Parthenon Lowers stake in American Express Company (AXP)

American Express Company (AXP) : Parthenon reduced its stake in American Express Company by 0.24% during the most recent quarter end. The investment management company now holds a total of 42,860 shares of American Express Company which is valued at $2,768,327 after selling 105 shares in American Express Company , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.American Express Company makes up approximately 0.68% of Parthenon’s portfolio.

Other Hedge Funds, Including , Hl Financial Services boosted its stake in AXP in the latest quarter, The investment management firm added 341 additional shares and now holds a total of 11,664 shares of American Express Company which is valued at $753,378. American Express Company makes up approx 0.02% of Hl Financial Services’s portfolio.Kanaly Trust Co boosted its stake in AXP in the latest quarter, The investment management firm added 1,068 additional shares and now holds a total of 5,349 shares of American Express Company which is valued at $343,834. American Express Company makes up approx 0.07% of Kanaly Trust Co’s portfolio.Capital Investment Advisors boosted its stake in AXP in the latest quarter, The investment management firm added 387 additional shares and now holds a total of 6,132 shares of American Express Company which is valued at $394,165. American Express Company makes up approx 0.04% of Capital Investment Advisors’s portfolio.Cypress Asset Management Inctx reduced its stake in AXP by selling 14,875 shares or 67.89% in the most recent quarter. The Hedge Fund company now holds 7,035 shares of AXP which is valued at $453,617. American Express Company makes up approx 0.09% of Cypress Asset Management Inctx’s portfolio.Eqis Capital Management reduced its stake in AXP by selling 302 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 8,817 shares of AXP which is valued at $564,200. American Express Company makes up approx 0.04% of Eqis Capital Management’s portfolio.

American Express Company closed down -0.33 points or -0.51% at $64.46 with 37,32,749 shares getting traded on Friday. Post opening the session at $64.7, the shares hit an intraday low of $64.17 and an intraday high of $64.74 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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