American Express Company (AXP) : Sunnymeath Asset Management reduced its stake in American Express Company by 11.45% during the most recent quarter end. The investment management company now holds a total of 18,755 shares of American Express Company which is valued at $1,209,322 after selling 2,425 shares in American Express Company , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.American Express Company makes up approximately 1.71% of Sunnymeath Asset Management’s portfolio.
Other Hedge Funds, Including , Howard Capital Management boosted its stake in AXP in the latest quarter, The investment management firm added 2,488 additional shares and now holds a total of 131,860 shares of American Express Company which is valued at $8,502,333. American Express Company makes up approx 1.57% of Howard Capital Management’s portfolio.Boyd Watterson Asset Managementoh reduced its stake in AXP by selling 3,817 shares or 10.89% in the most recent quarter. The Hedge Fund company now holds 31,245 shares of AXP which is valued at $1,999,368. American Express Company makes up approx 0.96% of Boyd Watterson Asset Managementoh’s portfolio.Btr Capital Management Inc reduced its stake in AXP by selling 350 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 16,796 shares of AXP which is valued at $1,074,776. American Express Company makes up approx 0.24% of Btr Capital Management Inc’s portfolio.Private Bank Trust Co boosted its stake in AXP in the latest quarter, The investment management firm added 718 additional shares and now holds a total of 10,177 shares of American Express Company which is valued at $651,226. American Express Company makes up approx 0.10% of Private Bank Trust Co’s portfolio.
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.