American Express Company (AXP) : North American Management Corp scooped up 2,115 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 18, 2016. The investment management firm now holds a total of 203,368 shares of American Express Company which is valued at $13,113,169.American Express Company makes up approximately 2.12% of North American Management Corp’s portfolio.
Other Hedge Funds, Including , Cribstone Capital Management added AXP to its portfolio by purchasing 159 company shares during the most recent quarter which is valued at $10,252. American Express Company makes up approx 0.01% of Cribstone Capital Management’s portfolio. Bristol John W Co Inc Ny sold out all of its stake in AXP during the most recent quarter. The investment firm sold 946,054 shares of AXP which is valued $60,537,995.Gulf International Bank (uk) Ltd reduced its stake in AXP by selling 1,500 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 248,316 shares of AXP which is valued at $15,668,740. American Express Company makes up approx 0.26% of Gulf International Bank (uk) Ltd’s portfolio.Firstmerit Bank N A Trustee reduced its stake in AXP by selling 4,779 shares or 13.5% in the most recent quarter. The Hedge Fund company now holds 30,614 shares of AXP which is valued at $1,931,743. American Express Company makes up approx 0.15% of Firstmerit Bank N A Trustee’s portfolio. Searle sold out all of its stake in AXP during the most recent quarter. The investment firm sold 24,400 shares of AXP which is valued $1,539,640.
American Express Company opened for trading at $64.29 and hit $64.8 on the upside on Wednesday, eventually ending the session at $64.48, with a gain of 0.50% or 0.32 points. The heightened volatility saw the trading volume jump to 83,15,821 shares. Company has a market cap of $61,323 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.
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.