Troy Asset Management Ltd buys $84,196,364 stake in American Express Company (AXP)

American Express Company (AXP) : Troy Asset Management Ltd scooped up 17,500 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 1,287,800 shares of American Express Company which is valued at $84,196,364.American Express Company makes up approximately 4.47% of Troy Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Nelson Van Denburg Campbell Wealth Management Group boosted its stake in AXP in the latest quarter, The investment management firm added 539 additional shares and now holds a total of 16,515 shares of American Express Company which is valued at $1,082,063. American Express Company makes up approx 0.45% of Nelson Van Denburg Campbell Wealth Management Group’s portfolio.Pggm Investments boosted its stake in AXP in the latest quarter, The investment management firm added 54,565 additional shares and now holds a total of 589,082 shares of American Express Company which is valued at $38,048,806. American Express Company makes up approx 0.19% of Pggm Investments’s portfolio.Chesley Taft Associates boosted its stake in AXP in the latest quarter, The investment management firm added 1,383 additional shares and now holds a total of 95,266 shares of American Express Company which is valued at $6,123,698. American Express Company makes up approx 0.61% of Chesley Taft Associates’s portfolio.Fruth Investment Management boosted its stake in AXP in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 13,660 shares of American Express Company which is valued at $861,946. American Express Company makes up approx 0.41% of Fruth Investment Management’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 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.

Leave a Reply

American Express Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on American Express Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.