.625 on the upside on Monday, eventually ending the session at $62.59, with a gain of 0.72% or 0.45 points. The heightened volatility saw the trading volume jump to 31,40,068 shares. Company has a market cap of $60,340 M.

Other Hedge Funds, Including , Benjamin F. Edwards Company boosted its stake in AXP in the latest quarter, The investment management firm added 6,833 additional shares and now holds a total of 17,749 shares of American Express Company which is valued at $1,102,923. American Express Company makes up approx 0.23% of Benjamin F. Edwards Company’s portfolio. Banced Corp sold out all of its stake in AXP during the most recent quarter. The investment firm sold 10,248 shares of AXP which is valued $636,811.Central Trust Co reduced its stake in AXP by selling 3,589 shares or 7.6% in the most recent quarter. The Hedge Fund company now holds 43,614 shares of AXP which is valued at $2,710,174. American Express Company makes up approx 0.21% of Central Trust Co’s portfolio.Ckw Financial Group boosted its stake in AXP in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 1,300 shares of American Express Company which is valued at $77,740. American Express Company makes up approx 0.03% of Ckw Financial Group’s portfolio.Stock Yards Bank Trust Co reduced its stake in AXP by selling 223 shares or 3.89% in the most recent quarter. The Hedge Fund company now holds 5,503 shares of AXP which is valued at $329,079. American Express Company makes up approx 0.05% of Stock Yards Bank Trust Co’s portfolio.

On the company’s financial health, American Express Company reported $1.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $1.13. The company had revenue of $8391.00 million for the quarter, compared to analysts expectations of $8399.38 million. The company’s revenue was down -7.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.39 EPS.

Many Wall Street Analysts have commented on American Express Company. Compass Point Initiated American Express Company on Apr 15, 2016 to “Buy”, Price Target of the shares are set at $69.Shares were Reiterated by Barclays on Mar 11, 2016 to “Equal Weight” and Lowered the Price Target to $ 63 from a previous price target of $77 .Shares were Reiterated by Deutsche Bank on Feb 9, 2016 to “Buy” and Lowered the Price Target to $ 66 from a previous price target of $90 .

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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