Seminole Management buys $63,297,877 stake in American Express Company (AXP)

American Express Company (AXP) : Seminole Management scooped up 257,024 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 979,995 shares of American Express Company which is valued at $63,297,877.American Express Company makes up approximately 6.24% of Seminole Management’s portfolio.

Other Hedge Funds, Including , Rs Investment Management Co boosted its stake in AXP in the latest quarter, The investment management firm added 6,791 additional shares and now holds a total of 700,711 shares of American Express Company which is valued at $45,258,923. American Express Company makes up approx 0.44% of Rs Investment Management Co’s portfolio.Community Bank N.a. reduced its stake in AXP by selling 125 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 10,480 shares of AXP which is valued at $670,615. American Express Company makes up approx 0.15% of Community Bank N.a.’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in AXP by selling 975 shares or 5.48% in the most recent quarter. The Hedge Fund company now holds 16,824 shares of AXP which is valued at $1,061,594. American Express Company makes up approx 0.02% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.Pacwest Financial Management Inc reduced its stake in AXP by selling 105 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 15,143 shares of AXP which is valued at $955,523. American Express Company makes up approx 0.58% of Pacwest Financial Management Inc’s portfolio.Cullinan Associates Inc boosted its stake in AXP in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 107,527 shares of American Express Company which is valued at $6,525,814. American Express Company makes up approx 0.53% of Cullinan Associates Inc’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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