American Express Company (AXP) : Foyston Gordon Payne Inc added new position in American Express Company during the most recent quarter end. The investment management firm now holds 205,289 shares of American Express Company which is valued at $13,421,795 , the company said in a statement filed on Aug 11, 2016 with the SEC.American Express Company makes up approximately 2.36% of Foyston Gordon Payne Inc’s portfolio.
Other Hedge Funds, Including , Argent Trust Co reduced its stake in AXP by selling 617 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 41,407 shares of AXP which is valued at $2,707,190. American Express Company makes up approx 0.82% of Argent Trust Co’s portfolio.Bridgewater Associates Lp reduced its stake in AXP by selling 30,808 shares or 27.53% in the most recent quarter. The Hedge Fund company now holds 81,100 shares of AXP which is valued at $5,302,318. American Express Company makes up approx 0.06% of Bridgewater Associates Lp’s portfolio.Jupiter Asset Management Ltd reduced its stake in AXP by selling 8,638 shares or 6.43% in the most recent quarter. The Hedge Fund company now holds 125,732 shares of AXP which is valued at $8,220,358. American Express Company makes up approx 0.33% of Jupiter Asset Management Ltd’s portfolio.Mount Vernon Associates Inc Md boosted its stake in AXP in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 17,075 shares of American Express Company which is valued at $1,102,874. American Express Company makes up approx 2.22% of Mount Vernon Associates Inc Md’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.