American Express Company (AXP) : Northstar Group reduced its stake in American Express Company by 3.62% during the most recent quarter end. The investment management company now holds a total of 17,142 shares of American Express Company which is valued at $1,081,660 after selling 643 shares in American Express Company , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.American Express Company makes up approximately 0.79% of Northstar Group’s portfolio.
Other Hedge Funds, Including , 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.Pacwest Financial Management Inc reduced its stake in AXP by selling 105 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 15,143 shares of AXP which is valued at $955,523. American Express Company makes up approx 0.58% of Pacwest Financial Management Inc’s portfolio.Raymond James Trust N.a. reduced its stake in AXP by selling 1,451 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 51,517 shares of AXP which is valued at $3,167,780. American Express Company makes up approx 0.27% of Raymond James Trust N.a.’s portfolio.
American Express Company opened for trading at $63.95 and hit $64.11 on the upside on Friday, eventually ending the session at $63.78, with a gain of 0.27% or 0.17 points. The heightened volatility saw the trading volume jump to 36,75,649 shares. Company has a market cap of $60,657 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 .Compass Point Initiated American Express Company on Apr 15, 2016 to “Buy”, Price Target of the shares are set at $69.
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.