American Express Company (AXP) : Bernicke Wealth Management Ltd. scooped up 85 additional shares in American Express Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 11,535 shares of American Express Company which is valued at $754,158.American Express Company makes up approximately 0.66% of Bernicke Wealth Management Ltd.’s portfolio.
Other Hedge Funds, Including , Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in AXP by selling 3,800 shares or 15.45% in the most recent quarter. The Hedge Fund company now holds 20,800 shares of AXP which is valued at $1,359,904. American Express Company makes up approx 0.33% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio. Quantbot Technologies Lp sold out all of its stake in AXP during the most recent quarter. The investment firm sold 31,991 shares of AXP which is valued $2,041,986.First Niagara Bank reduced its stake in AXP by selling 295 shares or 1.85% in the most recent quarter. The Hedge Fund company now holds 15,657 shares of AXP which is valued at $1,011,286. American Express Company makes up approx 0.28% of First Niagara Bank’s portfolio.Checchi Capital Advisers boosted its stake in AXP in the latest quarter, The investment management firm added 68 additional shares and now holds a total of 6,197 shares of American Express Company which is valued at $398,343. American Express Company makes up approx 0.10% of Checchi Capital Advisers’s portfolio.
American Express Company opened for trading at $65.73 and hit $66.28 on the upside on Tuesday, eventually ending the session at $65.68, with a gain of 0.49% or 0.32 points. The heightened volatility saw the trading volume jump to 35,51,696 shares. Company has a market cap of $60,674 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.
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.