Narwhal Capital Management buys $1,603,124 stake in American Express Company (AXP)

American Express Company (AXP) : Narwhal Capital Management scooped up 50 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 26, 2016. The investment management firm now holds a total of 24,820 shares of American Express Company which is valued at $1,603,124.American Express Company makes up approximately 0.49% of Narwhal Capital Management’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in AXP in the latest quarter, The investment management firm added 90,367 additional shares and now holds a total of 1,106,043 shares of American Express Company which is valued at $71,439,317. American Express Company makes up approx 0.31% of Strs Ohio’s portfolio.Huntington National Bank reduced its stake in AXP by selling 72,647 shares or 29.05% in the most recent quarter. The Hedge Fund company now holds 177,405 shares of AXP which is valued at $11,458,589. American Express Company makes up approx 0.28% of Huntington National Bank’s portfolio.Oakworth Capital boosted its stake in AXP in the latest quarter, The investment management firm added 3,300 additional shares and now holds a total of 5,635 shares of American Express Company which is valued at $362,218. American Express Company makes up approx 0.13% of Oakworth Capital’s portfolio.Rk Asset Management reduced its stake in AXP by selling 2,180 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 97,343 shares of AXP which is valued at $6,208,537. American Express Company makes up approx 5.44% of Rk Asset Management’s portfolio.

American Express Company closed down -0.33 points or -0.51% at $64.46 with 37,32,749 shares getting traded on Friday. Post opening the session at $64.7, the shares hit an intraday low of $64.17 and an intraday high of $64.74 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Card Services International Card Services Global Commercial Services and Global Network & Merchant Services. The Company’s 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.

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