American Express Company (AXP) : Provise Management Group scooped up 10,854 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 2, 2016. The investment management firm now holds a total of 68,584 shares of American Express Company which is valued at $4,377,717.American Express Company makes up approximately 0.79% of Provise Management Group’s portfolio.
Other Hedge Funds, Including , Arcus Capital Partners reduced its stake in AXP by selling 4,290 shares or 26.36% in the most recent quarter. The Hedge Fund company now holds 11,983 shares of AXP which is valued at $764,875. American Express Company makes up approx 0.71% of Arcus Capital Partners’s portfolio. Meeder Asset Management Inc sold out all of its stake in AXP during the most recent quarter. The investment firm sold 2,151 shares of AXP which is valued $138,266.Benjamin F. Edwards Company boosted its stake in AXP in the latest quarter, The investment management firm added 1,375 additional shares and now holds a total of 19,124 shares of American Express Company which is valued at $1,206,724. American Express Company makes up approx 0.23% of Benjamin F. Edwards Company’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in AXP in the latest quarter, The investment management firm added 9,736 additional shares and now holds a total of 209,249 shares of American Express Company which is valued at $12,866,721. American Express Company makes up approx 0.27% of Exxonmobil Investment Management Inc Tx’s portfolio.Ct Financial Advisors boosted its stake in AXP in the latest quarter, The investment management firm added 159 additional shares and now holds a total of 359 shares of American Express Company which is valued at $22,075. American Express Company makes up approx 0.01% of Ct Financial Advisors’s portfolio.
American Express Company opened for trading at $65.83 and hit $66.25 on the upside on Monday, eventually ending the session at $65.83, with a gain of 0.47% or 0.31 points. The heightened volatility saw the trading volume jump to 32,53,729 shares. Company has a market cap of $60,812 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.