Hirtle Callaghan Co Lowers stake in American Express Company (AXP)

American Express Company (AXP) : Hirtle Callaghan Co reduced its stake in American Express Company by 3.71% during the most recent quarter end. The investment management company now holds a total of 9,502 shares of American Express Company which is valued at $606,513 after selling 366 shares in American Express Company , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.American Express Company makes up approximately 0.11% of Hirtle Callaghan Co’s portfolio.

Other Hedge Funds, Including , State Of New Jersey Common Pension Fund D boosted its stake in AXP in the latest quarter, The investment management firm added 430,000 additional shares and now holds a total of 1,089,000 shares of American Express Company which is valued at $69,510,870. American Express Company makes up approx 0.30% of State Of New Jersey Common Pension Fund D’s portfolio.Tocqueville Asset Management reduced its stake in AXP by selling 68,501 shares or 61.83% in the most recent quarter. The Hedge Fund company now holds 42,282 shares of AXP which is valued at $2,725,498. American Express Company makes up approx 0.03% of Tocqueville Asset Management’s portfolio.Family Capital Trust Co reduced its stake in AXP by selling 1,900 shares or 3.27% in the most recent quarter. The Hedge Fund company now holds 56,162 shares of AXP which is valued at $3,620,203. American Express Company makes up approx 2.08% of Family Capital Trust Co’s portfolio. Davis R M Inc added AXP to its portfolio by purchasing 3,485 company shares during the most recent quarter which is valued at $223,005. American Express Company makes up approx 0.01% of Davis R M Inc’s portfolio.Norman Fields Gottscho Capital Management reduced its stake in AXP by selling 1,870 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 71,037 shares of AXP which is valued at $4,482,435. American Express Company makes up approx 3.05% of Norman Fields Gottscho Capital Management’s portfolio.

American Express Company opened for trading at $65.83 and hit $66.25 on the upside on Monday, eventually ending the session at $65.83, with a gain of 0.47% or 0.31 points. The heightened volatility saw the trading volume jump to 32,53,729 shares. Company has a market cap of $60,812 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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