American Express Company (AXP) : Heritage Investors Management Corp scooped up 3,320 additional shares in American Express Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 291,315 shares of American Express Company which is valued at $18,641,247.American Express Company makes up approximately 1.36% of Heritage Investors Management Corp’s portfolio.
Other Hedge Funds, Including , Arcadia Investment Management Corpmi reduced its stake in AXP by selling 4,163 shares or 37.98% in the most recent quarter. The Hedge Fund company now holds 6,798 shares of AXP which is valued at $435,004. American Express Company makes up approx 0.14% of Arcadia Investment Management Corpmi’s portfolio.Gofen Glossberg Il reduced its stake in AXP by selling 6,446 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 474,493 shares of AXP which is valued at $29,940,508. American Express Company makes up approx 1.23% of Gofen Glossberg Il’s portfolio.
American Express Company opened for trading at $63.96 and hit $64.12 on the upside on Monday, eventually ending the session at $63.99, with a gain of 0.33% or 0.21 points. The heightened volatility saw the trading volume jump to 32,59,978 shares. Company has a market cap of $60,857 M.
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 .
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.