American Express Company (AXP) : Pecaut reduced its stake in American Express Company by 0.83% during the most recent quarter end. The investment management company now holds a total of 35,800 shares of American Express Company which is valued at $2,360,294 after selling 300 shares in American Express Company , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.American Express Company makes up approximately 2.32% of Pecaut’s portfolio.
American Express Company opened for trading at $65.05 and hit $66.22 on the upside on Friday, eventually ending the session at $65.93, with a gain of 0.49% or 0.32 points. The heightened volatility saw the trading volume jump to 59,46,310 shares. Company has a market cap of $63,560 M.
Other Hedge Funds, Including , Capital One National Association boosted its stake in AXP in the latest quarter, The investment management firm added 63 additional shares and now holds a total of 19,742 shares of American Express Company which is valued at $1,301,590. American Express Company makes up approx 0.12% of Capital One National Association’s portfolio.Jacobs Coca boosted its stake in AXP in the latest quarter, The investment management firm added 3,635 additional shares and now holds a total of 39,725 shares of American Express Company which is valued at $2,468,512. American Express Company makes up approx 0.59% of Jacobs Coca’s portfolio. Santa Fe Partners sold out all of its stake in AXP during the most recent quarter. The investment firm sold 49,457 shares of AXP which is valued $3,073,258.Lenox Wealth Advisors reduced its stake in AXP by selling 85 shares or 70.83% in the most recent quarter. The Hedge Fund company now holds 35 shares of AXP which is valued at $2,175.Creative Planning reduced its stake in AXP by selling 5,920 shares or 9.71% in the most recent quarter. The Hedge Fund company now holds 55,073 shares of AXP which is valued at $3,293,365. American Express Company makes up approx 0.03% of Creative Planning’s portfolio.
On the company’s financial health, American Express Company reported $1.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.34. The company had revenue of $8088.00 million for the quarter, compared to analysts expectations of $8085.90 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.48 EPS.
Many Wall Street Analysts have commented on American Express Company. Company shares were Reiterated by DA Davidson on Apr 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 67 from a previous price target of $66 .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 .
American Express Company is a global services company. The Companys principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. The Companys segments include U.S. Card Services International Card Services Global Commercial Services and Global Network & Merchant Services. The Companys 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.